Park West Asset Management LLC Makes New $35.80 Million Investment in Semtech Corporation $SMTC

Park West Asset Management LLC acquired a new stake in shares of Semtech Corporation (NASDAQ:SMTC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 221,162 shares of the semiconductor company’s stock, valued at approximately $35,795,000. Semtech comprises about 2.4% of Park West Asset Management LLC’s portfolio, making the stock its 20th largest holding. Park West Asset Management LLC owned about 0.24% of Semtech at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SMTC. Andar Capital Management HK Ltd acquired a new stake in Semtech during the 2nd quarter valued at $162,000,000. BlackRock Inc. acquired a new stake in Semtech during the 2nd quarter worth about $1,577,947,000. Think Investments LP purchased a new position in Semtech during the 3rd quarter valued at about $58,618,000. Ameriprise Financial Inc. increased its holdings in shares of Semtech by 10.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock valued at $321,040,000 after purchasing an additional 666,456 shares during the period. Finally, Atreides Management LP purchased a new stake in shares of Semtech in the second quarter worth approximately $29,880,000.

Semtech Stock Performance

Shares of NASDAQ SMTC opened at $140.80 on Thursday. The company has a market cap of $13.12 billion, a P/E ratio of 93.25 and a beta of 2.35. Semtech Corporation has a 12 month low of $55.18 and a 12 month high of $177.35. The business’s 50 day moving average is $135.94 and its two-hundred day moving average is $118.62. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.10. Semtech had a net margin of 13.11% and a return on equity of 23.54%. The company had revenue of $341.87 million for the quarter, compared to the consensus estimate of $328.67 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The business’s revenue was up 32.7% compared to the same quarter last year. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. On average, equities analysts expect that Semtech Corporation will post 1.81 EPS for the current year.

Analysts Set New Price Targets

SMTC has been the subject of a number of research analyst reports. B. Riley Financial increased their target price on shares of Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Stifel Nicolaus lifted their price objective on Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Morgan Stanley upped their target price on Semtech from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Semtech in a report on Thursday, June 18th. Finally, TD Cowen boosted their price target on Semtech from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Fourteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $201.44.

Insider Buying and Selling at Semtech

In related news, COO Asaf Silberstein sold 8,500 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer owned 96,862 shares of the company’s stock, valued at $12,378,963.60. The trade was a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 2,264 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $129.90, for a total value of $294,093.60. Following the completion of the transaction, the executive vice president directly owned 8,611 shares of the company’s stock, valued at approximately $1,118,568.90. The trade was a 20.82% decrease in their ownership of the stock. 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 sold 21,734 shares of company stock worth $3,133,986 in the last 90 days. 0.44% of the stock is currently owned by insiders.

More Semtech News

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Quarterly results beat expectations. Fiscal Q2 revenue rose 32.7% year over year to $341.9 million, exceeding the $328.7 million consensus estimate, while adjusted EPS of $0.71 topped expectations near $0.61 and increased from $0.41 a year earlier. Semtech Announces Second Quarter of Fiscal Year 2027 Results
• Positive Sentiment: Outlook substantially exceeded consensus. Semtech forecast fiscal Q3 revenue of approximately $410 million, compared with analysts’ expectations of about $359 million, and adjusted diluted EPS of roughly $1.05 versus consensus near $0.69. The guidance implies continued sequential growth and supported the stock’s advance. Semtech Dumps Cellular Business to Double Down on Data Centers
• Positive Sentiment: Data-center momentum is strengthening. Management highlighted a 1.6-terabit data-center product ramp, record backlog and a 91% increase in data-center sales, benefiting from AI infrastructure demand. Capacity expansion and tight GaN supply could support additional growth. SMTC Q2 Earnings Call Spotlights 1.6T Data Center Growth
• Positive Sentiment: Analyst sentiment improved. Multiple analysts raised their price targets following the earnings report, while Needham and Susquehanna reiterated Buy ratings with targets of $200 and $200–$215. Increased call-option activity also reflects bullish near-term positioning. Analysts Revise Forecasts After Upbeat Q2 Results
• Neutral Sentiment: Semtech’s planned cellular-business divestiture is intended to concentrate resources on data centers and create a structural margin benefit, though execution and the timing of the portfolio transition remain important risks.
• Negative Sentiment: Some recent disclosures show substantial insider selling, with executives reporting sales but no purchases over the past six months. The company also continues to post a negative GAAP net margin, factors that may temper enthusiasm despite the stronger outlook.

Semtech Company 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.