Semtech (NASDAQ:SMTC) Insider John Michael Wilson Sells 5,000 Shares

Semtech Corporation (NASDAQ:SMTC) insider John Michael Wilson sold 5,000 shares of the stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $75.12, for a total transaction of $375,600.00. Following the completion of the sale, the insider owned 60,066 shares of the company’s stock, valued at approximately $4,512,157.92. The trade was a 7.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Semtech Trading Down 4.6%

Shares of Semtech stock opened at $75.98 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.43 and a quick ratio of 1.71. The stock’s 50 day simple moving average is $73.02 and its 200-day simple moving average is $63.35. The stock has a market cap of $7.03 billion, a P/E ratio of 245.10 and a beta of 2.01. Semtech Corporation has a 1-year low of $24.05 and a 1-year high of $81.39.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SMTC shares. Robert W. Baird lifted their target price 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. Wall Street Zen lowered shares of Semtech from a “strong-buy” rating to a “buy” rating in a research report on Saturday. B. Riley increased their price objective on Semtech from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Stifel Nicolaus set a $80.00 target price on Semtech in a research note on Wednesday, October 1st. Finally, Susquehanna upped their price target on Semtech from $65.00 to $80.00 and gave the company a “positive” rating in a research note on Tuesday, November 18th. Fifteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Semtech has an average rating of “Moderate Buy” and an average price target of $78.50.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB purchased a new stake in Semtech during the second quarter worth about $4,230,000. EFG Asset Management North America Corp. grew its holdings in shares of Semtech by 15.6% in the second quarter. EFG Asset Management North America Corp. now owns 94,872 shares of the semiconductor company’s stock valued at $4,282,000 after purchasing an additional 12,796 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Semtech during the 3rd quarter worth approximately $9,160,000. LMR Partners LLP lifted its holdings in Semtech by 70.0% during the 2nd quarter. LMR Partners LLP now owns 425,000 shares of the semiconductor company’s stock worth $19,184,000 after buying an additional 175,000 shares in the last quarter. Finally, Andar Capital Management HK Ltd purchased a new position in Semtech in the 2nd quarter valued at approximately $7,222,000.

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.