Insider Selling: Semtech (NASDAQ:SMTC) Director Sells $35,805.00 in Stock

Semtech Corporation (NASDAQ:SMTC) Director Paul Walsh, Jr. sold 500 shares of Semtech stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $71.61, for a total transaction of $35,805.00. Following the sale, the director directly owned 25,779 shares in the company, valued at approximately $1,846,034.19. This trade represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Semtech Price Performance

Shares of NASDAQ:SMTC traded up $1.96 during midday trading on Friday, hitting $72.97. The company’s stock had a trading volume of 2,337,807 shares, compared to its average volume of 2,209,007. The company has a market cap of $6.75 billion, a P/E ratio of 235.39 and a beta of 2.01. Semtech Corporation has a 12-month low of $24.05 and a 12-month high of $81.32. The business’s 50 day simple moving average is $70.35 and its 200 day simple moving average is $58.74. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings data on Monday, November 24th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The company had revenue of $266.97 million during the quarter, compared to analysts’ expectations of $266.36 million. During the same quarter in the prior year, the company earned $0.26 EPS. Semtech’s revenue was up 12.8% compared to the same quarter last year. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. On average, analysts forecast that Semtech Corporation will post -0.02 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Cowen initiated coverage on Semtech in a research note on Tuesday, September 30th. They set a “buy” rating on the stock. Benchmark boosted their price target on shares of Semtech from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. UBS Group reissued a “buy” rating on shares of Semtech in a report on Tuesday, November 25th. Piper Sandler reaffirmed an “overweight” rating and set a $95.00 target price (up from $70.00) on shares of Semtech in a research note on Thursday, December 11th. Finally, Wall Street Zen lowered shares of Semtech from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 13th. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $78.50.

Institutional Trading of Semtech

Several institutional investors have recently added to or reduced their stakes in the stock. Swiss Life Asset Management Ltd acquired a new position in Semtech during the third quarter worth $288,000. JPMorgan Chase & Co. grew its stake in shares of Semtech by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 849,769 shares of the semiconductor company’s stock valued at $60,716,000 after buying an additional 88,114 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Semtech in the 3rd quarter valued at $664,000. Danske Bank A S acquired a new position in Semtech during the 3rd quarter worth about $952,000. Finally, Hancock Whitney Corp purchased a new position in Semtech during the 3rd quarter valued at about $493,000.

Semtech Company Profile

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.