Semtech (NASDAQ:SMTC) CFO Mark Lin Sells 9,186 Shares

Semtech Corporation (NASDAQ:SMTC) CFO Mark Lin sold 9,186 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $75.05, for a total transaction of $689,409.30. Following the completion of the sale, the chief financial officer owned 32,710 shares in the company, valued at $2,454,885.50. This represents a 21.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, March 11th, Mark Lin sold 3,908 shares of Semtech stock. The shares were sold at an average price of $87.24, for a total transaction of $340,933.92.
• On Tuesday, March 10th, Mark Lin sold 2,734 shares of Semtech stock. The shares were sold at an average price of $85.27, for a total transaction of $233,128.18.
• On Friday, March 6th, Mark Lin sold 6,582 shares of Semtech stock. The stock was sold at an average price of $83.75, for a total transaction of $551,242.50.
• On Monday, January 5th, Mark Lin sold 1,333 shares of Semtech stock. The stock was sold at an average price of $76.20, for a total value of $101,574.60.

Semtech Price Performance

NASDAQ:SMTC opened at $80.04 on Thursday. Semtech Corporation has a 52-week low of $24.05 and a 52-week high of $96.46. The stock has a fifty day moving average of $84.09 and a 200 day moving average of $74.87. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.67 and a current ratio of 2.37. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of -181.91 and a beta of 1.99.

Semtech (NASDAQ:SMTC) last announced its earnings results on Monday, March 16th. The semiconductor company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Semtech had a positive return on equity of 18.09% and a negative net margin of 3.86%.The business had revenue of $274.40 million for the quarter, compared to analyst estimates of $273.14 million. During the same period in the prior year, the company earned $0.40 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, research analysts expect that Semtech Corporation will post -0.02 EPS for the current fiscal year.

Institutional Trading of Semtech

A number of hedge funds have recently bought and sold shares of the company. Think Investments LP purchased a new stake in Semtech in the third quarter worth approximately $58,618,000. Ameriprise Financial Inc. raised its stake in shares of Semtech by 10.3% during the second quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock worth $321,040,000 after acquiring an additional 666,456 shares in the last quarter. Atreides Management LP purchased a new position in shares of Semtech during the second quarter worth approximately $29,880,000. Westfield Capital Management Co. LP boosted its stake in shares of Semtech by 23.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,380,373 shares of the semiconductor company’s stock valued at $241,528,000 after purchasing an additional 633,113 shares in the last quarter. Finally, Hood River Capital Management LLC boosted its stake in shares of Semtech by 36.0% in the 2nd quarter. Hood River Capital Management LLC now owns 2,244,631 shares of the semiconductor company’s stock valued at $101,323,000 after purchasing an additional 594,529 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of Semtech from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Tuesday, March 17th. TD Cowen reissued a “buy” rating on shares of Semtech in a report on Tuesday, February 24th. Susquehanna raised their price objective on shares of Semtech from $90.00 to $100.00 and gave the company a “positive” rating in a research report on Monday, March 9th. Oppenheimer lifted their price objective on shares of Semtech from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Finally, Weiss Ratings lowered shares of Semtech from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday. Fourteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.14.

Semtech News Summary

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Semtech announced the TDS5311P SurgeSwitch®, billed as the industry’s first circuit-protection device that delivers near-constant clamping voltage for USB Power Delivery Extended Power Range (EPR) at 48V — a product that can broaden addressable markets in data-center and high-power USB applications and supports the company’s growth narrative. Semtech SurgeSwitch Tackles the USB-PD VBus Protection Gap at 53 V
• Positive Sentiment: Coverage highlighting Semtech’s positioning in AI data-center networking and IoT growth is reinforcing a bullish narrative that revenue mix could shift toward higher-growth end markets. That thematic coverage can lift investor expectations for revenue expansion and margin leverage. How The Semtech (SMTC) Story Is Shifting With AI Data Centers And IoT Growth Targets
• Positive Sentiment: Zacks published a bullish note framing SMTC as a strong growth stock using its style scores, which can attract momentum and retail/quant interest. Here’s Why Semtech (SMTC) is a Strong Growth Stock
• Neutral Sentiment: Several short-interest data feeds show a reported large increase but list “0 shares” (and NaN changes), producing a days-to-cover of 0.0 — this appears to be a reporting/data anomaly rather than a meaningful change in short activity. Investors should treat those figures cautiously until corrected filings appear.
• Negative Sentiment: CFO Mark Lin sold 9,186 shares on March 24 at an average price of $75.05 (≈$689k), reducing his holding by ~21.9%. Insider selling of this size can be interpreted negatively by some investors, even though insiders still retain a position. See the SEC filing for details. SEC Form 4 – Mark Lin

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.