Insider Selling: Semtech (NASDAQ:SMTC) CFO Sells $145,897.70 in Stock

Semtech Corporation (NASDAQ:SMTC) CFO Mark Lin sold 970 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $150.41, for a total transaction of $145,897.70. Following the completion of the transaction, the chief financial officer directly owned 34,896 shares in the company, valued at approximately $5,248,707.36. The trade was a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Semtech Stock Performance

SMTC stock traded up $3.62 during midday trading on Monday, reaching $138.89. 2,309,531 shares of the company’s stock traded hands, compared to its average volume of 2,744,848. The company has a current ratio of 2.37, a quick ratio of 1.62 and a debt-to-equity ratio of 0.86. Semtech Corporation has a 52-week low of $42.42 and a 52-week high of $177.35. The stock has a market cap of $12.94 billion, a P/E ratio of -356.13 and a beta of 2.31. The stock’s 50-day moving average is $144.68 and its 200 day moving average is $104.54.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. The firm had revenue of $291.02 million during the quarter, compared to the consensus estimate of $283.53 million. During the same quarter in the previous year, the firm posted $0.38 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. As a group, analysts anticipate that Semtech Corporation will post 1.81 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Leonteq Securities AG grew its position in shares of Semtech by 11.2% during the 1st quarter. Leonteq Securities AG now owns 1,171 shares of the semiconductor company’s stock worth $90,000 after buying an additional 118 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in Semtech by 2.3% during the 4th quarter. Evergreen Capital Management LLC now owns 5,945 shares of the semiconductor company’s stock worth $438,000 after acquiring an additional 136 shares in the last quarter. Stephens Inc. AR grew its holdings in Semtech by 3.3% during the 4th quarter. Stephens Inc. AR now owns 4,410 shares of the semiconductor company’s stock worth $325,000 after acquiring an additional 142 shares in the last quarter. Captrust Financial Advisors increased its position in Semtech by 0.8% during the 4th quarter. Captrust Financial Advisors now owns 19,302 shares of the semiconductor company’s stock valued at $1,422,000 after purchasing an additional 162 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of Semtech by 1.5% in the 4th quarter. Cetera Investment Advisers now owns 11,737 shares of the semiconductor company’s stock valued at $865,000 after purchasing an additional 177 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Roth Mkm upped their price objective on Semtech from $102.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Benchmark upped their price target on shares of Semtech from $120.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. B. Riley Financial boosted their target price on shares of Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Citigroup downgraded shares of Semtech from a “buy” rating to a “market perform” rating in a report on Tuesday, May 26th. Finally, Susquehanna upped their price objective on Semtech from $170.00 to $200.00 and gave the company a “positive” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.07.

About Semtech

Semtech Corporation is a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms. The company’s products address a broad range of applications in the Internet of Things (IoT), data center and telecom, industrial, home automation, automotive, and aerospace markets. Semtech’s portfolio includes power management, signal integrity, protection devices, wireless and sensing technologies that enable smarter, more connected systems worldwide.

A core offering from Semtech is its LoRa® technology, a low-power, long-range wireless communication platform that has become a de facto standard for global IoT deployments.