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

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

Semtech Trading Up 0.5%

Semtech stock traded up $0.40 during trading on Friday, reaching $80.52. 1,398,530 shares of the company were exchanged, compared to its average volume of 1,418,069. Semtech Corporation has a 52-week low of $24.05 and a 52-week high of $83.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.43 and a quick ratio of 1.71. The stock’s 50 day simple moving average is $73.98 and its two-hundred day simple moving average is $64.70. The company has a market capitalization of $7.45 billion, a P/E ratio of 259.74 and a beta of 2.01.

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

Institutional Trading of Semtech

A number of institutional investors have recently bought and sold shares of SMTC. Journey Strategic Wealth LLC lifted its position in Semtech by 3.2% in the third quarter. Journey Strategic Wealth LLC now owns 5,074 shares of the semiconductor company’s stock valued at $363,000 after acquiring an additional 159 shares during the last quarter. AlphaQuest LLC boosted its position in shares of Semtech by 42.5% in the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 173 shares during the period. Archer Investment Corp grew its stake in Semtech by 10.8% during the 2nd quarter. Archer Investment Corp now owns 2,050 shares of the semiconductor company’s stock worth $93,000 after buying an additional 200 shares during the last quarter. Amalgamated Bank grew its stake in Semtech by 0.9% during the 2nd quarter. Amalgamated Bank now owns 24,229 shares of the semiconductor company’s stock worth $1,094,000 after buying an additional 214 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in 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 buying an additional 235 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SMTC shares. Needham & Company LLC reissued a “buy” rating and issued a $80.00 price target on shares of Semtech in a research note on Tuesday, November 25th. Oppenheimer restated an “outperform” rating and set a $81.00 price target on shares of Semtech in a research report on Tuesday, November 25th. Morgan Stanley set a $67.00 price objective on Semtech in a research note on Tuesday, November 25th. B. Riley raised their target price on Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Finally, TD Cowen began coverage on shares of Semtech in a research report on Wednesday, October 1st. They set a “buy” rating and a $75.00 price target on the stock. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.21.

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.