200,167 Shares in Semtech Corporation $SMTC Bought by E20 Capital Ltd

E20 Capital Ltd acquired a new position in shares of Semtech Corporation (NASDAQ:SMTC) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 200,167 shares of the semiconductor company’s stock, valued at approximately $32,397,000. Semtech accounts for about 2.6% of E20 Capital Ltd’s investment portfolio, making the stock its 11th largest position.

A number of other institutional investors also recently bought and sold shares of SMTC. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Semtech during the second quarter worth about $4,740,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Semtech during the 2nd quarter valued at approximately $349,000. Globeflex Capital L P acquired a new stake in Semtech during the 2nd quarter worth approximately $4,945,000. Bank of Nova Scotia acquired a new stake in Semtech during the 2nd quarter worth approximately $16,413,000. Finally, Greenland Capital Management LP acquired a new stake in shares of Semtech during the second quarter worth $490,000.

Semtech Stock Performance

Shares of SMTC stock opened at $124.09 on Monday. Semtech Corporation has a 1-year low of $49.04 and a 1-year high of $177.35. The firm’s 50-day simple moving average is $137.87 and its 200-day simple moving average is $117.66. The firm has a market cap of $11.56 billion, a P/E ratio of -318.18 and a beta of 2.35. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.37 and a quick ratio of 1.62.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The company had revenue of $291.02 million for the quarter, compared to analyst estimates 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 last year, the business earned $0.38 EPS. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. As a group, equities analysts forecast that Semtech Corporation will post 1.81 EPS for the current year.

Insider Transactions at Semtech

In other Semtech news, COO Asaf Silberstein sold 8,500 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $127.80, for a total transaction 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. The trade was a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Hong Q. Hou sold 2,000 shares of the company’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $133.00, for a total value of $266,000.00. Following the sale, the chief executive officer owned 64,799 shares of the company’s stock, valued at $8,618,267. This represents a 2.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 21,734 shares of company stock valued at $3,133,986 in the last ninety days. Company insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on SMTC shares. Stifel Nicolaus raised their target price on shares of Semtech from $157.00 to $188.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Robert W. Baird boosted their target price on Semtech from $110.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Morgan Stanley increased 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. Susquehanna lifted their price objective on Semtech from $170.00 to $200.00 and gave the stock a “positive” rating in a research report on Wednesday, May 27th. Finally, B. Riley Financial boosted their price target on Semtech from $165.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Semtech has a consensus rating of “Moderate Buy” and a consensus target price of $189.47.

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.