Semtech Corporation $SMTC Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lessened its holdings in Semtech Corporation (NASDAQ:SMTC) by 19.1% during the third quarter, Holdings Channel.com reports. The firm owned 27,220 shares of the semiconductor company’s stock after selling 6,410 shares during the quarter. Semtech comprises about 1.3% of Lisanti Capital Growth LLC’s portfolio, making the stock its 27th largest holding. Lisanti Capital Growth LLC’s holdings in Semtech were worth $4,855,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. North Dakota State Investment Board increased its stake in shares of Semtech by 3.8% during the third quarter. North Dakota State Investment Board now owns 2,838 shares of the semiconductor company’s stock valued at $506,000 after purchasing an additional 105 shares in the last quarter. Corient Private Wealth LP lifted its holdings in shares of Semtech by 4.0% during the second quarter. Corient Private Wealth LP now owns 3,147 shares of the semiconductor company’s stock valued at $515,000 after purchasing an additional 122 shares during the last quarter. REAP Financial Group LLC bought a new stake in shares of Semtech in the 3rd quarter worth approximately $27,000. SBI Securities Co. Ltd. boosted its position in shares of Semtech by 29.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 679 shares of the semiconductor company’s stock worth $121,000 after purchasing an additional 155 shares in the last quarter. Finally, ABS Investment Management LLC bought a new stake in shares of Semtech in the 2nd quarter worth approximately $178,035,000.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. BMO Capital Markets upped their price target on Semtech from $155.00 to $230.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 13th. Seaport Research Partners assumed coverage on Semtech in a research note on Tuesday, September 22nd. They set a “buy” rating and a $200.00 price objective for the company. Weiss Ratings cut Semtech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, November 4th. Morgan Stanley set a $205.00 target price on Semtech in a report on Friday, October 16th. Finally, Robert W. Baird increased their target price on Semtech from $225.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Semtech has an average rating of “Moderate Buy” and a consensus price target of $212.00.

Insider Activity at Semtech

In related news, Director Rodolpho Cardenuto sold 5,321 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $165.00, for a total value of $877,965.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Hong Hou sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $138.71, for a total value of $277,420.00. Following the completion of the transaction, the chief executive officer directly owned 60,799 shares in the company, valued at $8,433,429.29. This trade represents a 3.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 14,237 shares of company stock valued at $2,337,597 over the last ninety days. Corporate insiders own 0.44% of the company’s stock.

Semtech Stock Up 10.3%

NASDAQ:SMTC opened at $125.22 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.31 and a current ratio of 1.70. The firm has a market cap of $11.69 billion, a P/E ratio of 82.93 and a beta of 2.50. Semtech Corporation has a fifty-two week low of $60.28 and a fifty-two week high of $201.99. The firm has a 50-day simple moving average of $154.33 and a two-hundred day simple moving average of $126.12.

Semtech (NASDAQ:SMTC) last issued its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.10. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The firm had revenue of $341.87 million for the quarter, compared to the consensus estimate of $328.67 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The business’s revenue was up 32.7% on a year-over-year basis. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Analysts predict that Semtech Corporation will post 2.80 earnings per share for the current fiscal year.

Semtech Company Profile

Semtech Corporation is a semiconductor and connectivity technology company that develops products for communications, industrial, and consumer applications. Its portfolio includes analog and mixed-signal semiconductors, signal-integrity and protection products, and power-management solutions used in electronic systems. The company is known for LoRa technology, which supports low-power, long-range wireless communications for Internet of Things (IoT) devices. Semtech also provides cellular IoT modules, routers, and related services, expanding its connectivity offerings through its acquisition of Sierra Wireless in 2023.