Semtech (NASDAQ:SMTC) CFO Mark Lin Sells 1,333 Shares of Stock

Semtech Corporation (NASDAQ:SMTC) CFO Mark Lin sold 1,333 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $76.20, for a total value of $101,574.60. Following the transaction, the chief financial officer owned 18,477 shares in the company, valued at $1,407,947.40. This represents a 6.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Semtech Price Performance

Shares of SMTC opened at $77.44 on Wednesday. Semtech Corporation has a twelve month low of $24.05 and a twelve month high of $81.32. The company has a current ratio of 2.43, a quick ratio of 1.71 and a debt-to-equity ratio of 0.87. The stock’s 50 day moving average is $72.12 and its two-hundred day moving average is $62.20. The firm has a market capitalization of $7.17 billion, a PE ratio of 249.81 and a beta of 2.01.

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

Hedge Funds Weigh In On Semtech

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. grew its position in Semtech by 78.4% in the second quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock worth $29,000 after buying an additional 287 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Semtech during the second quarter worth $33,000. Hantz Financial Services Inc. raised its stake in shares of Semtech by 243.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 360 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Semtech in the third quarter worth $41,000. Finally, AlphaQuest LLC boosted its holdings in Semtech by 42.5% during the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 173 shares during the period.

Wall Street Analyst Weigh In

Several research analysts recently commented on SMTC shares. Needham & Company LLC restated a “buy” rating and issued a $80.00 price target on shares of Semtech in a report on Tuesday, November 25th. Weiss Ratings restated a “hold (c-)” rating on shares of Semtech in a report on Monday, December 29th. Piper Sandler reaffirmed an “overweight” rating and set a $95.00 price target (up from $70.00) on shares of Semtech in a research report on Thursday, December 11th. Wall Street Zen upgraded Semtech from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 27th. Finally, Roth Capital raised their price objective on Semtech from $65.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Fifteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Semtech currently has an average rating of “Moderate Buy” and a consensus target price of $78.50.

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.