Swiss National Bank Increases Stake in Semtech Corporation $SMTC

Swiss National Bank lifted its stake in shares of Semtech Corporation (NASDAQ:SMTC) by 6.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 183,000 shares of the semiconductor company’s stock after purchasing an additional 11,800 shares during the period. Swiss National Bank’s holdings in Semtech were worth $14,071,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SMTC. Leonteq Securities AG lifted its stake in Semtech by 11.2% in the first quarter. Leonteq Securities AG now owns 1,171 shares of the semiconductor company’s stock worth $90,000 after acquiring an additional 118 shares during the last quarter. Evergreen Capital Management LLC increased its position in shares of Semtech by 2.3% in the 4th quarter. Evergreen Capital Management LLC now owns 5,945 shares of the semiconductor company’s stock valued at $438,000 after purchasing an additional 136 shares during the last quarter. Stephens Inc. AR increased its position in shares of Semtech by 3.3% in the 4th quarter. Stephens Inc. AR now owns 4,410 shares of the semiconductor company’s stock valued at $325,000 after purchasing an additional 142 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Semtech by 0.8% in the 4th quarter. Captrust Financial Advisors now owns 19,302 shares of the semiconductor company’s stock valued at $1,422,000 after purchasing an additional 162 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Semtech by 1.5% during the 4th quarter. Cetera Investment Advisers now owns 11,737 shares of the semiconductor company’s stock worth $865,000 after purchasing an additional 177 shares during the last quarter.

Insider Transactions at Semtech

In other Semtech news, CFO Mark Lin sold 970 shares of Semtech stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $150.41, for a total transaction of $145,897.70. Following the transaction, the chief financial officer owned 34,896 shares of the company’s stock, valued at $5,248,707.36. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Asaf Silberstein sold 8,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $127.80, for a total value of $1,086,300.00. Following the completion of the sale, the chief operating officer owned 96,862 shares of the company’s stock, valued at approximately $12,378,963.60. This represents a 8.07% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 22,234 shares of company stock worth $3,203,091. Insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Citigroup downgraded shares of Semtech from a “buy” rating to a “market perform” rating in a research note on Tuesday, May 26th. Craig Hallum lifted their price target on Semtech from $105.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Oppenheimer set a $200.00 price objective on Semtech in a research report on Wednesday, May 27th. TD Cowen increased their price objective on Semtech from $210.00 to $215.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Finally, UBS Group raised their target price on Semtech from $165.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Semtech currently has a consensus rating of “Moderate Buy” and an average target price of $189.07.

Semtech Price Performance

Shares of NASDAQ:SMTC opened at $125.92 on Friday. Semtech Corporation has a 12 month low of $46.02 and a 12 month high of $177.35. The firm has a market capitalization of $11.73 billion, a P/E ratio of -322.87 and a beta of 2.31. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.37 and a quick ratio of 1.62. The company’s fifty day moving average price is $149.03 and its 200 day moving average price is $110.52.

Semtech (NASDAQ:SMTC) last released its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. The company had revenue of $291.02 million during the quarter, compared to the consensus estimate of $283.53 million. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. Semtech’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. As a group, sell-side analysts predict that Semtech Corporation will post 1.81 earnings per share for the current fiscal year.

Semtech Profile

Semtech Corporation is a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms. The company’s products address a broad range of applications in the Internet of Things (IoT), data center and telecom, industrial, home automation, automotive, and aerospace markets. Semtech’s portfolio includes power management, signal integrity, protection devices, wireless and sensing technologies that enable smarter, more connected systems worldwide.

A core offering from Semtech is its LoRa® technology, a low-power, long-range wireless communication platform that has become a de facto standard for global IoT deployments.