Semtech Corporation $SMTC Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its position in Semtech Corporation (NASDAQ:SMTC) by 16.5% during the first quarter, Holdings Channel.com reports. The firm owned 125,582 shares of the semiconductor company’s stock after buying an additional 17,757 shares during the period. SG Americas Securities LLC’s holdings in Semtech were worth $9,656,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SMTC. Think Investments LP acquired a new position in shares of Semtech in the third quarter valued at approximately $58,618,000. Ameriprise Financial Inc. grew its stake in Semtech by 10.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock worth $321,040,000 after acquiring an additional 666,456 shares during the period. Atreides Management LP acquired a new position in Semtech in the 2nd quarter valued at $29,880,000. Schroder Investment Management Group lifted its stake in shares of Semtech by 199.3% during the 3rd quarter. Schroder Investment Management Group now owns 879,880 shares of the semiconductor company’s stock worth $62,867,000 after purchasing an additional 585,852 shares during the period. Finally, Capital Research Global Investors boosted its holdings in shares of Semtech by 13.9% during the third quarter. Capital Research Global Investors now owns 4,691,676 shares of the semiconductor company’s stock worth $335,220,000 after purchasing an additional 571,372 shares during the last quarter.

Semtech Stock Performance

Semtech stock opened at $149.75 on Friday. The company has a market cap of $13.95 billion, a price-to-earnings ratio of -383.97 and a beta of 2.32. Semtech Corporation has a 12 month low of $42.38 and a 12 month high of $177.35. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.37 and a quick ratio of 1.62. The stock’s 50-day moving average is $140.43 and its 200-day moving average is $101.91.

Semtech (NASDAQ:SMTC) last issued its earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. The business had revenue of $291.02 million during the quarter, compared to analysts’ expectations of $283.53 million. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Equities analysts anticipate that Semtech Corporation will post 1.81 earnings per share for the current year.

Insider Activity

In other Semtech news, CEO Hong Q. Hou sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $162.10, for a total transaction of $324,200.00. Following the completion of the sale, the chief executive officer directly owned 69,228 shares in the company, valued at $11,221,858.80. The trade was a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Michael Wilson sold 5,500 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $170.00, for a total transaction of $935,000.00. Following the completion of the sale, the insider directly owned 80,876 shares of the company’s stock, valued at $13,748,920. The trade was a 6.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 21,974 shares of company stock valued at $2,555,791 over the last quarter. 0.48% of the stock is owned by insiders.

Analyst Ratings Changes

SMTC has been the subject of several recent analyst reports. Benchmark lifted their price target on Semtech from $120.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Mizuho set a $225.00 price objective on shares of Semtech in a report on Wednesday, May 27th. B. Riley Financial raised their target price on shares of Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Robert W. Baird upped their price target on shares of Semtech from $110.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Finally, Stifel Nicolaus increased their price target 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. Thirteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $189.07.

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.