Semtech (NASDAQ:SMTC) Director Paul Walsh, Jr. Sells 500 Shares

Semtech Corporation (NASDAQ:SMTC) Director Paul Walsh, Jr. sold 500 shares of Semtech stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $78.25, for a total value of $39,125.00. Following the sale, the director directly owned 25,279 shares of the company’s stock, valued at approximately $1,978,081.75. This trade represents a 1.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Semtech Stock Performance

Shares of NASDAQ SMTC opened at $80.52 on Friday. The stock’s 50-day moving average is $74.28 and its 200 day moving average is $64.96. The stock has a market cap of $7.45 billion, a price-to-earnings ratio of 259.74 and a beta of 2.01. Semtech Corporation has a 1-year low of $24.05 and a 1-year high of $83.80. 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 issued its earnings results on Monday, November 24th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $266.97 million during the quarter, compared to analyst estimates of $266.36 million. Semtech had a return on equity of 17.00% and a net margin of 2.77%.Semtech’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. On average, sell-side analysts anticipate that Semtech Corporation will post -0.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $80.00 price target on shares of Semtech in a research report on Tuesday, November 25th. Wall Street Zen raised Semtech from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 18th. TD Cowen began coverage on Semtech in a research report on Wednesday, October 1st. They set a “buy” rating and a $75.00 price target on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $81.00 price target on shares of Semtech in a research note on Tuesday, November 25th. Finally, Stifel Nicolaus increased their price objective on Semtech from $80.00 to $90.00 and gave the company a “buy” rating in a research note 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.21.

Institutional Trading of Semtech

Large investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB bought a new position in Semtech in the second quarter worth about $4,230,000. EFG Asset Management North America Corp. boosted its position in Semtech by 15.6% during the 2nd quarter. EFG Asset Management North America Corp. now owns 94,872 shares of the semiconductor company’s stock valued at $4,282,000 after acquiring an additional 12,796 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Semtech during the 3rd quarter worth approximately $9,160,000. LMR Partners LLP raised its position in shares of Semtech by 70.0% in the 2nd quarter. LMR Partners LLP now owns 425,000 shares of the semiconductor company’s stock worth $19,184,000 after acquiring an additional 175,000 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Semtech by 304.6% in the 3rd quarter. SG Americas Securities LLC now owns 63,991 shares of the semiconductor company’s stock valued at $4,572,000 after purchasing an additional 48,175 shares during the period.

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.