JB Capital LLC Takes $4.53 Million Position in Semtech Corporation $SMTC

JB Capital LLC bought a new position in shares of Semtech Corporation (NASDAQ:SMTC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 63,383 shares of the semiconductor company’s stock, valued at approximately $4,529,000. JB Capital LLC owned 0.07% of Semtech as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in Semtech by 26.6% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 10,000 shares of the semiconductor company’s stock worth $714,000 after purchasing an additional 2,100 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Semtech by 637.3% during the third quarter. Pacer Advisors Inc. now owns 11,620 shares of the semiconductor company’s stock worth $830,000 after buying an additional 10,044 shares in the last quarter. CHICAGO TRUST Co NA purchased a new stake in Semtech during the third quarter worth $213,000. Accel Wealth Management acquired a new stake in Semtech during the third quarter valued at $235,000. Finally, GAMMA Investing LLC increased its holdings in Semtech by 7.8% in the third quarter. GAMMA Investing LLC now owns 4,103 shares of the semiconductor company’s stock valued at $293,000 after buying an additional 296 shares in the last quarter.

Semtech Stock Down 0.8%

NASDAQ SMTC opened at $75.16 on Wednesday. The business has a fifty day moving average price of $71.49 and a 200 day moving average price of $61.02. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43. The company has a market cap of $6.96 billion, a P/E ratio of 242.45 and a beta of 2.01. Semtech Corporation has a one year low of $24.05 and a one year high of $81.32.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SMTC. B. Riley raised their target price on Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Needham & Company LLC reissued a “buy” rating and issued a $80.00 price objective on shares of Semtech in a report on Tuesday, November 25th. Weiss Ratings restated a “hold (c-)” rating on shares of Semtech in a research report on Monday. UBS Group reiterated a “buy” rating on shares of Semtech in a research report on Tuesday, November 25th. Finally, Summit Insights raised shares of Semtech from a “hold” rating to a “buy” rating in a report on Tuesday, November 25th. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.50.

Insider Transactions at Semtech

In other Semtech news, CFO Mark Lin sold 971 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $72.83, for a total value of $70,717.93. Following the transaction, the chief financial officer directly owned 17,844 shares of the company’s stock, valued at $1,299,578.52. This trade represents a 5.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul V. Walsh, Jr. sold 500 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $71.61, for a total value of $35,805.00. Following the completion of the sale, the director directly owned 25,779 shares of the company’s stock, valued at approximately $1,846,034.19. This represents a 1.90% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,971 shares of company stock valued at $139,643. 0.48% of the stock is owned by insiders.

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.