Semtech (NASDAQ:SMTC) COO Sells $920,000.00 in Stock

Semtech Corporation (NASDAQ:SMTC) COO Asaf Silberstein sold 10,000 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $92.00, for a total value of $920,000.00. Following the transaction, the chief operating officer directly owned 68,496 shares in the company, valued at $6,301,632. This represents a 12.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Asaf Silberstein also recently made the following trade(s):

• On Thursday, January 22nd, Asaf Silberstein sold 5,000 shares of Semtech stock. The stock was sold at an average price of $83.00, for a total value of $415,000.00.

Semtech Price Performance

Shares of SMTC traded down $0.06 during midday trading on Wednesday, reaching $88.53. The stock had a trading volume of 1,647,671 shares, compared to its average volume of 1,538,454. Semtech Corporation has a 12-month low of $24.05 and a 12-month high of $92.50. The company has a market capitalization of $8.19 billion, a price-to-earnings ratio of 285.58 and a beta of 2.01. The company’s 50-day moving average is $77.92 and its 200 day moving average is $68.05. The company has a current ratio of 2.43, a quick ratio of 1.71 and a debt-to-equity ratio of 0.87.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings results 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 business had revenue of $266.97 million for the quarter, compared to analysts’ expectations of $266.36 million. Semtech had a return on equity of 17.00% and a net margin of 2.77%.The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 EPS. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. On average, equities analysts predict that Semtech Corporation will post -0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SMTC shares. Wall Street Zen lowered shares of Semtech from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 26th. Summit Insights raised shares of Semtech from a “hold” rating to a “buy” rating in a research note on Tuesday, November 25th. Piper Sandler restated an “overweight” rating and issued a $95.00 target price (up from $70.00) on shares of Semtech in a report on Thursday, December 11th. B. Riley Financial boosted their price objective on shares of Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Finally, Stifel Nicolaus upped their price objective on Semtech from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Semtech has a consensus rating of “Moderate Buy” and a consensus price target of $79.21.

Institutional Trading of Semtech

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp raised its holdings in shares of Semtech by 12,214.3% during the first quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock worth $89,000 after purchasing an additional 2,565 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Semtech by 11.5% in the first quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock worth $323,000 after buying an additional 968 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Semtech by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company’s stock worth $14,166,000 after purchasing an additional 22,629 shares in the last quarter. Strs Ohio acquired a new stake in shares of Semtech during the 1st quarter worth approximately $65,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Semtech during the 2nd quarter worth approximately $854,000.

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.