Hsbc Holdings PLC bought a new position in shares of Semtech Corporation (NASDAQ:SMTC – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,665 shares of the semiconductor company’s stock, valued at approximately $2,018,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. EFG International AG bought a new stake in shares of Semtech in the 2nd quarter valued at about $7,523,000. Palisade Capital Management LP bought a new stake in Semtech in the 2nd quarter valued at $19,094,000. Canada Pension Plan Investment Board acquired a new position in Semtech in the 2nd quarter worth $39,313,000. Castleark Management LLC acquired a new position in Semtech in the 2nd quarter worth $14,764,000. Finally, Osterweis Capital Management Inc. bought a new position in Semtech during the 2nd quarter worth about $9,783,000.
Semtech Stock Performance
Shares of NASDAQ SMTC opened at $131.17 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.31 and a current ratio of 1.70. The stock has a 50 day moving average price of $135.08 and a 200 day moving average price of $119.31. The stock has a market capitalization of $12.24 billion, a PE ratio of 86.87 and a beta of 2.35. Semtech Corporation has a 52 week low of $55.18 and a 52 week high of $177.35.
Insider Buying and Selling at Semtech
In other news, EVP Jason Elliot Green sold 2,264 shares of Semtech stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $129.90, for a total value of $294,093.60. Following the completion of the transaction, the executive vice president owned 8,611 shares of the company’s stock, valued at $1,118,568.90. This trade represents a 20.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 business’s stock in a transaction dated 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 transaction, the chief operating officer owned 96,862 shares in the company, valued at $12,378,963.60. This represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,734 shares of company stock valued at $3,133,986 in the last 90 days. Company insiders own 0.44% of the company’s stock.
Trending Headlines about Semtech
Here are the key news stories impacting Semtech this week:
- Positive Sentiment: Strong quarterly results: Semtech reported record sales of approximately $341.9 million, up about 33% year over year, while adjusted earnings of $0.71 per share exceeded the $0.61 consensus estimate. Net income reportedly expanded 89%. Why Semtech Stock Was Flying This Week
- Positive Sentiment: AI data-center momentum: Reports highlight roughly $100 million in AI data-center demand and identify connectivity as a potential bottleneck for AI infrastructure. This supports expectations for continued growth in Semtech’s analog and signal-integrity businesses. Analog Bets Pay Off: Semtech Shatters Records as AI Data Center Demand Hits $100M
- Positive Sentiment: Raised outlook and improving balance sheet: Coverage cites higher guidance, expanding margins, debt reduction, and expectations for stronger near-term growth. The company’s reported third-quarter fiscal 2027 EPS outlook is $1.02–$1.08. Semtech Stock Rallies on Strong Q2 Results and Raised Guidance
- Positive Sentiment: Analyst support: Northland Securities upgraded Semtech to Outperform with a $182 price target, while Needham reaffirmed its Buy rating. Other coverage points to a consensus target near $200, reinforcing the bullish narrative. Northland lifts Semtech rating
- Neutral Sentiment: New product opportunity: The LoRa Plus transceiver lineup could strengthen Semtech’s position in long-range IoT connectivity, although the financial contribution and adoption pace remain uncertain. What Does Semtech Gain From Its New LoRa Plus Transceivers?
- Negative Sentiment: Valuation and volatility risks: Semtech trades at a high earnings multiple, and its elevated beta makes the stock sensitive to profit-taking after a sharp advance. Unusually high trading volume indicates that investors are actively reassessing the shares following earnings. Semtech Sees Unusually-High Trading Volume After Strong Earnings
Wall Street Analyst Weigh In
SMTC has been the subject of several recent research reports. Robert W. Baird upped their price objective on Semtech from $225.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday. Craig Hallum boosted their target price on Semtech from $105.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. BMO Capital Markets initiated coverage on Semtech in a research report on Wednesday. They set an “outperform” rating and a $155.00 price target for the company. Roth Capital set a $220.00 price target on shares of Semtech in a research note on Wednesday. Finally, New Street Research set a $230.00 price objective on shares of Semtech in a report on Thursday, August 20th. Fifteen investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $204.71.
Get Our Latest Analysis on Semtech
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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