Semtech (NASDAQ:SMTC) Director Sells $270,936.00 in Stock

Semtech Corporation (NASDAQ:SMTC) Director Saar Gillai sold 3,600 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $75.26, for a total value of $270,936.00. Following the completion of the sale, the director directly owned 9,523 shares of the company’s stock, valued at $716,700.98. This represents a 27.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Semtech Stock Performance

NASDAQ:SMTC traded up $5.60 during mid-day trading on Friday, hitting $77.79. 1,714,438 shares of the company’s stock traded hands, compared to its average volume of 1,344,083. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of 250.94 and a beta of 2.01. The firm has a 50 day moving average of $72.34 and a two-hundred day moving average of $62.37. The company has a current ratio of 2.43, a quick ratio of 1.71 and a debt-to-equity ratio of 0.87. Semtech Corporation has a 12 month low of $24.05 and a 12 month high of $81.32.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings results on Monday, November 24th. The semiconductor company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $266.97 million during the quarter, compared to the consensus estimate of $266.36 million. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The business’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. On average, equities analysts forecast that Semtech Corporation will post -0.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of Semtech from $70.00 to $88.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Stifel Nicolaus set a $80.00 target price on Semtech in a report on Wednesday, October 1st. Susquehanna raised their target price on Semtech from $65.00 to $80.00 and gave the stock a “positive” rating in a research report on Tuesday, November 18th. Summit Insights upgraded Semtech from a “hold” rating to a “buy” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Semtech in a report on Monday, December 29th. Fifteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Semtech has an average rating of “Moderate Buy” and an average price target of $78.50.

Institutional Investors Weigh In On Semtech

Several institutional investors have recently modified their holdings of SMTC. Bessemer Group Inc. increased its position in shares of Semtech by 78.4% in the 2nd quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 287 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Semtech in the 2nd quarter valued at approximately $33,000. Hantz Financial Services Inc. increased its stake in Semtech by 243.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 360 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in Semtech during the 3rd quarter worth approximately $41,000. Finally, AlphaQuest LLC lifted its stake in Semtech by 42.5% in the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 173 shares in the last quarter.

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.