Hennion & Walsh Asset Management Inc. bought a new position in shares of Semtech Corporation (NASDAQ:SMTC – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,156 shares of the semiconductor company’s stock, valued at approximately $673,000.
A number of other large investors have also recently modified their holdings of SMTC. Jones Financial Companies Lllp raised its holdings in shares of Semtech by 12,214.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock worth $89,000 after buying an additional 2,565 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Semtech by 11.5% during the 1st quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock worth $323,000 after buying an additional 968 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Semtech by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company’s stock valued at $14,166,000 after buying an additional 22,629 shares in the last quarter. Strs Ohio bought a new position in Semtech in the first quarter valued at about $65,000. Finally, Cetera Investment Advisers bought a new position in Semtech in the second quarter valued at about $226,000.
Analyst Ratings Changes
SMTC has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Semtech in a research note on Thursday, June 18th. Susquehanna raised their price target on shares of Semtech from $170.00 to $200.00 and gave the company a “positive” rating in a research note on Wednesday, May 27th. UBS Group lifted their price target on shares of Semtech from $165.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Robert W. Baird upped their price objective 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, Roth Capital increased 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. 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 assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.07.
Insider Buying and Selling at Semtech
In other Semtech news, EVP Jason Elliot Green sold 2,264 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $129.90, for a total transaction of $294,093.60. Following the sale, the executive vice president directly owned 8,611 shares of the company’s stock, valued at $1,118,568.90. The trade was a 20.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Asaf Silberstein sold 8,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $127.80, for a total transaction of $1,086,300.00. Following the completion of the transaction, the chief operating officer owned 96,862 shares of the company’s stock, valued at approximately $12,378,963.60. This trade represents a 8.07% 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 sold 22,234 shares of company stock worth $3,203,091 over the last quarter. Insiders own 0.44% of the company’s stock.
Semtech Stock Performance
Shares of SMTC stock opened at $140.35 on Friday. The business’s 50-day moving average price is $140.61 and its 200-day moving average price is $115.63. Semtech Corporation has a 12 month low of $46.02 and a 12 month high of $177.35. The firm has a market capitalization of $13.07 billion, a price-to-earnings ratio of -359.87 and a beta of 2.35. The company has a current ratio of 2.37, a quick ratio of 1.62 and a debt-to-equity ratio of 0.86.
Semtech (NASDAQ:SMTC – Get Free Report) last released its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.06. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The company had revenue of $291.02 million for the quarter, compared to analysts’ expectations of $283.53 million. During the same period in the previous year, the business posted $0.38 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Equities research analysts forecast that Semtech Corporation will post 1.81 EPS for the current year.
Semtech 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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