Insider Selling: Semtech (NASDAQ:SMTC) COO Sells 5,000 Shares of Stock

Semtech Corporation (NASDAQ:SMTC) COO Asaf Silberstein sold 5,000 shares of the stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $83.00, for a total transaction of $415,000.00. Following the sale, the chief operating officer owned 88,496 shares of the company’s stock, valued at $7,345,168. This trade represents a 5.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Semtech Price Performance

Semtech stock traded up $0.65 during trading hours on Monday, hitting $81.17. 971,886 shares of the stock were exchanged, compared to its average volume of 1,370,604. The stock has a market capitalization of $7.51 billion, a P/E ratio of 261.84 and a beta of 2.01. The business’s 50-day moving average is $74.28 and its two-hundred day moving average is $65.22. 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 12 month low of $24.05 and a 12 month high of $83.80.

Semtech (NASDAQ:SMTC) last announced its earnings results on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. Semtech had a return on equity of 17.00% and a net margin of 2.77%.The business had revenue of $266.97 million for the quarter, compared to the consensus estimate of $266.36 million. During the same period in the previous year, the business earned $0.26 EPS. Semtech’s revenue was up 12.8% compared to the same quarter last year. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. Equities research analysts expect that Semtech Corporation will post -0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SMTC. Wall Street Zen cut Semtech from a “strong-buy” rating to a “buy” rating in a report on Monday. UBS Group reaffirmed a “buy” rating on shares of Semtech in a research note on Tuesday, November 25th. Needham & Company LLC reiterated a “buy” rating and set a $80.00 target price on shares of Semtech in a research report on Tuesday, November 25th. Benchmark raised their price target on shares of Semtech from $76.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Finally, Susquehanna boosted their price objective on shares of Semtech from $65.00 to $80.00 and gave the stock a “positive” rating in a research report on Tuesday, November 18th. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.21.

Hedge Funds Weigh In On Semtech

A number of large investors have recently added to or reduced their stakes in SMTC. Oak Ridge Investments LLC raised its position in Semtech by 31.8% during the fourth quarter. Oak Ridge Investments LLC now owns 42,899 shares of the semiconductor company’s stock worth $3,161,000 after acquiring an additional 10,351 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Semtech by 1,382.4% in the 4th quarter. Assetmark Inc. now owns 9,028 shares of the semiconductor company’s stock valued at $665,000 after purchasing an additional 8,419 shares during the period. State of Alaska Department of Revenue lifted its stake in Semtech by 1.2% in the 4th quarter. State of Alaska Department of Revenue now owns 48,326 shares of the semiconductor company’s stock valued at $3,560,000 after purchasing an additional 590 shares during the last quarter. Sound Income Strategies LLC bought a new position in Semtech during the fourth quarter worth about $60,000. Finally, JB Capital LLC increased its position in Semtech by 5.8% during the fourth quarter. JB Capital LLC now owns 67,084 shares of the semiconductor company’s stock worth $4,943,000 after buying an additional 3,701 shares during 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.