Canada Pension Plan Investment Board bought a new stake in shares of Semtech Corporation (NASDAQ:SMTC – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 242,900 shares of the semiconductor company’s stock, valued at approximately $39,313,000. Canada Pension Plan Investment Board owned 0.26% of Semtech as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. FNY Investment Advisers LLC boosted its position in Semtech by 900.0% during the second quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 180 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Semtech in the 2nd quarter worth about $32,000. Banque Cantonale Vaudoise acquired a new position in Semtech in the 1st quarter worth about $33,000. IFP Advisors Inc purchased a new stake in shares of Semtech during the 4th quarter worth about $53,000. Finally, Allworth Financial LP purchased a new stake in shares of Semtech during the 2nd quarter worth about $55,000.
Analyst Ratings Changes
Several equities research analysts recently commented on SMTC shares. Craig Hallum boosted their price target on Semtech from $105.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Zacks Research lowered shares of Semtech from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. Oppenheimer set a $200.00 target price on shares of Semtech in a research note on Wednesday, May 27th. Robert W. Baird boosted their target price on shares of Semtech from $225.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, UBS Group increased their price target on shares of Semtech from $225.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday. Fifteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Semtech has an average rating of “Moderate Buy” and an average price target of $204.71.
More Semtech News
Here are the key news stories impacting Semtech this week:
- Positive Sentiment: Quarterly beat and stronger outlook: Semtech reported adjusted EPS of $0.71 versus the $0.61 consensus estimate and revenue of approximately $341.9 million, ahead of expectations. Revenue grew roughly 33% year over year, while management issued Q3 EPS guidance of $1.02–$1.08. Semtech Stock Rallies on Strong Q2 Results and Raised Guidance
- Positive Sentiment: AI and data-center demand are accelerating: Data-center revenue reportedly rose 91%, supported by AI infrastructure investment. Management highlighted a ramp toward 1.6-terabit connectivity, record backlog, capacity expansion, and sustained demand for higher-speed networking products. SMTC Q2 Earnings Call Spotlights 1.6T Data Center Growth
- Positive Sentiment: Portfolio shift may improve profitability: Semtech’s planned divestiture of its cellular business is intended to concentrate resources on data-center and connectivity markets, while potentially creating a structural improvement in margins. Debt reduction and stronger profitability also supported the bullish reaction. Semtech Dumps Cellular Business to Double Down on Data Centers
- Positive Sentiment: Analysts raised their stance: Northland Securities upgraded SMTC from Market Perform to Outperform and set a $182 price target, arguing that connectivity is becoming a key bottleneck for AI infrastructure. Needham maintained a Buy rating with a $200 target, while other analysts cited targets as high as $215. Northland lifts Semtech rating, sees connectivity as the AI bottleneck
- Neutral Sentiment: Investor expectations are elevated: Increased call-option activity reflects bullish positioning, but SMTC trades at a high earnings multiple and remains exposed to execution, capacity-expansion, and semiconductor-cycle risks.
Insider Activity at Semtech
In other news, CFO Mark Lin sold 970 shares of Semtech stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $150.41, for a total value of $145,897.70. Following the transaction, the chief financial officer owned 34,896 shares of the company’s stock, valued at $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 this hyperlink. 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 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 sale, the chief operating officer directly owned 96,862 shares of the company’s stock, valued at approximately $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 21,734 shares of company stock valued at $3,133,986. 0.44% of the stock is owned by company insiders.
Semtech Stock Performance
SMTC opened at $142.43 on Friday. The company has a market cap of $13.27 billion, a PE ratio of 94.33 and a beta of 2.35. The stock has a 50-day moving average of $135.62 and a 200-day moving average of $119.01. Semtech Corporation has a 52-week low of $55.18 and a 52-week high of $177.35. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.62 and a current ratio of 1.70.
Semtech (NASDAQ:SMTC – Get Free Report) last issued its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. Semtech had a return on equity of 21.74% and a net margin of 13.11%.The business had revenue of $341.87 million for the quarter, compared to the consensus estimate of $328.67 million. During the same period last year, the business earned $0.41 EPS. The firm’s revenue was up 32.7% compared to the same quarter last year. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. As a group, equities research analysts forecast that Semtech Corporation will post 1.81 earnings per share for the current fiscal year.
About Semtech
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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