82,687 Semtech Corporation $SMTC Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. increased its holdings in shares of Semtech Corporation (NASDAQ:SMTC) by 961.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,288 shares of the semiconductor company’s stock after acquiring an additional 82,687 shares during the quarter. Jefferies Financial Group Inc. owned approximately 0.10% of Semtech worth $16,281,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in shares of Semtech during the 2nd quarter worth $39,313,000. Osterweis Capital Management Inc. purchased a new position in shares of Semtech in the 2nd quarter worth about $9,783,000. Swiss National Bank grew its position in Semtech by 6.9% during the first quarter. Swiss National Bank now owns 183,000 shares of the semiconductor company’s stock valued at $14,071,000 after buying an additional 11,800 shares during the period. Assenagon Asset Management S.A. grew its position in Semtech by 56.3% during the third quarter. Assenagon Asset Management S.A. now owns 546,422 shares of the semiconductor company’s stock valued at $97,454,000 after buying an additional 196,734 shares during the period. Finally, Nicholas Investment Partners LP bought a new position in Semtech during the second quarter valued at about $13,673,000.

Semtech Price Performance

Shares of NASDAQ SMTC opened at $125.22 on Thursday. The stock has a market cap of $11.69 billion, a PE ratio of 82.93 and a beta of 2.50. Semtech Corporation has a fifty-two week low of $60.28 and a fifty-two week high of $201.99. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.31 and a current ratio of 1.70. The stock has a fifty day moving average of $154.33 and a 200-day moving average of $126.12.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. Semtech had a return on equity of 21.74% and a net margin of 13.11%. The business had revenue of $341.87 million for the quarter, compared to analysts’ expectations of $328.67 million. During the same quarter in the prior year, the firm posted $0.41 EPS. The firm’s quarterly revenue was up 32.7% on a year-over-year basis. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Equities research analysts anticipate that Semtech Corporation will post 2.80 earnings per share for the current year.

Insider Transactions at Semtech

In related news, Director Rodolpho C. Cardenuto sold 5,321 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $877,965.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul V. Walsh, Jr. sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $139.44, for a total transaction of $69,720.00. Following the sale, the director directly owned 26,100 shares in the company, valued at $3,639,384. This trade represents a 1.88% 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. In the last 90 days, insiders sold 14,237 shares of company stock valued at $2,337,597. Company insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on SMTC. B. Riley Financial decreased their price objective on shares of Semtech from $210.00 to $190.00 and set a “buy” rating for the company in a report on Monday. Seaport Research Partners assumed coverage on shares of Semtech in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $200.00 target price on the stock. UBS Group increased their target price on shares of Semtech from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. TD Cowen reissued a “buy” rating and set a $215.00 target price on shares of Semtech in a research report on Friday, October 16th. Finally, Stifel Nicolaus decreased their price target on shares of Semtech from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Semtech presently has an average rating of “Moderate Buy” and a consensus target price of $212.00.

Semtech Profile

Semtech Corporation is a semiconductor and connectivity technology company that develops products for communications, industrial, and consumer applications. Its portfolio includes analog and mixed-signal semiconductors, signal-integrity and protection products, and power-management solutions used in electronic systems. The company is known for LoRa technology, which supports low-power, long-range wireless communications for Internet of Things (IoT) devices. Semtech also provides cellular IoT modules, routers, and related services, expanding its connectivity offerings through its acquisition of Sierra Wireless in 2023.