Gregory Michael Fischer Sells 1,034 Shares of Semtech (NASDAQ:SMTC) Stock

by · The Cerbat Gem

Semtech Corporation (NASDAQ:SMTC – Get Free Report) Director Gregory Michael Fischer sold 1,034 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $75.50, for a total value of $78,067.00. Following the transaction, the director owned 2,857 shares of the company’s stock, valued at $215,703.50. This represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Semtech Price Performance

Shares of NASDAQ:SMTC traded down $3.70 on Tuesday, hitting $75.98. The stock had a trading volume of 1,476,942 shares, compared to its average volume of 1,346,255. The firm’s 50 day moving average price is $72.79 and its 200-day moving average price is $63.13. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43. Semtech Corporation has a twelve month low of $24.05 and a twelve month high of $81.39. The company has a market capitalization of $7.03 billion, a price-to-earnings ratio of 245.10 and a beta of 2.01.

Semtech (NASDAQ:SMTC – Get Free Report) last announced its quarterly earnings results on Monday, November 24th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $266.97 million during the quarter, compared to the consensus estimate of $266.36 million. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm posted $0.26 EPS. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. On average, equities research analysts predict that Semtech Corporation will post -0.02 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Piper Sandler reiterated an “overweight” rating and issued a $95.00 price objective (up previously from $70.00) on shares of Semtech in a research report on Thursday, December 11th. Cowen began coverage on Semtech in a report on Tuesday, September 30th. They issued a “buy” rating for the company. B. Riley increased their price objective on shares of Semtech from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Morgan Stanley set a $67.00 target price on shares of Semtech in a research note on Tuesday, November 25th. Finally, Susquehanna raised their price target on shares of Semtech from $65.00 to $80.00 and gave the company a “positive” rating in a report on Tuesday, November 18th. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.50.

View Our Latest Report on Semtech

Hedge Funds Weigh In On Semtech

Hedge funds have recently added to or reduced their stakes in the stock. Sax Wealth Advisors LLC acquired a new position in shares of Semtech during the 4th quarter worth about $243,000. SG Americas Securities LLC boosted its stake in Semtech by 68.5% during the 4th quarter. SG Americas Securities LLC now owns 107,825 shares of the semiconductor company’s stock worth $7,946,000 after acquiring an additional 43,834 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Semtech by 852.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 184,630 shares of the semiconductor company’s stock worth $13,605,000 after acquiring an additional 165,244 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Semtech by 17.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,856 shares of the semiconductor company’s stock valued at $358,000 after purchasing an additional 705 shares during the period. Finally, GAMMA Investing LLC increased its stake in Semtech by 13.2% in the fourth quarter. GAMMA Investing LLC now owns 4,644 shares of the semiconductor company’s stock valued at $342,000 after purchasing an additional 541 shares in the last quarter.

About Semtech

(Get Free Report)

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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