Insider Selling: Semtech (NASDAQ:SMTC) CFO Sells 967 Shares of Stock

Semtech Corporation (NASDAQ:SMTC) CFO Mark Lin sold 967 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $178.87, for a total value of $172,967.29. Following the transaction, the chief financial officer directly owned 35,999 shares of the company’s stock, valued at $6,439,141.13. This represents a 2.62% decrease in their ownership of the stock. 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 Thursday, September 10th, Mark Lin sold 683 shares of Semtech stock. The shares were sold at an average price of $159.90, for a total value of $109,211.70.

Semtech Stock Down 1.1%

NASDAQ SMTC traded down $2.05 during trading on Monday, hitting $192.83. The stock had a trading volume of 1,855,665 shares, compared to its average volume of 2,817,000. Semtech Corporation has a 12 month low of $60.28 and a 12 month high of $201.99. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.31 and a current ratio of 1.70. The company’s 50-day moving average price is $146.40 and its two-hundred day moving average price is $132.76. The company has a market capitalization of $18.00 billion, a PE ratio of 127.70 and a beta of 2.41.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SMTC. Cim Investment Management Inc. acquired a new stake in Semtech in the 2nd quarter valued at about $319,000. SkyView Investment Advisors LLC acquired a new position in Semtech during the second quarter worth approximately $283,000. Sequoia Financial Advisors LLC bought a new stake in Semtech in the second quarter valued at approximately $374,000. Tidal Investments LLC acquired a new stake in shares of Semtech in the second quarter valued at approximately $22,728,000. Finally, IPG Investment Advisors LLC acquired a new stake in shares of Semtech in the second quarter valued at approximately $296,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of Semtech from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. TD Cowen upped their target price on Semtech from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Stifel Nicolaus increased their price target on Semtech from $188.00 to $220.00 and gave the company a “buy” rating in a research report on Monday. Wall Street Zen upgraded Semtech from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 29th. Finally, Seaport Research Partners assumed coverage on Semtech in a research report on Tuesday, September 22nd. They set a “buy” rating and a $200.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $208.06.

Semtech Company Profile

Semtech Corporation is a global semiconductor and technology company that designs and supplies analog and mixed-signal products for communications, industrial, automotive, consumer, and infrastructure applications. Its solutions are used to manage, protect, connect, and transmit data in electronic systems.

The company’s portfolio includes signal-integrity products, protection devices, power-management components, optical and high-speed connectivity solutions, and video-processing technologies.