Icon Advisers Inc. Co. Makes New Investment in Semtech Corporation $SMTC

Posted by George Bondi on Jul 23rd, 2026

Icon Advisers Inc. Co. acquired a new stake in shares of Semtech Corporation (NASDAQ:SMTC – Free Report) in the first quarter, Holdings Channel.com reports. The fund acquired 20,000 shares of the semiconductor company’s stock, valued at approximately $1,538,000.

Other large investors have also modified their holdings of the company. Banque Cantonale Vaudoise acquired a new position in shares of Semtech in the 1st quarter worth $33,000. IFP Advisors Inc acquired a new stake in shares of Semtech during the fourth quarter worth $53,000. Smartleaf Asset Management LLC lifted its holdings in shares of Semtech by 24.1% during the second quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 247 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Semtech during the fourth quarter valued at $60,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Semtech by 1,215.4% during the third quarter. NewEdge Advisors LLC now owns 855 shares of the semiconductor company’s stock valued at $61,000 after purchasing an additional 790 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SMTC shares. Oppenheimer set a $200.00 price target on Semtech in a research note on Wednesday, May 27th. Roth Capital upped their price objective on shares of Semtech from $102.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Susquehanna raised their target price on shares of Semtech from $170.00 to $200.00 and gave the stock a “positive” rating in a report on Wednesday, May 27th. Stifel Nicolaus raised their target price on shares of Semtech from $157.00 to $188.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Semtech in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Semtech has an average rating of “Moderate Buy” and an average target price of $189.07.

Read Our Latest Research Report on SMTC

Insider Activity at Semtech

In related news, CFO Mark Lin sold 970 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $150.41, for a total transaction of $145,897.70. Following the completion of the sale, the chief financial officer directly owned 34,896 shares in the company, valued at approximately $5,248,707.36. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Michael Wilson sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $170.00, for a total transaction of $935,000.00. Following the transaction, the insider directly owned 80,876 shares in the company, valued at $13,748,920. The trade was a 6.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 22,234 shares of company stock worth $3,203,091. Company insiders own 0.44% of the company’s stock.

Semtech Stock Performance

Shares of Semtech stock opened at $136.93 on Thursday. Semtech Corporation has a 12 month low of $46.02 and a 12 month high of $177.35. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86. The stock has a market cap of $12.76 billion, a PE ratio of -351.10 and a beta of 2.31. The business has a fifty day simple moving average of $149.32 and a 200-day simple moving average of $109.97.

Semtech (NASDAQ:SMTC – Get Free Report) last posted its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. The firm had revenue of $291.02 million for the quarter, compared to analyst estimates of $283.53 million. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.Semtech’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 earnings per share. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. On average, sell-side analysts anticipate that Semtech Corporation will post 1.81 EPS for the current fiscal year.

Semtech Company Profile

(Free Report)

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.