Insider Selling: Semtech (NASDAQ:SMTC) CFO Sells $109,211.70 in Stock

Semtech Corporation (NASDAQ:SMTC) CFO Mark Lin sold 683 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $159.90, for a total transaction of $109,211.70. Following the completion of the transaction, the chief financial officer owned 35,366 shares in the company, valued at approximately $5,655,023.40. The trade was a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Lin also recently made the following trade(s):

• On Wednesday, July 1st, Mark Lin sold 970 shares of Semtech stock. The shares were sold at an average price of $150.41, for a total transaction of $145,897.70.

Semtech Stock Performance

Shares of Semtech stock opened at $167.55 on Thursday. The business has a 50-day moving average price of $135.29 and a two-hundred day moving average price of $124.98. Semtech Corporation has a 1-year low of $57.50 and a 1-year high of $177.35. The company has a current ratio of 1.70, a quick ratio of 1.31 and a debt-to-equity ratio of 0.47. The company has a market cap of $15.64 billion, a P/E ratio of 110.96 and a beta of 2.35.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. Semtech had a return on equity of 21.74% and a net margin of 13.11%.The company had revenue of $341.87 million for the quarter, compared to the consensus estimate of $328.67 million. During the same period in the previous year, the business earned $0.41 EPS. The firm’s revenue was up 32.7% compared to the same quarter last year. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. As a group, analysts anticipate that Semtech Corporation will post 2.64 EPS for the current year.

Institutional Investors Weigh In On Semtech

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Semtech in the 2nd quarter worth $1,577,947,000. ABS Investment Management LLC bought a new stake in Semtech during the 2nd quarter valued at $178,035,000. Andar Capital Management HK Ltd bought a new stake in Semtech during the 2nd quarter valued at $162,000,000. Geode Capital Management LLC raised its holdings in Semtech by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 2,099,033 shares of the semiconductor company’s stock worth $154,704,000 after buying an additional 6,715 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in 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 worth $136,298,000 after buying an additional 672,447 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SMTC shares. Craig Hallum raised their price objective on shares of Semtech from $105.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Stifel Nicolaus lifted their price objective on shares of Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. B. Riley Financial boosted their target price on shares of Semtech from $165.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Morgan Stanley increased their target price on shares of Semtech from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 26th. Finally, Northland Securities upgraded shares of Semtech from a “market perform” rating to an “outperform” rating and set a $182.00 price target for the company in a report on Thursday, August 27th. Fifteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.71.

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.