Semtech (NASDAQ:SMTC) CEO Hong Hou Sells 2,000 Shares of Stock

Semtech Corporation (NASDAQ:SMTC) CEO Hong Hou sold 2,000 shares of the company’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $133.00, for a total transaction of $266,000.00. Following the completion of the transaction, the chief executive officer owned 64,799 shares in the company, valued at approximately $8,618,267. This trade represents a 2.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Semtech Stock Performance

Semtech stock traded up $9.21 during trading hours on Tuesday, hitting $141.36. The company had a trading volume of 3,167,001 shares, compared to its average volume of 2,747,299. The firm has a 50-day moving average of $148.40 and a 200 day moving average of $107.12. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.37 and a quick ratio of 1.62. The firm has a market cap of $13.17 billion, a PE ratio of -362.46 and a beta of 2.31. Semtech Corporation has a one year low of $46.02 and a one year high of $177.35.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $283.53 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The business’s revenue was up 15.9% on a year-over-year basis. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. On average, sell-side analysts expect that Semtech Corporation will post 1.81 earnings per share for the current year.

Hedge Funds Weigh In On Semtech

Institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its stake in shares of Semtech by 12,214.3% during the first quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock worth $89,000 after buying an additional 2,565 shares during the last quarter. Empowered Funds LLC increased its holdings in Semtech by 11.5% in the 1st quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock worth $323,000 after purchasing an additional 968 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Semtech by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company’s stock valued at $14,166,000 after purchasing an additional 22,629 shares during the last quarter. Strs Ohio bought a new stake in shares of Semtech during the first quarter worth about $65,000. Finally, Cetera Investment Advisers acquired a new position in shares of Semtech in the second quarter valued at approximately $226,000.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Northland Securities lowered shares of Semtech from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 26th. Zacks Research upgraded Semtech from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Mizuho set a $225.00 price target on Semtech in a research report on Wednesday, May 27th. B. Riley Financial raised their price objective on Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Finally, Stifel Nicolaus lifted their price objective on Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.07.

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.