Semtech Corporation (NASDAQ:SMTC – Get Free Report) insider John Michael Wilson sold 5,500 shares of Semtech stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $170.00, for a total value of $935,000.00. Following the completion of the transaction, the insider owned 80,876 shares of the company’s stock, valued at approximately $13,748,920. This trade represents a 6.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Semtech Price Performance
Shares of NASDAQ SMTC opened at $158.48 on Thursday. The stock’s 50-day moving average is $137.86 and its two-hundred day moving average is $100.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.37 and a quick ratio of 1.62. Semtech Corporation has a 1-year low of $42.38 and a 1-year high of $177.35. The company has a market cap of $14.76 billion, a price-to-earnings ratio of -406.36 and a beta of 2.32.
Semtech (NASDAQ:SMTC – Get Free Report) last posted its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The company had revenue of $291.02 million for the quarter, compared to analyst estimates of $283.53 million. During the same quarter last year, the company earned $0.38 EPS. Semtech’s revenue for the quarter was up 15.9% compared to the same quarter last year. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Analysts forecast that Semtech Corporation will post 1.81 EPS for the current fiscal year.
Institutional Trading of Semtech
Analyst Ratings Changes
Several research firms have commented on SMTC. Oppenheimer set a $200.00 price target on shares of Semtech in a report on Wednesday, May 27th. Morgan Stanley raised their price objective on shares of Semtech from $155.00 to $175.00 and gave the company an “equal weight” rating in a report on Wednesday, May 27th. Benchmark lifted their price objective on shares of Semtech from $120.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Semtech in a research note on Thursday, June 18th. Finally, UBS Group increased their target price on Semtech from $165.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.07.
Read Our Latest Research Report on SMTC
About Semtech
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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