Semtech (NASDAQ:SMTC) EVP Jason Elliot Green Sells 2,766 Shares of Company Stock

Semtech Corporation (NASDAQ:SMTC) EVP Jason Elliot Green sold 2,766 shares of the company’s stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $190.35, for a total value of $526,508.10. Following the completion of the sale, the executive vice president owned 7,367 shares of the company’s stock, valued at $1,402,308.45. This represents a 27.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 SMTC opened at $187.30 on Friday. The stock has a market cap of $17.48 billion, a P/E ratio of 124.04 and a beta of 2.41. Semtech Corporation has a 1 year low of $60.28 and a 1 year high of $201.99. The stock’s 50-day moving average price is $154.19 and its two-hundred day moving average price is $136.40. The company has a current ratio of 1.70, a quick ratio of 1.31 and a debt-to-equity ratio of 0.47.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 21.74% and a net margin of 13.11%. Semtech’s revenue was up 32.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. On average, equities analysts predict that Semtech Corporation will post 2.64 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Semtech during the second quarter worth $1,577,947,000. ABS Investment Management LLC bought a new stake in Semtech in the 2nd quarter valued at $178,035,000. Andar Capital Management HK Ltd acquired a new position in Semtech in the 2nd quarter worth $162,000,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Semtech by 396.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,125 shares of the semiconductor company’s stock worth $136,298,000 after purchasing an additional 672,447 shares in the last quarter. Finally, Atreides Management LP bought a new position in Semtech during the 2nd quarter worth about $89,214,000.

Analyst Ratings Changes

SMTC has been the topic of a number of recent analyst reports. Zacks Research raised shares of Semtech from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 21st. Roth Capital set a $220.00 price objective on shares of Semtech in a research report on Wednesday, August 26th. Weiss Ratings downgraded Semtech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Oppenheimer lifted their target price on Semtech from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, October 1st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $200.00 target price on shares of Semtech in a research note on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Semtech presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.06.

Key Headlines Impacting Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Semtech’s AirLink secure edge 5G/LTE routers and network-management products were integrated with Palo Alto Networks’ next-generation firewalls. The partnership could improve Semtech’s credibility with infrastructure, utilities and other security-sensitive customers, potentially supporting adoption and future revenue growth. Can Palo Alto Networks Partnership Lift Semtech’s AirLink Portfolio?
• Positive Sentiment: Semtech continues to be highlighted as an AI-infrastructure beneficiary within the semiconductor sector. Analysts and market commentators point to strong earnings momentum and demand for connectivity technologies as potential catalysts for future results. 2 AI and Quantum Stocks Set for Strong Q3 Earnings Growth
• Negative Sentiment: Northland Securities downgraded SMTC from “Outperform” to “Market Perform,” citing an increasingly less attractive risk-reward profile. The downgrade is likely the primary near-term headwind because Semtech’s elevated valuation makes the shares more vulnerable to profit-taking or cautious analyst revisions. Northland Downgrades Semtech Corp. to Market Perform
• Negative Sentiment: Executive Vice President Jason Elliot Green sold 2,766 shares worth approximately $526,500, reducing his holdings by 27.3%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal, but insider selling can still weigh modestly on sentiment. SEC Insider Trading Filing

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.