Invesco Ltd. Decreases Stock Holdings in Semtech Corporation $SMTC

Invesco Ltd. lowered its stake in Semtech Corporation (NASDAQ:SMTC) by 21.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,416,780 shares of the semiconductor company’s stock after selling 383,394 shares during the quarter. Invesco Ltd. owned 1.64% of Semtech worth $63,953,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in SMTC. Archer Investment Corp grew its position in shares of Semtech by 10.8% in the second quarter. Archer Investment Corp now owns 2,050 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 200 shares during the period. Amalgamated Bank raised its position in shares of Semtech by 0.9% during the 2nd quarter. Amalgamated Bank now owns 24,229 shares of the semiconductor company’s stock worth $1,094,000 after purchasing an additional 214 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Semtech by 33.4% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 257 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Semtech by 78.4% in the 2nd quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock worth $29,000 after buying an additional 287 shares during the last quarter. Finally, Maryland State Retirement & Pension System boosted its holdings in Semtech by 1.4% in the 2nd quarter. Maryland State Retirement & Pension System now owns 25,457 shares of the semiconductor company’s stock worth $1,149,000 after buying an additional 356 shares during the last quarter.

Insider Activity

In other news, Director Martin Burvill sold 3,500 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $62.75, for a total transaction of $219,625.00. Following the completion of the transaction, the director directly owned 6,909 shares in the company, valued at approximately $433,539.75. This represents a 33.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark Lin sold 971 shares of the firm’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $72.83, for a total value of $70,717.93. Following the sale, the chief financial officer directly owned 17,844 shares of the company’s stock, valued at $1,299,578.52. The trade was a 5.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 4,971 shares of company stock valued at $323,463. 0.48% of the stock is currently owned by company insiders.

Semtech Stock Down 1.4%

NASDAQ SMTC opened at $79.44 on Thursday. The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.87. Semtech Corporation has a 52 week low of $24.05 and a 52 week high of $81.32. The business’s fifty day simple moving average is $70.16 and its 200-day simple moving average is $57.41. The firm has a market cap of $7.35 billion, a PE ratio of 256.26 and a beta of 2.01.

Semtech (NASDAQ:SMTC) last released its quarterly earnings data on Monday, November 24th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The firm had revenue of $266.97 million during the quarter, compared to analysts’ expectations of $266.36 million. During the same period last year, the business earned $0.26 earnings per share. Semtech’s revenue was up 12.8% compared to the same quarter last year. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. As a group, equities analysts anticipate that Semtech Corporation will post -0.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Roth Capital raised their target price on Semtech from $65.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. UBS Group reissued a “buy” rating on shares of Semtech in a research note on Tuesday, November 25th. Summit Insights raised shares of Semtech from a “hold” rating to a “buy” rating in a research note on Tuesday, November 25th. Robert W. Baird upped their target price on shares of Semtech from $70.00 to $88.00 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. Finally, B. Riley raised their price target on shares of Semtech from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Fifteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Semtech presently has an average rating of “Moderate Buy” and a consensus price target of $76.71.

Semtech Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.