Insider Selling: Semtech (NASDAQ:SMTC) Director Sells 500 Shares of Stock

Posted by Brian Himes on Oct 23rd, 2026

Semtech Corporation (NASDAQ:SMTC – Get Free Report) Director Paul Walsh, Jr. sold 500 shares of the business’s stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of $139.44, for a total value of $69,720.00. Following the transaction, the director owned 26,100 shares of the company’s stock, valued at approximately $3,639,384. The trade was a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Semtech Price Performance

Shares of NASDAQ:SMTC traded up $6.88 on Friday, hitting $132.00. The company’s stock had a trading volume of 2,939,389 shares, compared to its average volume of 2,888,444. The company has a 50-day simple moving average of $157.15 and a 200 day simple moving average of $141.26. Semtech Corporation has a 1 year low of $60.28 and a 1 year high of $201.99. The company has a market capitalization of $12.32 billion, a PE ratio of 87.42 and a beta of 2.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.31.

Semtech (NASDAQ:SMTC – Get Free Report) last issued its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.61 by $0.10. The company 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%. Semtech’s revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 earnings per share. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Sell-side analysts forecast that Semtech Corporation will post 2.80 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on SMTC shares. Robert W. Baird raised their price objective on shares of Semtech from $225.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. TD Cowen reiterated a “buy” rating and issued a $215.00 target price on shares of Semtech in a research report on Friday, October 16th. Northland Securities upgraded Semtech from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a research report on Friday, October 16th. Seaport Research Partners assumed coverage on Semtech in a research note on Tuesday, September 22nd. They set a “buy” rating and a $200.00 price target for the company. Finally, Wall Street Zen raised Semtech from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $213.11.

View Our Latest Stock Report on SMTC

Hedge Funds Weigh In On Semtech

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Semtech in the second quarter worth $1,577,947,000. ABS Investment Management LLC bought a new position in shares of Semtech during the second quarter valued at about $178,035,000. Andar Capital Management HK Ltd bought a new position in shares of Semtech during the second quarter valued at about $162,000,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Semtech by 396.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,125 shares of the semiconductor company’s stock valued at $136,298,000 after buying an additional 672,447 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Semtech by 56.3% in the third quarter. Assenagon Asset Management S.A. now owns 546,422 shares of the semiconductor company’s stock worth $97,454,000 after buying an additional 196,734 shares during the period.

About Semtech

(Get Free Report)

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.