E20 Capital Ltd bought a new stake in shares of Semtech Corporation (NASDAQ:SMTC – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 283,643 shares of the semiconductor company’s stock, valued at approximately $21,809,000. Semtech comprises about 2.0% of E20 Capital Ltd’s portfolio, making the stock its 18th biggest holding.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC boosted its stake in shares of Semtech by 10.2% in the first quarter. Janus Henderson Group PLC now owns 61,443 shares of the semiconductor company’s stock worth $4,723,000 after acquiring an additional 5,699 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Semtech by 24.8% during the first quarter. California State Teachers Retirement System now owns 102,818 shares of the semiconductor company’s stock worth $7,906,000 after purchasing an additional 20,408 shares in the last quarter. Quantinno Capital Management LP raised its stake in Semtech by 53.1% in the 1st quarter. Quantinno Capital Management LP now owns 14,342 shares of the semiconductor company’s stock valued at $1,103,000 after purchasing an additional 4,973 shares during the last quarter. Castleark Management LLC raised its stake in Semtech by 4.7% in the 1st quarter. Castleark Management LLC now owns 107,758 shares of the semiconductor company’s stock valued at $8,286,000 after purchasing an additional 4,800 shares during the last quarter. Finally, ABS Direct Equity Fund LLC purchased a new position in Semtech in the 1st quarter valued at $85,000.
Insider Buying and Selling
In other Semtech news, COO Asaf Silberstein sold 8,500 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $127.80, for a total transaction of $1,086,300.00. Following the completion of the sale, the chief operating officer owned 96,862 shares of the company’s stock, valued at $12,378,963.60. This trade represents a 8.07% 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, insider John Michael Wilson sold 5,500 shares of Semtech stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $170.00, for a total value of $935,000.00. Following the completion of the sale, the insider owned 80,876 shares in the company, valued at $13,748,920. This represents a 6.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 22,234 shares of company stock valued at $3,203,091 in the last ninety days. Company insiders own 0.44% of the company’s stock.
Semtech Stock Performance
Semtech (NASDAQ:SMTC – Get Free Report) last announced its quarterly 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 the consensus estimate of $283.53 million. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 EPS. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Analysts forecast that Semtech Corporation will post 1.81 EPS for the current year.
Analyst Upgrades and Downgrades
SMTC has been the topic of several recent research reports. B. Riley Financial lifted their target price on shares of Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 target price on shares of Semtech in a research report on Monday, July 13th. Roth Capital raised their price target on shares of Semtech from $102.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Robert W. Baird boosted 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 upped their price objective on shares of Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Semtech has an average rating of “Moderate Buy” and an average target price of $189.07.
Check Out Our Latest Report on Semtech
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.
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