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

Semtech Corporation (NASDAQ:SMTC) CEO Hong Hou sold 2,000 shares of the business’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $133.00, for a total value of $266,000.00. Following the completion of the sale, the chief executive officer directly owned 64,799 shares of the company’s stock, valued at $8,618,267. The trade was a 2.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Semtech Price Performance

Shares of NASDAQ:SMTC opened at $135.22 on Thursday. Semtech Corporation has a twelve month low of $46.02 and a twelve month high of $177.35. The stock’s 50 day moving average is $149.28 and its 200-day moving average is $108.00. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of -346.72 and a beta of 2.31.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. The business had revenue of $291.02 million during the quarter, compared to analyst estimates of $283.53 million. During the same quarter in the previous year, the business posted $0.38 EPS. Semtech’s quarterly revenue was up 15.9% on a year-over-year basis. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Sell-side analysts forecast that Semtech Corporation will post 1.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SMTC has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Semtech in a research note on Thursday, June 18th. Benchmark raised their target price on Semtech from $120.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Robert W. Baird lifted their target price on Semtech from $110.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Needham & Company LLC reiterated a “buy” rating and set a $200.00 price target on shares of Semtech in a report on Monday. Finally, B. Riley Financial increased their price target on Semtech from $165.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $189.07.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Royce & Associates LP increased its holdings in Semtech by 144.5% in the 4th quarter. Royce & Associates LP now owns 107,617 shares of the semiconductor company’s stock worth $7,930,000 after acquiring an additional 63,603 shares during the last quarter. Argos Wealth Advisors LLC purchased a new stake in Semtech during the fourth quarter valued at about $640,000. Geode Capital Management LLC lifted its holdings in Semtech by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 2,099,033 shares of the semiconductor company’s stock valued at $154,704,000 after purchasing an additional 6,715 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Semtech by 21.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 155,576 shares of the semiconductor company’s stock worth $11,709,000 after purchasing an additional 27,781 shares during the period. Finally, Strs Ohio boosted its position in Semtech by 558.9% during the fourth quarter. Strs Ohio now owns 48,100 shares of the semiconductor company’s stock worth $3,544,000 after purchasing an additional 40,800 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.