Tidal Investments LLC Invests $22.73 Million in Semtech Corporation $SMTC

Tidal Investments LLC acquired a new position in shares of Semtech Corporation (NASDAQ:SMTC) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 140,429 shares of the semiconductor company’s stock, valued at approximately $22,728,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Leonteq Securities AG raised its stake in shares of Semtech by 11.2% in the 1st quarter. Leonteq Securities AG now owns 1,171 shares of the semiconductor company’s stock valued at $90,000 after purchasing an additional 118 shares during the period. Corient Private Wealth LP raised its holdings in shares of Semtech by 4.0% in 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. Stephens Inc. AR lifted its position in shares of Semtech by 3.3% in the fourth quarter. Stephens Inc. AR now owns 4,410 shares of the semiconductor company’s stock worth $325,000 after purchasing an additional 142 shares in the last quarter. ABS Investment Management LLC acquired a new stake in Semtech in the 2nd quarter valued at $178,035,000. Finally, Captrust Financial Advisors boosted its stake in shares of Semtech by 0.8% during the 4th quarter. Captrust Financial Advisors now owns 19,302 shares of the semiconductor company’s stock worth $1,422,000 after buying an additional 162 shares during the last quarter.

Insider Transactions at Semtech

In related news, CEO Hong Q. Hou sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $133.00, for a total transaction of $266,000.00. Following the transaction, the chief executive officer directly owned 64,799 shares of the company’s stock, valued at approximately $8,618,267. This trade represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Julie Ruehl sold 1,500 shares of Semtech stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $145.00, for a total transaction of $217,500.00. Following the completion of the sale, the director owned 7,140 shares of the company’s stock, valued at $1,035,300. This trade represents a 17.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 23,234 shares of company stock worth $3,304,706. 0.44% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SMTC has been the topic of a number of analyst reports. New Street Research set a $230.00 price objective on Semtech in a research note on Thursday, August 20th. Northland Securities upgraded Semtech from a “market perform” rating to an “outperform” rating and set a $182.00 price objective on the stock in a research note on Thursday, August 27th. Benchmark reaffirmed a “buy” rating on shares of Semtech in a research report on Thursday, August 20th. Zacks Research downgraded Semtech from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. Finally, Mizuho set a $225.00 target price on Semtech in a report on Wednesday, May 27th. Fifteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $204.71.

Semtech Trading Down 2.9%

Shares of SMTC stock opened at $159.13 on Friday. Semtech Corporation has a 12-month low of $57.50 and a 12-month high of $177.35. The company has a market capitalization of $14.85 billion, a PE ratio of 105.38 and a beta of 2.35. The firm has a 50 day moving average price of $133.22 and a two-hundred day moving average price of $123.06. The company has a quick ratio of 1.31, a current ratio of 1.70 and a debt-to-equity ratio of 0.47.

Semtech (NASDAQ:SMTC) last posted its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.61 by $0.10. The company had revenue of $341.87 million for the quarter, compared to the consensus estimate of $328.67 million. Semtech had a return on equity of 21.74% and a net margin of 13.11%.The firm’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. As a group, analysts predict that Semtech Corporation will post 2.64 earnings per share for the current year.

Semtech Profile

Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and technology company that designs and supplies analog and mixed-signal products. Its solutions are used to manage, protect, connect and process electronic signals in infrastructure, data centers, industrial systems, automotive applications, consumer devices and communications equipment.

The company’s portfolio includes signal-integrity and connectivity products, power-management and protection devices, wireless and radio-frequency solutions, and specialized semiconductors.