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

Semtech Corporation (NASDAQ:SMTC) CEO Hong Hou sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $162.10, for a total value of $324,200.00. Following the completion of the transaction, the chief executive officer directly owned 69,228 shares in the company, valued at $11,221,858.80. The trade was a 2.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Semtech Trading Down 0.8%

Shares of NASDAQ:SMTC opened at $157.52 on Wednesday. The stock has a market capitalization of $14.67 billion, a price-to-earnings ratio of -403.90 and a beta of 2.32. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.62 and a current ratio of 2.37. The stock’s 50-day simple moving average is $120.41 and its two-hundred day simple moving average is $93.97. Semtech Corporation has a 52-week low of $39.07 and a 52-week high of $172.35.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The firm had revenue of $291.02 million for the quarter, compared to analysts’ expectations of $283.53 million. During the same period in the previous year, the firm earned $0.38 EPS. The business’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. Analysts expect that Semtech Corporation will post 1.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. TD Cowen reissued a “buy” rating on shares of Semtech in a research note on Tuesday, February 24th. Weiss Ratings downgraded Semtech from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Tuesday, March 24th. B. Riley Financial lifted their target price on Semtech from $165.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Stifel Nicolaus lifted their target price on Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Finally, UBS Group lifted their target price on Semtech from $165.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Thirteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Semtech has an average rating of “Moderate Buy” and an average price target of $179.73.

Institutional Trading of Semtech

Large investors have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new stake in Semtech in the 1st quarter worth approximately $33,000. Hantz Financial Services Inc. boosted its holdings 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 worth $36,000 after purchasing an additional 360 shares during the period. AlphaQuest LLC boosted its holdings in shares of Semtech by 42.5% in the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 173 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Semtech by 65.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 235 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of Semtech by 1,745.5% in the 3rd quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 576 shares during the period.

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.