Semtech (NASDAQ:SMTC) CEO Hong Hou Sells 2,000 Shares

Semtech Corporation (NASDAQ:SMTC) CEO Hong Hou sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $133.00, for a total transaction of $266,000.00. Following the sale, the chief executive officer directly owned 64,799 shares of the company’s stock, valued at $8,618,267. The trade was a 2.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Semtech Trading Up 7.0%

SMTC opened at $141.36 on Wednesday. Semtech Corporation has a 12-month low of $46.02 and a 12-month high of $177.35. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.37 and a quick ratio of 1.62. The stock has a market capitalization of $13.17 billion, a PE ratio of -362.46 and a beta of 2.31. The firm’s fifty day moving average price is $148.96 and its 200 day moving average price is $107.58.

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

Hedge Funds Weigh In On Semtech

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Handelsbanken Fonder AB increased its stake in Semtech by 20.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 31,988 shares of the semiconductor company’s stock valued at $5,177,000 after buying an additional 5,400 shares during the period. Allied Private Wealth LLC acquired a new stake in shares of Semtech in the 2nd quarter worth approximately $65,000. Everhart Financial Group Inc. bought a new position in shares of Semtech in the second quarter valued at approximately $202,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Semtech during the second quarter valued at approximately $673,000. Finally, FNY Investment Advisers LLC increased its stake in shares of Semtech by 900.0% during the second quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 180 shares during the period.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Zacks Research raised Semtech from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Craig Hallum lifted their target price on Semtech from $105.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Stifel Nicolaus boosted their price target on Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Semtech in a report on Thursday, June 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $200.00 target price on shares of Semtech in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Semtech presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.07.

Semtech Company Profile

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.