John Michael Wilson Sells 5,500 Shares of Semtech (NASDAQ:SMTC) Stock

Semtech Corporation (NASDAQ:SMTC) insider John Michael Wilson sold 5,500 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $170.00, for a total value of $935,000.00. Following the completion of the transaction, the insider directly owned 80,876 shares of the company’s stock, valued at $13,748,920. The trade was a 6.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Semtech Price Performance

SMTC stock traded down $4.80 during mid-day trading on Wednesday, reaching $158.48. 2,759,997 shares of the company’s stock were exchanged, compared to its average volume of 2,580,242. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.37 and a quick ratio of 1.62. Semtech Corporation has a 12-month low of $42.38 and a 12-month high of $177.35. The stock’s 50 day moving average is $136.53 and its 200 day moving average is $100.43. The company has a market cap of $14.76 billion, a price-to-earnings ratio of -406.36 and a beta of 2.32.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 EPS 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 business had revenue of $291.02 million during the quarter, compared to analysts’ expectations of $283.53 million. During the same period in the previous year, the business earned $0.38 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. On average, research analysts expect that Semtech Corporation will post 1.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. TD Cowen upped their price objective on shares of Semtech from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday. Northland Securities lowered shares of Semtech from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 26th. B. Riley Financial boosted their target price on shares of Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Semtech in a research report on Thursday, June 18th. Finally, Oppenheimer set a $200.00 price target on shares of Semtech in a research note on Wednesday, May 27th. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $189.07.

Hedge Funds Weigh In On Semtech

Hedge funds and other institutional investors have recently modified their holdings of the business. Militia Capital Management LLC acquired a new position in Semtech during the first quarter worth about $2,307,000. Glenmede Trust Co. NA lifted its stake in Semtech by 3.3% in the 1st quarter. Glenmede Trust Co. NA now owns 18,432 shares of the semiconductor company’s stock worth $1,417,000 after purchasing an additional 589 shares in the last quarter. E20 Capital Ltd purchased a new position in Semtech in the 1st quarter worth approximately $21,809,000. Janus Henderson Group PLC boosted its holdings in shares of Semtech by 10.2% during the 1st quarter. Janus Henderson Group PLC now owns 61,443 shares of the semiconductor company’s stock worth $4,723,000 after purchasing an additional 5,699 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in shares of Semtech by 24.8% in the first quarter. California State Teachers Retirement System now owns 102,818 shares of the semiconductor company’s stock valued at $7,906,000 after purchasing an additional 20,408 shares in the last quarter.

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.