Semtech Corporation $SMTC Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its position in Semtech Corporation (NASDAQ:SMTC) by 13.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 240,418 shares of the semiconductor company’s stock after buying an additional 27,834 shares during the period. Rhumbline Advisers’ holdings in Semtech were worth $10,852,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its stake in Semtech by 78.4% during the second quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 287 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Semtech during the 2nd quarter worth about $33,000. Smartleaf Asset Management LLC increased its position in Semtech by 33.4% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 257 shares in the last quarter. Strs Ohio acquired a new stake in Semtech during the 1st quarter worth approximately $65,000. Finally, Jones Financial Companies Lllp raised its holdings in Semtech by 12,214.3% in the first quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock valued at $89,000 after buying an additional 2,565 shares during the period.

Semtech Stock Performance

NASDAQ:SMTC opened at $74.18 on Monday. The firm has a 50-day moving average of $68.09 and a two-hundred day moving average of $55.41. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.53 and a quick ratio of 1.78. The stock has a market cap of $6.86 billion, a P/E ratio of 309.06 and a beta of 2.03. Semtech Corporation has a 1-year low of $24.05 and a 1-year high of $79.52.

Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $266.97 million for the quarter, compared to analysts’ expectations of $266.36 million. Semtech had a return on equity of 18.28% and a net margin of 2.38%.The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. On average, research analysts expect that Semtech Corporation will post -0.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Semtech

In other news, Director Paul V. Walsh, Jr. sold 500 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $66.24, for a total transaction of $33,120.00. Following the completion of the transaction, the director directly owned 26,779 shares in the company, valued at approximately $1,773,840.96. This represents a 1.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Martin Burvill sold 3,500 shares of the firm’s stock in a transaction that occurred 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 sale, the director directly owned 6,909 shares of the company’s stock, valued at $433,539.75. The trade was a 33.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,971 shares of company stock valued at $323,463 in the last three months. Corporate insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. TD Cowen began coverage on shares of Semtech in a research note on Wednesday, October 1st. They set a “buy” rating and a $75.00 price objective for the company. Northland Securities upped their price target on shares of Semtech from $48.00 to $53.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 26th. Roth Capital raised their price objective on Semtech from $65.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. B. Riley boosted their price objective on Semtech from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Finally, Stifel Nicolaus set a $80.00 target price on Semtech in a research note on Wednesday, October 1st. 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 MarketBeat, Semtech presently has an average rating of “Moderate Buy” and a consensus target price 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.