Insider Selling: Semtech (NASDAQ:SMTC) CFO Sells 683 Shares

Key Points

• Semtech CFO Mark Lin sold 683 shares at an average price of $159.90, totaling $109,211.70. The Rule 10b5-1 transaction reduced his direct holdings by 1.89% to 35,366 shares.
• Semtech reported quarterly EPS of $0.71, beating estimates of $0.61, while revenue rose 32.7% year over year to $341.87 million. Shares recently traded at $147.05, down $20.19.
• Analysts maintain a “Moderate Buy” consensus, with 15 Buy ratings and four Holds and an average price target of $204.71.

Semtech Corporation (NASDAQ:SMTC - Get Free Report) CFO Mark Lin sold 683 shares of Semtech stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $159.90, for a total value of $109,211.70. Following the completion of the sale, the chief financial officer directly owned 35,366 shares in the company, valued at approximately $5,655,023.40. The trade was a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Lin also recently made the following trade(s):

• On Wednesday, July 1st, Mark Lin sold 970 shares of Semtech stock. The stock was sold at an average price of $150.41, for a total value of $145,897.70.

Semtech Price Performance

Shares of SMTC stock traded down $20.19 on Monday, reaching $147.05. The company's stock had a trading volume of 3,173,172 shares, compared to its average volume of 2,755,522. The stock's fifty day simple moving average is $133.86 and its 200-day simple moving average is $123.62. Semtech Corporation has a 1 year low of $57.50 and a 1 year high of $177.35. The company has a current ratio of 1.70, a quick ratio of 1.31 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $13.72 billion, a price-to-earnings ratio of 97.38 and a beta of 2.35.

Semtech (NASDAQ:SMTC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.10. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The company had revenue of $341.87 million for the quarter, compared to analysts' expectations of $328.67 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. Semtech's quarterly revenue was up 32.7% on a year-over-year basis. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Analysts forecast that Semtech Corporation will post 2.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Oppenheimer set a $200.00 target price on Semtech in a report on Wednesday, May 27th. Weiss Ratings upgraded Semtech from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Wednesday. BMO Capital Markets began coverage on shares of Semtech in a research note on Wednesday, August 26th. They set an "outperform" rating and a $155.00 price objective for the company. New Street Research set a $230.00 price objective on shares of Semtech in a research report on Thursday, August 20th. Finally, Wall Street Zen raised shares of Semtech from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 29th. Fifteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $204.71.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMTC. ABS Investment Management LLC purchased a new stake in shares of Semtech in the 2nd quarter worth approximately $178,035,000. FNY Investment Advisers LLC increased its holdings in Semtech by 900.0% during the second quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company's stock valued at $32,000 after buying an additional 180 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Semtech in the second quarter worth approximately $32,000. Allworth Financial LP purchased a new stake in Semtech during the second quarter worth $55,000. Finally, Allied Private Wealth LLC purchased a new stake in Semtech during the second quarter worth $65,000.

About Semtech

Semtech Corporation NASDAQ: SMTC is a global semiconductor and technology company that designs and supplies analog and mixed-signal products. Its solutions are used to manage, protect, connect and process electronic signals in infrastructure, data centers, industrial systems, automotive applications, consumer devices and communications equipment.

The company's portfolio includes signal-integrity and connectivity products, power-management and protection devices, wireless and radio-frequency solutions, and specialized semiconductors.

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