Semtech (NASDAQ:SMTC) CFO Mark Lin Sells 2,734 Shares

Key Points

• Semtech CFO Mark Lin sold 2,734 shares on March 10 at an average price of $85.27 for $233,128, leaving him with 30,444 shares and reducing his ownership by about 8.24%.
• Lin made additional recent sales — 3,908 shares on March 11 at $87.24, 6,582 shares on March 6 at $83.75, and 1,333 shares on Jan 5 at $76.20 — totaling roughly $1.23 million across these transactions.
• Stock context: SMTC traded at $83.41 (down $2.41), has a 52‑week range of $24.05–$96.46, a market cap of $7.72B and a high PE (~269), and carries an analyst consensus of "Moderate Buy" with a $84.14 target.

Semtech Corporation (NASDAQ:SMTC - Get Free Report) CFO Mark Lin sold 2,734 shares of Semtech stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $85.27, for a total value of $233,128.18. Following the transaction, the chief financial officer directly owned 30,444 shares of the company's stock, valued at approximately $2,595,959.88. This represents a 8.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, March 11th, Mark Lin sold 3,908 shares of Semtech stock. The shares were sold at an average price of $87.24, for a total transaction of $340,933.92.
• On Friday, March 6th, Mark Lin sold 6,582 shares of Semtech stock. The shares were sold at an average price of $83.75, for a total transaction of $551,242.50.
• On Monday, January 5th, Mark Lin sold 1,333 shares of Semtech stock. The shares were sold at an average price of $76.20, for a total value of $101,574.60.

Semtech Price Performance

Shares of SMTC traded down $2.41 during trading hours on Thursday, reaching $83.41. 978,407 shares of the company traded hands, compared to its average volume of 1,458,190. Semtech Corporation has a fifty-two week low of $24.05 and a fifty-two week high of $96.46. The stock has a market capitalization of $7.72 billion, a PE ratio of 269.06 and a beta of 1.99. The stock has a fifty day simple moving average of $83.30 and a 200 day simple moving average of $73.36. The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.87.

Hedge Funds Weigh In On Semtech

Institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp increased its stake in shares of Semtech by 12,214.3% in the first quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company's stock valued at $89,000 after purchasing an additional 2,565 shares during the period. Empowered Funds LLC increased its position in shares of Semtech by 11.5% during the 1st quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company's stock valued at $323,000 after purchasing an additional 968 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Semtech by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company's stock worth $14,166,000 after acquiring an additional 22,629 shares in the last quarter. Strs Ohio bought a new stake in shares of Semtech in the 1st quarter worth approximately $65,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Semtech by 24.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 36,205 shares of the semiconductor company's stock valued at $1,634,000 after acquiring an additional 7,161 shares during the last quarter.

Analyst Ratings Changes

Several research firms recently issued reports on SMTC. Stifel Nicolaus raised their target price on shares of Semtech from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday, January 16th. Benchmark upped their target price on Semtech from $85.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, March 4th. Robert W. Baird raised their price target on shares of Semtech from $70.00 to $88.00 and gave the company an "outperform" rating in a report on Tuesday, November 25th. TD Cowen reissued a "buy" rating on shares of Semtech in a report on Tuesday, February 24th. Finally, Susquehanna increased their price objective on shares of Semtech from $90.00 to $100.00 and gave the company a "positive" rating in a research note on Monday. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Semtech has an average rating of "Moderate Buy" and a consensus target price of $84.14.

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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