New insider activity at Semtech ( (SMTC) ) has taken place on March 7, 2025.
EVP & CFO Lin Mark recently sold 10,890 shares of Semtech stock, amounting to a total transaction value of $377,579.
Recent Updates on SMTC stock
Recent developments surrounding Semtech Corporation (SMTC) have led to significant changes in its stock price targets by various analysts. The company announced a strategic shift with the departure of Mark P. Russell, the Senior Vice President of Global Sales and Marketing, which could impact its sales and marketing operations. Additionally, Semtech disclosed a reduction in its fiscal 2026 revenue expectations from its CopperEdge products due to changes in Nvidia’s server rack architectures, leading to a decrease in anticipated sales of active copper cables. This disclosure prompted analysts like B. Riley, Needham, and Stifel to lower their price targets, citing the erosion of near-term opportunities in Nvidia server racks and reduced upside potential in 2025. Despite these challenges, analysts maintain a Buy rating, noting that Semtech’s AI-related revenue potential remains a strong growth driver in the longer term.
More about Semtech
YTD Price Performance: -40.68%
Average Trading Volume: 2,503,548
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.11B
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