Julie Garcia Ruehl Sells 1,500 Shares of Semtech (NASDAQ:SMTC) Stock

Key Points

• Semtech director Julie Garcia Ruehl sold 1,500 shares at an average price of $145, generating $217,500. The transaction, conducted under a Rule 10b5-1 plan, reduced her direct holdings by 17.36% to 7,140 shares.
• Semtech reported stronger-than-expected quarterly results, with EPS of $0.71 versus the $0.61 consensus estimate and revenue of $341.87 million, up 32.7% year over year.
• Shares recently traded at $163.94, near the upper end of their 52-week range. Analysts remain broadly positive, with a “Moderate Buy” consensus rating and an average price target of $204.71.

Semtech Corporation (NASDAQ:SMTC - Get Free Report) Director Julie Garcia Ruehl sold 1,500 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $145.00, for a total transaction of $217,500.00. Following the completion of the sale, the director directly owned 7,140 shares in the company, valued at approximately $1,035,300. This trade represents a 17.36% decrease in their position. 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 Stock Up 0.8%

NASDAQ SMTC traded up $1.32 on Wednesday, hitting $163.94. 3,370,809 shares of the stock were exchanged, compared to its average volume of 2,757,052. Semtech Corporation has a fifty-two week low of $57.50 and a fifty-two week high of $177.35. The company has a 50-day moving average price of $132.41 and a 200-day moving average price of $121.99. The company has a quick ratio of 1.31, a current ratio of 1.70 and a debt-to-equity ratio of 0.47. The company has a market cap of $15.30 billion, a PE ratio of 108.57 and a beta of 2.35.

Semtech (NASDAQ:SMTC - Get Free Report) last released its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.10. The business had revenue of $341.87 million during 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 company's revenue for the quarter was up 32.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Sell-side analysts anticipate that Semtech Corporation will post 2.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SMTC has been the subject of several analyst reports. Wall Street Zen raised Semtech from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 29th. Oppenheimer set a $200.00 target price on Semtech in a research note on Wednesday, May 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $200.00 price target on shares of Semtech in a report on Wednesday, August 26th. Zacks Research cut shares of Semtech from a "strong-buy" rating to a "hold" rating in a report on Friday, August 21st. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Semtech in a research report on Thursday, June 18th. Fifteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $204.71.

Institutional Trading of Semtech

Large investors have recently made changes to their positions in the company. Royce & Associates LP raised its stake in Semtech by 144.5% during the 4th quarter. Royce & Associates LP now owns 107,617 shares of the semiconductor company's stock valued at $7,930,000 after acquiring an additional 63,603 shares during the last quarter. Argos Wealth Advisors LLC acquired a new stake in shares of Semtech in the fourth quarter valued at approximately $640,000. Geode Capital Management LLC increased its position 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 worth $154,704,000 after buying an additional 6,715 shares in the last quarter. Swiss National Bank lifted its position in shares of Semtech by 6.9% in the first quarter. Swiss National Bank now owns 183,000 shares of the semiconductor company's stock valued at $14,071,000 after acquiring an additional 11,800 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of Semtech in the second quarter valued at $9,783,000.

About Semtech

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.

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