Insider Selling: Semtech (NASDAQ:SMTC) Insider Sells 5,500 Shares of Stock

Semtech Corporation (NASDAQ:SMTC) insider John Michael Wilson sold 5,500 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $170.00, for a total value of $935,000.00. Following the transaction, the insider directly owned 80,876 shares in the company, valued at $13,748,920. This trade represents a 6.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Semtech Trading Down 2.9%

NASDAQ:SMTC traded down $4.80 during trading hours on Wednesday, hitting $158.48. The company had a trading volume of 2,759,997 shares, compared to its average volume of 2,580,242. Semtech Corporation has a 1 year low of $42.38 and a 1 year high of $177.35. The company has a market cap of $14.76 billion, a P/E ratio of -406.36 and a beta of 2.32. The company has a 50-day moving average of $136.53 and a 200 day moving average of $100.43. 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 (NASDAQ:SMTC) last posted its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06. The business had revenue of $291.02 million for the quarter, compared to analyst estimates of $283.53 million. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Sell-side analysts expect that Semtech Corporation will post 1.81 earnings per share for the current year.

Institutional Trading of Semtech

Institutional investors and hedge funds have recently bought and sold shares of the business. Militia Capital Management LLC acquired a new stake in shares of Semtech during the first quarter worth about $2,307,000. Glenmede Trust Co. NA grew its holdings in shares of Semtech by 3.3% in the first quarter. Glenmede Trust Co. NA now owns 18,432 shares of the semiconductor company’s stock valued at $1,417,000 after purchasing an additional 589 shares in the last quarter. E20 Capital Ltd purchased a new stake in Semtech during the 1st quarter worth approximately $21,809,000. Janus Henderson Group PLC lifted its holdings in Semtech by 10.2% during the 1st quarter. Janus Henderson Group PLC now owns 61,443 shares of the semiconductor company’s stock worth $4,723,000 after buying an additional 5,699 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in Semtech by 24.8% during the 1st quarter. California State Teachers Retirement System now owns 102,818 shares of the semiconductor company’s stock worth $7,906,000 after buying an additional 20,408 shares in the last quarter.

Wall Street Analysts Forecast Growth

SMTC has been the topic of several recent analyst reports. Benchmark boosted their target price on shares of Semtech from $120.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. B. Riley Financial upped their price objective on shares of Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Susquehanna lifted their target price on shares of Semtech from $170.00 to $200.00 and gave the company a “positive” rating in a report on Wednesday, May 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Semtech in a research report on Thursday, June 18th. Finally, Roth Mkm upped their price target on Semtech from $102.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Thirteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.