Semtech (NASDAQ:SMTC) Director Gregory Michael Fischer Sells 1,034 Shares

Semtech Corporation (NASDAQ:SMTC) Director Gregory Michael Fischer sold 1,034 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $75.50, for a total value of $78,067.00. Following the sale, the director owned 2,857 shares in the company, valued at $215,703.50. The trade was a 26.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Semtech Stock Performance

Shares of NASDAQ:SMTC opened at $75.98 on Wednesday. The business has a fifty day moving average of $73.02 and a 200-day moving average of $63.35. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43. Semtech Corporation has a twelve month low of $24.05 and a twelve month high of $81.39. The firm has a market cap of $7.03 billion, a PE ratio of 245.10 and a beta of 2.01.

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

Hedge Funds Weigh In On Semtech

Institutional investors have recently modified their holdings of the stock. Sax Wealth Advisors LLC acquired a new stake in shares of Semtech in the 4th quarter valued at approximately $243,000. SG Americas Securities LLC grew its holdings in Semtech by 68.5% during the fourth quarter. SG Americas Securities LLC now owns 107,825 shares of the semiconductor company’s stock valued at $7,946,000 after purchasing an additional 43,834 shares during the period. Assenagon Asset Management S.A. increased its stake in Semtech by 852.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 184,630 shares of the semiconductor company’s stock valued at $13,605,000 after purchasing an additional 165,244 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Semtech by 17.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,856 shares of the semiconductor company’s stock worth $358,000 after purchasing an additional 705 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Semtech by 13.2% during the fourth quarter. GAMMA Investing LLC now owns 4,644 shares of the semiconductor company’s stock worth $342,000 after purchasing an additional 541 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SMTC. B. Riley increased their price objective on Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. UBS Group reaffirmed a “buy” rating on shares of Semtech in a research note on Tuesday, November 25th. Robert W. Baird lifted their price objective on Semtech from $70.00 to $88.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. TD Cowen began coverage on Semtech in a report on Wednesday, October 1st. They set a “buy” rating and a $75.00 price objective for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $95.00 target price (up previously from $70.00) on shares of Semtech in a research note on Thursday, December 11th. Fifteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

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.