46,451 Shares in Semtech Corporation $SMTC Acquired by EFG International AG

EFG International AG purchased a new stake in Semtech Corporation (NASDAQ:SMTC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 46,451 shares of the semiconductor company’s stock, valued at approximately $7,523,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Andar Capital Management HK Ltd purchased a new position in Semtech in the second quarter valued at about $162,000,000. BlackRock Inc. purchased a new stake in shares of Semtech in the second quarter worth about $1,577,947,000. Think Investments LP acquired a new stake in shares of Semtech in the third quarter valued at about $58,618,000. Ameriprise Financial Inc. grew its stake in shares of Semtech by 10.3% in the second quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock valued at $321,040,000 after buying an additional 666,456 shares in the last quarter. Finally, Atreides Management LP purchased a new stake in shares of Semtech during the 2nd quarter valued at about $29,880,000.

Semtech Trading Up 5.5%

NASDAQ SMTC opened at $127.52 on Wednesday. The company has a market capitalization of $11.88 billion, a price-to-earnings ratio of -326.97 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 Corporation has a 12 month low of $53.62 and a 12 month high of $177.35. The company’s fifty day moving average price is $136.12 and its two-hundred day moving average price is $118.21.

Semtech (NASDAQ:SMTC) last released its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.10. The company had revenue of $341.90 million during the quarter, compared to the consensus estimate of $328.67 million. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. The company’s revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 EPS. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. As a group, research analysts predict that Semtech Corporation will post 1.81 earnings per share for the current fiscal year.

Semtech News Roundup

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Quarterly results topped expectations. Semtech reported adjusted earnings of $0.71 per share, above the $0.61–$0.62 analyst consensus and up from $0.41 a year earlier. Revenue reached a record $341.9 million, 33% above the prior-year period and ahead of expectations. Semtech Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Fiscal Q3 guidance was far above consensus. Semtech forecast revenue of approximately $410 million, or $405 million to $415 million, versus the $359.3 million analyst estimate. Adjusted diluted EPS guidance of about $1.05, with a range of $1.02 to $1.08, also exceeded the roughly $0.69 consensus. Semtech Announces Second Quarter Fiscal 2027 Results
• Positive Sentiment: Profitability and cash generation improved. Gross margin was 53.8%, operating margin was 16.3%, operating cash flow was $68.9 million, and free cash flow was $61.4 million. Commentary highlighting AI-related demand, improving inventory levels, and continued growth expectations supported the bullish reaction. Semtech Posts Record Fiscal Q2 Sales
• Neutral Sentiment: Semtech is also hosting a LoRa ecosystem forum at the IOTE 2026 exhibition, which could provide additional updates on IoT adoption and product demand but is not yet a financial catalyst. Semtech Hosts LoRa Ecosystem Forum
• Negative Sentiment: Recent filings cited by market commentary show substantial insider selling and several institutional position reductions. These transactions may temper sentiment, although they are less significant than the earnings and guidance beat.

Analysts Set New Price Targets

SMTC has been the subject of a number of analyst reports. BMO Capital Markets started coverage on Semtech in a report on Thursday, August 20th. They issued an “outperform” rating and a $155.00 price target for the company. Oppenheimer set a $200.00 price objective on shares of Semtech in a research note on Wednesday, May 27th. Susquehanna boosted their target price on shares of Semtech from $170.00 to $200.00 and gave the stock a “positive” rating in a research report on Wednesday, May 27th. Stifel Nicolaus upped their target price on shares of Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Finally, Zacks Research lowered shares of Semtech from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. Fourteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $198.00.

Insiders Place Their Bets

In other Semtech news, COO Asaf Silberstein sold 8,500 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were 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 in the company, 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 document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Hong Q. Hou sold 2,000 shares of the stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $133.00, for a total transaction of $266,000.00. Following the sale, the chief executive officer owned 64,799 shares in the company, valued at approximately $8,618,267. This trade represents a 2.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 21,734 shares of company stock valued at $3,133,986. 0.44% of the stock is owned by company insiders.

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.