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Asaf Silberstein, Executive Vice President and COO of Semtech Corp (NASDAQ:SMTC), a $5 billion market cap semiconductor company currently trading at a P/E ratio of 198, sold 2,000 shares of common stock on August 28 and 29, 2025, for approximately $118,418. According to InvestingPro analysis, the stock appears overvalued at current levels.
According to a Form 4 filing with the Securities and Exchange Commission, Silberstein sold 1,000 shares on August 28 at $60 per share. On August 29, he sold 900 shares in a price range between $57.73 and $58.655, and 100 shares in a price range between $59.95 and $60.00. The stock has shown strong momentum with a 52% gain over the past six months, despite its volatile price movements.
Following these transactions, Silberstein directly owns 103,996 shares of Semtech, held by The Silberstein Family Trust.
These transactions were executed under a Rule 10b5-1 trading plan adopted on September 5, 2024.
In other recent news, Semtech Corp. has captured attention with its latest quarterly earnings and revenue results. The company reported a solid performance with 20% annual growth, delivering modest upside to consensus estimates on both revenue and earnings per share. Benchmark highlighted this success, maintaining a Buy rating and a $68 price target. UBS also reiterated its Buy rating, with a $65 price target, noting Semtech’s stable prospects in AI connectivity for future data center opportunities.
Craig-Hallum raised its price target to $62, citing Semtech’s strong positioning in the AI data center market and upcoming product developments like Linear Packet Optical and Transimpedance Amplifier ramps. Piper Sandler increased its price target to $65, emphasizing the company’s robust performance in its FiberEdge business. Stifel also raised its price target to $57, pointing to Semtech’s progress in its turnaround efforts and potential for enhanced operating leverage. These recent developments reflect a positive outlook from multiple analyst firms, highlighting Semtech’s strategic advancements and growth potential.
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