Insider Selling: Semtech (NASDAQ:SMTC) CFO Sells 967 Shares of Company Stock

Key Points

• Semtech CFO Mark Lin sold 967 shares at an average price of $178.87, totaling $172,967.29. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his ownership by 2.62% to 35,999 shares.
• Semtech shares fell 1.1% to $192.83, but remain near their 52-week high of $201.99. The company reported quarterly EPS and revenue above analyst expectations, with revenue up 32.7% year over year.
• Analysts maintain a favorable outlook, with 15 Buy, one Strong Buy, and three Hold ratings; the consensus rating is Moderate Buy with an average price target of $208.06.

Semtech Corporation (NASDAQ:SMTC - Get Free Report) CFO Mark Lin sold 967 shares of Semtech stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $178.87, for a total value of $172,967.29. Following the completion of the sale, the chief financial officer owned 35,999 shares of the company's stock, valued at approximately $6,439,141.13. The trade was a 2.62% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Thursday, September 10th, Mark Lin sold 683 shares of Semtech stock. The shares were sold at an average price of $159.90, for a total transaction of $109,211.70.

Semtech Trading Down 1.1%

Shares of NASDAQ:SMTC traded down $2.05 during trading on Monday, hitting $192.83. 1,855,665 shares of the company's stock were exchanged, compared to its average volume of 2,817,000. 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 firm has a market cap of $18.00 billion, a P/E ratio of 127.70 and a beta of 2.41. The firm has a 50-day moving average price of $146.40 and a two-hundred day moving average price of $132.76. Semtech Corporation has a 1-year low of $60.28 and a 1-year high of $201.99.

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings raised Semtech from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, September 22nd. Roth Capital set a $220.00 price target on Semtech in a research note on Wednesday, August 26th. UBS Group increased their price target on shares of Semtech from $225.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, August 26th. Robert W. Baird lifted their price objective on shares of Semtech from $225.00 to $300.00 and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Finally, Stifel Nicolaus boosted their price objective on shares of Semtech from $188.00 to $220.00 and gave the company a "buy" rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Semtech has an average rating of "Moderate Buy" and an average price target of $208.06.

Hedge Funds Weigh In On Semtech

Several institutional investors and hedge funds have recently modified their holdings of SMTC. Cim Investment Management Inc. acquired a new stake in Semtech during the 2nd quarter worth approximately $319,000. SkyView Investment Advisors LLC acquired a new position in shares of Semtech in the second quarter valued at approximately $283,000. Sequoia Financial Advisors LLC bought a new stake in shares of Semtech during the second quarter worth $374,000. Tidal Investments LLC acquired a new stake in shares of Semtech during the second quarter worth $22,728,000. Finally, IPG Investment Advisors LLC acquired a new stake in shares of Semtech during the second quarter worth $296,000.

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.

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