19,300 Shares in Semtech Corporation $SMTC Acquired by New Mexico Educational Retirement Board

Key Points

• New institutional investment: The New Mexico Educational Retirement Board acquired 19,300 Semtech shares worth approximately $3.1 million in the second quarter. Several other institutional investors also increased their positions.
• Strong quarterly performance: Semtech reported earnings of $0.71 per share, exceeding the $0.61 consensus estimate, while revenue rose 32.7% year over year to $341.87 million. The company issued third-quarter fiscal 2027 EPS guidance of $1.02–$1.08.
• Positive analyst outlook, but elevated risks: Analysts maintain a consensus “Moderate Buy” rating with an average price target of $204.71, although insiders sold shares recently and the stock’s high valuation and volatility remain concerns.

New Mexico Educational Retirement Board bought a new position in Semtech Corporation (NASDAQ:SMTC - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,300 shares of the semiconductor company's stock, valued at approximately $3,124,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Royce & Associates LP grew its holdings in Semtech by 144.5% during the fourth quarter. Royce & Associates LP now owns 107,617 shares of the semiconductor company's stock worth $7,930,000 after acquiring an additional 63,603 shares during the period. Argos Wealth Advisors LLC acquired a new stake in Semtech in the 4th quarter valued at about $640,000. Geode Capital Management LLC lifted its holdings in Semtech by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 2,099,033 shares of the semiconductor company's stock valued at $154,704,000 after acquiring an additional 6,715 shares during the last quarter. Strs Ohio boosted its position in shares of Semtech by 558.9% during the 4th quarter. Strs Ohio now owns 48,100 shares of the semiconductor company's stock valued at $3,544,000 after purchasing an additional 40,800 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Semtech by 6.9% during the 1st quarter. Swiss National Bank now owns 183,000 shares of the semiconductor company's stock valued at $14,071,000 after purchasing an additional 11,800 shares in the last quarter.

Insider Buying and Selling at Semtech

In related news, EVP Jason Elliot Green sold 2,264 shares of the firm'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 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 approximately $1,118,568.90. This trade represents a 20.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Hong Q. Hou sold 2,000 shares of Semtech stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $133.00, for a total transaction of $266,000.00. Following the transaction, the chief executive officer owned 64,799 shares in the company, valued at approximately $8,618,267. The trade was a 2.99% 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 have sold 21,734 shares of company stock valued at $3,133,986 over the last three months. 0.44% of the stock is owned by insiders.

Semtech Trading Down 7.9%

Shares of SMTC opened at $131.17 on Friday. The business's 50-day moving average price is $135.08 and its 200 day moving average price is $119.10. The company has a current ratio of 1.70, a quick ratio of 1.62 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $12.24 billion, a P/E ratio of 86.87 and a beta of 2.35. Semtech Corporation has a 1-year low of $55.18 and a 1-year high of $177.35.

Semtech (NASDAQ:SMTC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.10. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The company had revenue of $341.87 million during the quarter, compared to analyst estimates of $328.67 million. During the same period in the prior year, the firm earned $0.41 earnings per share. The business's quarterly revenue was up 32.7% on a year-over-year basis. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Analysts expect that Semtech Corporation will post 2.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SMTC has been the topic of several recent research reports. TD Cowen lifted their price objective on shares of Semtech from $210.00 to $215.00 and gave the stock a "buy" rating in a research note on Monday, June 22nd. Morgan Stanley increased their target price on shares of Semtech from $175.00 to $195.00 and gave the company an "equal weight" rating in a research note on Wednesday. Susquehanna raised their target price on shares of Semtech from $170.00 to $200.00 and gave the stock a "positive" rating in a report on Wednesday, May 27th. BMO Capital Markets began coverage on shares of Semtech in a research report on Wednesday. They issued an "outperform" rating and a $155.00 price target on the stock. Finally, Zacks Research cut Semtech from a "strong-buy" rating to a "hold" rating in a report on Friday, August 21st. Fifteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Semtech presently has a consensus rating of "Moderate Buy" and an average target price of $204.71.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source