Hong Hou Sells 2,000 Shares of Semtech (NASDAQ:SMTC) Stock

Semtech Corporation (NASDAQ:SMTC – Get Free Report) CEO Hong Hou sold 2,000 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $162.10, for a total transaction of $324,200.00. Following the completion of the transaction, the chief executive officer owned 69,228 shares in the company, valued at approximately $11,221,858.80. The trade was a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Semtech Trading Down 2.1%

NASDAQ SMTC opened at $154.28 on Thursday. The company has a current ratio of 2.37, a quick ratio of 1.62 and a debt-to-equity ratio of 0.86. Semtech Corporation has a 12 month low of $39.07 and a 12 month high of $172.35. The company’s 50-day moving average price is $122.08 and its 200-day moving average price is $94.61. The stock has a market cap of $14.37 billion, a PE ratio of -395.59 and a beta of 2.32.

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Semtech (NASDAQ:SMTC – Get Free Report) last released its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The business had revenue of $291.02 million for the quarter, compared to analysts’ expectations of $283.53 million. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business earned $0.38 EPS. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Equities research analysts forecast that Semtech Corporation will post 1.81 earnings per share for the current year.

Hedge Funds Weigh In On Semtech

Institutional investors have recently bought and sold shares of the business. Banque Cantonale Vaudoise purchased a new position in Semtech during the 1st quarter worth approximately $33,000. Hantz Financial Services Inc. raised its position in Semtech by 243.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock worth $36,000 after buying an additional 360 shares during the last quarter. AlphaQuest LLC raised its position in Semtech by 42.5% during the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after buying an additional 173 shares during the last quarter. Jones Financial Companies Lllp raised its position in Semtech by 65.5% during the 3rd 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 last quarter. Finally, Assetmark Inc. raised its position in Semtech by 1,745.5% during the 3rd quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock worth $44,000 after buying an additional 576 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Northland Securities lowered shares of Semtech from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 26th. Stifel Nicolaus increased their price objective on shares of Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Mizuho set a $225.00 price objective on shares of Semtech in a research report on Wednesday, May 27th. Weiss Ratings lowered shares of Semtech from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, March 24th. Finally, UBS Group increased their price objective on shares of Semtech from $165.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Thirteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $179.73.

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About Semtech

(Get Free Report)

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.

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