Handelsbanken Fonder AB Has $1.11 Million Stock Position in Semtech Corporation $SMTC

Handelsbanken Fonder AB cut its holdings in shares of Semtech Corporation (NASDAQ:SMTC) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,688 shares of the semiconductor company’s stock after selling 1,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in Semtech were worth $1,114,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SMTC. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Semtech by 21.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,976 shares of the semiconductor company’s stock worth $790,000 after acquiring an additional 4,037 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Semtech by 50.8% in the 1st quarter. Federated Hermes Inc. now owns 189,745 shares of the semiconductor company’s stock valued at $6,527,000 after purchasing an additional 63,897 shares during the period. XTX Topco Ltd grew its position in Semtech by 79.2% in the 1st quarter. XTX Topco Ltd now owns 14,420 shares of the semiconductor company’s stock worth $496,000 after purchasing an additional 6,375 shares during the last quarter. Bayforest Capital Ltd increased its holdings in shares of Semtech by 149.7% during the 1st quarter. Bayforest Capital Ltd now owns 12,613 shares of the semiconductor company’s stock worth $434,000 after purchasing an additional 7,562 shares during the period. Finally, US Bancorp DE increased its holdings in shares of Semtech by 7.6% during the 1st quarter. US Bancorp DE now owns 11,137 shares of the semiconductor company’s stock worth $383,000 after purchasing an additional 787 shares during the period.

Semtech Price Performance

Shares of SMTC stock opened at $73.45 on Friday. The stock’s fifty day simple moving average is $67.83 and its 200 day simple moving average is $54.94. Semtech Corporation has a one year low of $24.05 and a one year high of $79.52. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 306.04 and a beta of 2.03. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.53 and a quick ratio of 1.78.

Semtech (NASDAQ:SMTC) last released its quarterly earnings data on Monday, November 24th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Semtech had a return on equity of 18.28% and a net margin of 2.38%.The firm had revenue of $266.97 million during the quarter, compared to analyst estimates of $266.36 million. During the same period in the prior year, the company posted $0.26 earnings per share. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. On average, analysts expect that Semtech Corporation will post -0.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

SMTC has been the topic of a number of recent research reports. B. Riley lifted their target price on Semtech from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday. Northland Securities raised their price objective on Semtech from $48.00 to $53.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 26th. Morgan Stanley set a $67.00 price objective on Semtech in a research report on Tuesday. Robert W. Baird upped their target price on Semtech from $70.00 to $88.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Cowen assumed coverage on Semtech in a research report on Tuesday, September 30th. They issued a “buy” rating for the company. Fifteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.71.

Insider Activity at Semtech

In other news, Director Paul V. Walsh, Jr. sold 500 shares of Semtech stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $66.24, for a total value of $33,120.00. Following the completion of the transaction, the director owned 26,779 shares in the company, valued at approximately $1,773,840.96. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Martin Burvill sold 3,500 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $62.75, for a total value of $219,625.00. Following the sale, the director owned 6,909 shares in the company, valued at approximately $433,539.75. This trade represents a 33.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,971 shares of company stock valued at $323,463 in the last ninety days. Insiders own 0.48% of the company’s stock.

About Semtech

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.