Semtech (NASDAQ:SMTC) Director Rodolpho Cardenuto Sells 5,321 Shares

Semtech Corporation (NASDAQ:SMTC) Director Rodolpho Cardenuto sold 5,321 shares of the stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $165.00, for a total value of $877,965.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Semtech Trading Up 3.8%

NASDAQ SMTC traded up $6.81 on Friday, reaching $185.00. 6,000,651 shares of the company were exchanged, compared to its average volume of 2,791,788. The business’s fifty day moving average price is $136.10 and its 200 day moving average price is $125.60. The stock has a market capitalization of $17.27 billion, a P/E ratio of 122.52 and a beta of 2.35. The company has a current ratio of 1.70, a quick ratio of 1.31 and a debt-to-equity ratio of 0.47. Semtech Corporation has a fifty-two week low of $57.50 and a fifty-two week high of $185.46.

Semtech (NASDAQ:SMTC) last issued its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. Semtech had a return on equity of 21.74% and a net margin of 13.11%.The business had revenue of $341.87 million during the quarter, compared to the consensus estimate of $328.67 million. During the same period last year, the company earned $0.41 EPS. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Analysts forecast that Semtech Corporation will post 2.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

SMTC has been the topic of a number of analyst reports. TD Cowen lifted their target price on shares of Semtech from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. UBS Group increased their price target on shares of Semtech from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Needham & Company LLC restated a “buy” rating and set a $200.00 price target on shares of Semtech in a report on Wednesday, August 26th. Craig Hallum lifted their price target on shares of Semtech from $105.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, Zacks Research cut Semtech from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. Fifteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $204.71.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. SkyView Investment Advisors LLC purchased a new position in Semtech during the second quarter worth about $283,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Semtech in the 2nd quarter valued at approximately $374,000. Tidal Investments LLC purchased a new stake in shares of Semtech in the 2nd quarter valued at approximately $22,728,000. IPG Investment Advisors LLC acquired a new position in shares of Semtech in the 2nd quarter worth approximately $296,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Semtech in the 2nd quarter worth approximately $599,000.

About Semtech

Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and technology company that designs and supplies analog and mixed-signal products. Its solutions are used to manage, protect, connect and process electronic signals in infrastructure, data centers, industrial systems, automotive applications, consumer devices and communications equipment.

The company’s portfolio includes signal-integrity and connectivity products, power-management and protection devices, wireless and radio-frequency solutions, and specialized semiconductors.