Insider Selling: Semtech (NASDAQ:SMTC) COO Sells $1,086,300.00 in Stock

Semtech Corporation (NASDAQ:SMTC) COO Asaf Silberstein sold 8,500 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $127.80, for a total value of $1,086,300.00. Following the completion of the transaction, the chief operating officer directly owned 96,862 shares in the company, valued at approximately $12,378,963.60. This represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Semtech Price Performance

SMTC stock opened at $136.13 on Monday. Semtech Corporation has a fifty-two week low of $46.02 and a fifty-two week 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 $12.68 billion, a price-to-earnings ratio of -349.05 and a beta of 2.31. The business’s fifty day moving average price is $147.85 and its two-hundred day moving average price is $106.72.

Semtech (NASDAQ:SMTC) last announced its earnings results 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 company had revenue of $291.02 million during the quarter, compared to analysts’ expectations of $283.53 million. During the same quarter in the previous year, the business posted $0.38 earnings per share. Semtech’s quarterly revenue was up 15.9% on a year-over-year basis. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. On average, equities analysts anticipate that Semtech Corporation will post 1.81 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Roth Capital raised their target price on shares of Semtech from $102.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Susquehanna boosted their price target on Semtech from $170.00 to $200.00 and gave the company a “positive” rating in a research note on Wednesday, May 27th. Mizuho set a $225.00 price target on Semtech in a research report on Wednesday, May 27th. Zacks Research upgraded Semtech from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Finally, Craig Hallum raised their price objective on Semtech from $105.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $189.07.

Institutional Trading of Semtech

Institutional investors and hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC increased its stake in Semtech by 900.0% in 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 last quarter. Banque Cantonale Vaudoise acquired a new position in Semtech during the first quarter valued at approximately $33,000. IFP Advisors Inc bought a new stake in Semtech during the fourth quarter worth $53,000. Smartleaf Asset Management LLC lifted its stake in Semtech by 24.1% during the second quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the semiconductor company’s stock worth $57,000 after purchasing an additional 247 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in shares of Semtech in the 4th quarter valued at $60,000.

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.