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

Semtech Corporation (NASDAQ:SMTC) Director Paul Walsh, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $80.87, for a total value of $40,435.00. Following the transaction, the director owned 24,279 shares of the company’s stock, valued at $1,963,442.73. This represents a 2.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Semtech Stock Down 6.1%

Shares of SMTC opened at $73.60 on Friday. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of -167.27 and a beta of 1.99. Semtech Corporation has a 1 year low of $24.05 and a 1 year high of $96.46. The business’s 50 day simple moving average is $84.00 and its 200-day simple moving average is $74.48. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.37 and a quick ratio of 1.71.

Semtech (NASDAQ:SMTC) last posted its earnings results on Monday, March 16th. The semiconductor company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Semtech had a negative net margin of 3.86% and a positive return on equity of 18.09%. The firm had revenue of $274.40 million during the quarter, compared to analyst estimates of $273.14 million. During the same period last year, the firm posted $0.40 earnings per share. Semtech’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities analysts expect that Semtech Corporation will post -0.02 earnings per share for the current fiscal year.

Semtech News Roundup

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Multiple brokerage firms issued bullish signals (price‑target increases, buy reaffirmations and forecasts for upside), supporting longer‑term upside expectations. Craig-Hallum Raises PT on Semtech (SMTC) Stock
• Positive Sentiment: Benchmark reiterated a Buy rating, which may sustain investor interest and provide support after recent gains. Benchmark Reaffirms Buy Rating for Semtech (NASDAQ:SMTC)
• Positive Sentiment: Needham published a bullish forecast indicating strong price appreciation, reinforcing momentum narratives for SMTC. Needham & Company LLC Forecasts Strong Price Appreciation for Semtech (NASDAQ:SMTC) Stock
• Positive Sentiment: Analysts at Robert W. Baird and Stifel Nicolaus also flagged upside potential, adding to the wave of bullish research notes. Semtech (NASDAQ:SMTC) Stock Price Expected to Rise, Robert W. Baird Analyst Says Semtech (NASDAQ:SMTC) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says
• Positive Sentiment: Unusually high call‑option volume indicates short‑term bullish positioning by traders, which could support a rebound if sentiment stays positive. Investors Purchase High Volume of Call Options on Semtech (NASDAQ:SMTC)
• Neutral Sentiment: A broader analyst roundup discussed Semtech alongside other tech names; useful context but no single new catalyst emerged from that piece. Analysts Offer Insights on Technology Companies: Semtech (SMTC), ARM …
• Negative Sentiment: Insider selling: director Paul V. Walsh Jr. sold 500 shares (small dollar amount relative to his holdings), which can be read as modest profit‑taking and may add to near‑term selling pressure. SEC filing: Director Paul V. Walsh, Jr. sold 500 shares

Wall Street Analyst Weigh In

Several research firms recently commented on SMTC. Oppenheimer lifted their price target on Semtech from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday. B. Riley Financial raised their price objective on Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Piper Sandler reiterated an “overweight” rating and issued a $95.00 target price (up from $70.00) on shares of Semtech in a report on Thursday, December 11th. TD Cowen reissued a “buy” rating on shares of Semtech in a research report on Tuesday, February 24th. Finally, Wall Street Zen lowered Semtech from a “strong-buy” rating to a “buy” rating in a report on Monday, January 26th. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.14.

Institutional Investors Weigh In On Semtech

A number of institutional investors and hedge funds have recently modified their holdings of the business. Hantz Financial Services Inc. boosted its holdings in Semtech by 243.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 360 shares during the period. Salomon & Ludwin LLC purchased a new stake in Semtech in the third quarter worth $41,000. AlphaQuest LLC lifted its position in shares of Semtech by 42.5% during the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 173 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Semtech by 65.5% during the third quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 235 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Semtech by 1,745.5% during the third quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 576 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.