Semtech (NASDAQ:SMTC) Stock Price Down 5% – Time to Sell?

Semtech Corporation (NASDAQ:SMTC)’s share price was down 5% during mid-day trading on Wednesday . The company traded as low as $154.00 and last traded at $153.4610. Approximately 1,061,897 shares changed hands during trading, a decline of 56% from the average daily volume of 2,415,624 shares. The stock had previously closed at $161.59.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SMTC shares. Roth Mkm upped their target price on Semtech from $102.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Northland Securities cut Semtech from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 26th. UBS Group upped their target price on Semtech from $165.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Oppenheimer set a $200.00 target price on Semtech in a research report on Wednesday, May 27th. Finally, Susquehanna increased their price objective on Semtech from $170.00 to $200.00 and gave the company a “positive” 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $179.73.

Semtech Stock Down 5.5%

The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $14.22 billion, a P/E ratio of -392.01 and a beta of 2.32. The firm has a 50-day moving average price of $128.96 and a two-hundred day moving average price of $97.34.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $283.53 million. During the same period in the prior year, the business earned $0.38 earnings per share. 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. Equities research analysts anticipate that Semtech Corporation will post 1.81 EPS for the current fiscal year.

Insider Transactions at Semtech

In related news, Director Paul V. Walsh, Jr. sold 500 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $138.21, for a total value of $69,105.00. Following the completion of the transaction, the director directly owned 23,279 shares of the company’s stock, valued at $3,217,390.59. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark Lin sold 9,186 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $75.05, for a total value of $689,409.30. Following the completion of the transaction, the chief financial officer directly owned 32,710 shares of the company’s stock, valued at approximately $2,454,885.50. This trade represents a 21.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 25,160 shares of company stock valued at $2,227,705 over the last 90 days. Corporate insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Banque Cantonale Vaudoise bought a new position in Semtech in the first quarter worth $33,000. Jones Financial Companies Lllp lifted its position in Semtech by 65.5% in the third quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 235 shares during the period. Assetmark Inc. lifted its position in Semtech by 1,745.5% in the third quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 576 shares during the period. IFP Advisors Inc bought a new position in Semtech in the fourth quarter worth $53,000. Finally, Huntington National Bank lifted its position in Semtech by 151.3% in the third quarter. Huntington National Bank now owns 749 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 451 shares during the period.

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.