Semtech Corporation (NASDAQ:SMTC – Get Free Report) Director Julie Ruehl sold 1,500 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $145.00, for a total value of $217,500.00. Following the completion of the transaction, the director owned 7,140 shares of the company’s stock, valued at $1,035,300. The trade was a 17.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Semtech Price Performance
NASDAQ:SMTC opened at $159.13 on Friday. Semtech Corporation has a 52 week low of $57.50 and a 52 week high of $177.35. The company has a quick ratio of 1.31, a current ratio of 1.70 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $14.85 billion, a P/E ratio of 105.38 and a beta of 2.35. The stock’s fifty day moving average is $133.22 and its two-hundred day moving average is $123.06.
Semtech (NASDAQ:SMTC – Get Free Report) last announced its quarterly earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.61 by $0.10. The business had revenue of $341.87 million for 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 company’s quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 EPS. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Equities analysts expect that Semtech Corporation will post 2.64 EPS for the current year.
Wall Street Analyst Weigh In
Get Our Latest Stock Report on SMTC
Institutional Investors Weigh In On Semtech
Several large investors have recently added to or reduced their stakes in the business. Royce & Associates LP boosted its holdings in Semtech by 144.5% in the fourth quarter. Royce & Associates LP now owns 107,617 shares of the semiconductor company’s stock valued at $7,930,000 after purchasing an additional 63,603 shares during the period. Argos Wealth Advisors LLC purchased a new stake in Semtech during the 4th quarter worth about $640,000. Geode Capital Management LLC raised its position in Semtech by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 2,099,033 shares of the semiconductor company’s stock valued at $154,704,000 after purchasing an additional 6,715 shares in the last quarter. Swiss National Bank raised its position in Semtech by 6.9% in the 1st quarter. Swiss National Bank now owns 183,000 shares of the semiconductor company’s stock valued at $14,071,000 after purchasing an additional 11,800 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new position in shares of Semtech in the 2nd quarter valued at about $9,783,000.
About Semtech
Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and technology company that designs and supplies analog and mixed-signal products. Its solutions are used to manage, protect, connect and process electronic signals in infrastructure, data centers, industrial systems, automotive applications, consumer devices and communications equipment.
The company’s portfolio includes signal-integrity and connectivity products, power-management and protection devices, wireless and radio-frequency solutions, and specialized semiconductors.
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