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Director Gregory Michael Fischer of Semtech Corp (NASDAQ:SMTC), a $5 billion market cap semiconductor company currently trading near its 52-week high of $79.52, sold 1,500 shares of common stock on August 29, 2025, for a total value of $87,653. According to InvestingPro analysis, the company maintains a "GOOD" financial health score of 2.51. The sales were executed in three separate transactions with prices ranging from $58.2508 to $59.8719.
Specifically, Fischer sold 1,268 shares at a weighted average price of $58.2508, with prices ranging from $57.73 to $58.68. He also sold 219 shares at a weighted average price of $59.4205, with prices ranging from $58.75 to $59.66. The final transaction involved the sale of 13 shares at a weighted average price of $59.8719, with prices ranging from $59.815 to $60.00.
Following these transactions, Fischer directly owns 3,891 shares of Semtech.
These transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by Fischer on May 30, 2025.
In other recent news, Semtech Corp . has been the focus of several analyst updates following its latest financial results. Benchmark reiterated its Buy rating, maintaining a $68 price target, after Semtech reported a 20% annual growth with modest upside in revenue and earnings per share. UBS also reiterated a Buy rating with a $65 price target, highlighting Semtech’s consistent performance and potential in AI connectivity for data centers by 2026. Piper Sandler raised its price target to $65, citing strong performance in the FiberEdge business and a positive outlook for October. Craig-Hallum increased its price target to $62, emphasizing Semtech’s strategic position in the AI data center market and upcoming product ramps. Stifel also raised its price target to $57, acknowledging the company’s progress in its turnaround strategy and enhanced business profile. These developments underscore the positive sentiment among analysts regarding Semtech’s growth prospects and operational execution.
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