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

Semtech Corporation (NASDAQ:SMTC) Director Paul Walsh, Jr. sold 500 shares of the company’s stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $139.44, for a total transaction of $69,720.00. Following the transaction, the director owned 26,100 shares of the company’s stock, valued at $3,639,384. This trade represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Semtech Trading Up 5.5%

Shares of NASDAQ SMTC opened at $132.00 on Friday. The firm has a 50 day moving average price of $156.98 and a two-hundred day moving average price of $141.20. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.31 and a current ratio of 1.70. The stock has a market cap of $12.32 billion, a P/E ratio of 87.42 and a beta of 2.41. Semtech Corporation has a 52-week low of $60.28 and a 52-week high of $201.99.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.10. The firm had revenue of $341.87 million during the quarter, compared to analyst estimates of $328.67 million. Semtech had a return on equity of 21.74% and a net margin of 13.11%. The business’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. As a group, equities analysts forecast that Semtech Corporation will post 2.80 EPS for the current year.

Institutional Investors Weigh In On Semtech

Large investors have recently bought and sold shares of the company. ABS Investment Management LLC acquired a new position in Semtech in the second quarter valued at approximately $178,035,000. FNY Investment Advisers LLC boosted its stake in Semtech by 900.0% during the second quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock worth $32,000 after buying an additional 180 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Semtech during the 2nd quarter valued at about $32,000. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Semtech during the third quarter worth $53,000. Finally, Allworth Financial LP acquired a new position in shares of Semtech during the second quarter worth $55,000.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SMTC. DA Davidson set a $230.00 target price on shares of Semtech in a research report on Friday, October 16th. Morgan Stanley set a $205.00 price target on shares of Semtech in a report on Friday, October 16th. Stifel Nicolaus decreased their target price on shares of Semtech from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, October 16th. Northland Securities upgraded shares of Semtech from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a research note on Friday, October 16th. Finally, Oppenheimer increased their price target on shares of Semtech from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $213.11.

Semtech Company Profile

Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and infrastructure technology company that develops analog and mixed-signal products for communications, industrial, data center, consumer, and automotive applications. Its portfolio is designed to improve connectivity, power efficiency, signal integrity, and protection in electronic systems.

The company’s products include high-speed connectivity solutions for data centers and communications networks, power management and protection devices, signal integrity components, and wireless and radio-frequency technologies.