Janus Henderson Group PLC Purchases 5,699 Shares of Semtech Corporation $SMTC

Janus Henderson Group PLC increased its position in Semtech Corporation (NASDAQ:SMTC) by 10.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,443 shares of the semiconductor company’s stock after buying an additional 5,699 shares during the quarter. Janus Henderson Group PLC’s holdings in Semtech were worth $4,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Banque Cantonale Vaudoise purchased a new position in shares of Semtech during the first quarter worth approximately $33,000. IFP Advisors Inc bought a new position in shares of Semtech during the 4th quarter valued at $53,000. Sound Income Strategies LLC purchased a new position in Semtech in the 4th quarter worth $60,000. NewEdge Advisors LLC raised its position in Semtech by 1,215.4% in the 3rd quarter. NewEdge Advisors LLC now owns 855 shares of the semiconductor company’s stock worth $61,000 after purchasing an additional 790 shares during the period. Finally, Hantz Financial Services Inc. lifted its stake in Semtech by 90.0% in the fourth quarter. Hantz Financial Services Inc. now owns 965 shares of the semiconductor company’s stock worth $71,000 after purchasing an additional 457 shares during the last quarter.

Semtech Stock Performance

Semtech stock opened at $134.78 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.62 and a debt-to-equity ratio of 0.86. The firm has a 50-day moving average of $143.35 and a 200-day moving average of $113.49. The firm has a market cap of $12.55 billion, a P/E ratio of -345.59 and a beta of 2.35. Semtech Corporation has a 1-year low of $46.02 and a 1-year high of $177.35.

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

Insiders Place Their Bets

In other news, CEO Hong Q. Hou sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $133.00, for a total value of $266,000.00. Following the completion of the sale, the chief executive officer directly owned 64,799 shares of the company’s stock, valued at approximately $8,618,267. This trade represents a 2.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 2,264 shares of Semtech stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $129.90, for a total transaction of $294,093.60. Following the sale, the executive vice president directly owned 8,611 shares in the company, valued at $1,118,568.90. The trade was a 20.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 22,234 shares of company stock valued at $3,203,091 over the last quarter. 0.44% of the stock is owned by company insiders.

Analyst Ratings Changes

SMTC has been the subject of several analyst reports. Morgan Stanley upped their price target on shares of Semtech from $155.00 to $175.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Needham & Company LLC restated a “buy” rating and set a $200.00 price target on shares of Semtech in a research report on Monday, July 13th. UBS Group lifted their price target on Semtech from $165.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Benchmark boosted their price objective on Semtech from $120.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, Oppenheimer set a $200.00 price objective on Semtech in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Semtech currently has a consensus rating of “Moderate Buy” and an average target price of $189.07.

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.