Street Calls of the Week
Director Paul V. Walsh Jr. of Semtech Corp (NASDAQ:SMTC), a $5.9 billion market cap semiconductor company, sold 500 shares of common stock on October 22, 2025, at a price of $66.24, for a total transaction value of $33,120. The stock has shown remarkable strength, delivering a 131% return over the past six months. According to InvestingPro analysis, Semtech appears to be trading above its Fair Value.
Following the transaction, Walsh directly owns 26,779 shares of Semtech.
The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Walsh on July 9, 2025.
In other recent news, Semtech Corporation has announced the pricing of a $350 million convertible notes offering due in 2030, which is expected to close around October 10, 2025. The company anticipates net proceeds of approximately $340.2 million from this private placement to qualified institutional buyers. In a strategic move, Semtech and Skylo Technologies have expanded their partnership to deliver an integrated terrestrial and satellite IoT solution, enhancing connectivity options. Meanwhile, Stifel has raised its price target for Semtech to $80, maintaining a Buy rating, citing the company’s improved business profile and potential operating leverage. Oppenheimer has also upgraded Semtech’s stock to Outperform, highlighting growth opportunities in AI and LoRa technologies. The firm’s CEO, Hong Hou, has outlined strategic initiatives in data center AI applications, focusing on Active Copper Cable and Linear Pluggable Optics technologies. These developments reflect Semtech’s ongoing efforts to strengthen its market position and explore new growth avenues.
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