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In a recent filing with the Securities and Exchange Commission, Semtech Corp (NASDAQ:SMTC) revealed that its Executive Vice President and Chief Financial Officer, Mark Lin, executed several stock transactions. On March 27, Lin sold a total of 2,907 shares of Semtech common stock, generating proceeds of $109,626. The shares were sold at prices ranging from $37.20 to $38.205 per share. These transactions come as Semtech’s stock has shown significant volatility, with the share price declining over 20% in the past six months.
Additionally, on March 26, Lin acquired 9,278 shares of common stock at no cost, as part of a performance stock unit grant. This transaction increased his direct ownership to 20,903 shares. Furthermore, Lin also disposed of 4,515 shares at $40.07 per share to cover tax obligations, amounting to $180,916.
These transactions underscore Lin’s active management of his equity holdings in Semtech, a company engaged in the semiconductor industry.
In other recent news, Semtech Corporation reported its fourth-quarter earnings for fiscal year 2025, surpassing market expectations with an earnings per share (EPS) of $0.40, which was higher than the forecasted $0.33. The company achieved a revenue of $251 million, slightly above the expected $250.18 million, marking a 6% sequential increase. Stifel analysts revised their outlook on Semtech, lowering the 12-month price target to $54 from $60 while maintaining a Buy rating, following the solid earnings results. Similarly, UBS analysts adjusted their outlook, reducing the price target to $60 from $65, yet reaffirming a Buy rating on Semtech shares.
Despite a positive performance in the last quarter, the company’s first-quarter fiscal year 2026 outlook is slightly subdued, with projected revenue of $250 million at the midpoint, reflecting a marginal 0.4% decrease quarter over quarter. This outlook incorporates a temporary slowdown in the CopperEdge segment, as noted by analysts from both UBS and Stifel. However, growth in the LoRa technology sector, with a 205% year-over-year revenue increase, highlights Semtech’s competitive position in the market.
Semtech’s strategic focus on research and development (R&D) and capital expenditures in core products and high-growth end markets is expected to support market share expansion. The company’s management has been proactive in aligning its R&D efforts, which is anticipated to drive sustainable long-term growth. The company’s reduction of net debt by 68% to $411 million reflects strong financial management, further strengthening its financial position.
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