Paul Walsh, Jr. Sells 500 Shares of Semtech (NASDAQ:SMTC) Stock

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

Semtech Stock Up 2.8%

Shares of NASDAQ SMTC traded up $1.96 during mid-day trading on Friday, hitting $72.97. The company had a trading volume of 2,337,807 shares, compared to its average volume of 2,209,007. The company has a market capitalization of $6.75 billion, a PE ratio of 235.39 and a beta of 2.01. The business’s 50-day simple moving average is $70.35 and its 200 day simple moving average is $58.74. Semtech Corporation has a 1-year low of $24.05 and a 1-year high of $81.32. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.43 and a quick ratio of 1.71.

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

Analysts Set New Price Targets

Several research firms have commented on SMTC. Summit Insights upgraded shares of Semtech from a “hold” rating to a “buy” rating in a report on Tuesday, November 25th. Wall Street Zen downgraded shares of Semtech from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. Benchmark increased their target price on Semtech from $76.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Morgan Stanley set a $67.00 price target on Semtech in a report on Tuesday, November 25th. Finally, TD Cowen assumed coverage on Semtech in a report on Wednesday, October 1st. They issued a “buy” rating and a $75.00 price objective on the stock. Fifteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $78.50.

Institutional Inflows and Outflows

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