Teachers Retirement System of The State of Kentucky Raises Stock Holdings in Semtech Corporation $SMTC

Posted by Stanley Muller on Jul 15th, 2026

Teachers Retirement System of The State of Kentucky raised its stake in shares of Semtech Corporation (NASDAQ:SMTC – Free Report) by 38.5% during the 1st quarter, Holdings Channel.com reports. The fund owned 30,066 shares of the semiconductor company’s stock after purchasing an additional 8,355 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Semtech were worth $2,311,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Semtech by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 11,858,352 shares of the semiconductor company’s stock valued at $873,842,000 after purchasing an additional 298,987 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Semtech by 10.3% in the second quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock worth $321,040,000 after purchasing an additional 666,456 shares during the last quarter. State Street Corp boosted its holdings in Semtech by 1.5% in the second quarter. State Street Corp now owns 4,037,107 shares of the semiconductor company’s stock worth $182,235,000 after purchasing an additional 60,788 shares during the last quarter. Whale Rock Capital Management LLC boosted its holdings in Semtech by 11.3% in the fourth quarter. Whale Rock Capital Management LLC now owns 3,901,469 shares of the semiconductor company’s stock worth $287,499,000 after purchasing an additional 396,504 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in Semtech by 9.8% in the 2nd quarter. Alliancebernstein L.P. now owns 3,318,384 shares of the semiconductor company’s stock worth $149,792,000 after purchasing an additional 294,990 shares during the period.

Analyst Upgrades and Downgrades

SMTC has been the topic of several research analyst reports. TD Cowen increased their price target on Semtech from $210.00 to $215.00 and gave the company a “buy” rating in a report on Monday, June 22nd. UBS Group lifted their price objective on Semtech from $165.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Citigroup cut Semtech from a “buy” rating to a “market perform” rating in a research report on Tuesday, May 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Semtech in a report on Thursday, June 18th. Finally, Morgan Stanley raised their target price on Semtech from $155.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Semtech has a consensus rating of “Moderate Buy” and an average price target of $189.07.

Get Our Latest Report on SMTC

Insiders Place Their Bets

In related news, EVP Jason Elliot Green sold 2,264 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $129.90, for a total transaction of $294,093.60. Following the completion of the transaction, the executive vice president directly owned 8,611 shares in the company, valued at approximately $1,118,568.90. The trade was a 20.82% decrease in their position. The sale 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 stock in a transaction that occurred 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 directly owned 96,862 shares of the company’s stock, valued at $12,378,963.60. This represents a 8.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 22,734 shares of company stock valued at $3,256,056. 0.48% of the stock is currently owned by corporate insiders.

Semtech Trading Up 7.0%

Shares of Semtech stock opened at $141.36 on Wednesday. Semtech Corporation has a 1-year low of $46.02 and a 1-year high of $177.35. The company’s fifty day simple moving average is $148.96 and its 200-day simple moving average is $107.58. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.37 and a quick ratio of 1.62. The stock has a market capitalization of $13.17 billion, a PE ratio of -362.46 and a beta of 2.31.

Semtech (NASDAQ:SMTC – Get Free Report) last posted its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 EPS 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 firm had revenue of $291.02 million during the quarter, compared to analyst estimates of $283.53 million. During the same period in the prior year, the business posted $0.38 EPS. Semtech’s revenue was up 15.9% on a year-over-year basis. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. As a group, equities analysts anticipate that Semtech Corporation will post 1.81 earnings per share for the current year.

Semtech 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.