Semtech (NASDAQ:SMTC) Director Saar Gillai Sells 3,600 Shares

Semtech Corporation (NASDAQ:SMTC) Director Saar Gillai sold 3,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $75.26, for a total transaction of $270,936.00. Following the transaction, the director owned 9,523 shares in the company, valued at $716,700.98. This represents a 27.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Semtech Price Performance

NASDAQ:SMTC opened at $77.79 on Friday. Semtech Corporation has a 52-week low of $24.05 and a 52-week high of $81.32. The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.87. The firm has a market cap of $7.20 billion, a P/E ratio of 250.94 and a beta of 2.01. The business’s 50-day moving average price is $72.54 and its 200 day moving average price is $62.63.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on SMTC. Cowen started coverage on shares of Semtech in a research note on Tuesday, September 30th. They issued a “buy” rating on the stock. B. Riley lifted their price objective on shares of Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Morgan Stanley set a $67.00 price objective on shares of Semtech in a report on Tuesday, November 25th. Benchmark boosted their price target on Semtech from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Finally, Robert W. Baird upped their price target on Semtech from $70.00 to $88.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.50.

Hedge Funds Weigh In On Semtech

Several large investors have recently bought and sold shares of the stock. Bessemer Group Inc. lifted its stake in shares of Semtech by 78.4% in the second quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 287 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Semtech in the 2nd quarter worth approximately $33,000. Hantz Financial Services Inc. grew its holdings in shares of Semtech by 243.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 360 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in shares of Semtech during the third quarter valued at approximately $41,000. Finally, AlphaQuest LLC lifted its position in Semtech by 42.5% in the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 173 shares during the period.

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.