33,630 Shares in Semtech Corporation $SMTC Acquired by Lisanti Capital Growth LLC

Key Points

• Lisanti Capital Growth acquired 33,630 Semtech shares worth approximately $5.44 million in the second quarter, while other major institutions—including BlackRock, Vanguard, Ameriprise Financial and State Street—also increased or initiated positions.
• Semtech insiders sold 21,734 shares worth about $3.13 million over the past 90 days, including sales by the CEO and COO under pre-arranged Rule 10b5-1 plans; insiders now own 0.44% of the company.
• Semtech’s stock opened at $125.36 after a reported 7.3% decline, despite quarterly results beating expectations with $0.51 EPS and $291.02 million in revenue. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $189.07.

Lisanti Capital Growth LLC acquired a new position in shares of Semtech Corporation (NASDAQ:SMTC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 33,630 shares of the semiconductor company's stock, valued at approximately $5,443,000.

Other institutional investors also recently bought and sold shares of the company. Andar Capital Management HK Ltd purchased a new position in shares of Semtech in the second quarter valued at $162,000,000. Vanguard Group Inc. boosted its position in shares of Semtech by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 11,858,352 shares of the semiconductor company's stock worth $873,842,000 after buying an additional 298,987 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Semtech in the 2nd quarter worth about $1,577,947,000. Ameriprise Financial Inc. grew its stake in Semtech by 10.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company's stock valued at $321,040,000 after acquiring an additional 666,456 shares during the last quarter. Finally, State Street Corp increased its holdings in Semtech by 1.5% during the 2nd quarter. State Street Corp now owns 4,037,107 shares of the semiconductor company's stock valued at $182,235,000 after acquiring an additional 60,788 shares in the last quarter.

Insider Activity at Semtech

In related news, CEO Hong Q. Hou sold 2,000 shares of the company's stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $133.00, for a total transaction of $266,000.00. Following the completion of the transaction, the chief executive officer owned 64,799 shares of the company's stock, valued at approximately $8,618,267. This represents a 2.99% decrease in their ownership of the stock. The sale 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, 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 transaction, the chief operating officer directly owned 96,862 shares in the company, valued at approximately $12,378,963.60. This represents a 8.07% decrease in their position. The SEC filing for this sale provides additional information. 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 worth $3,133,986. Corporate insiders own 0.44% of the company's stock.

Semtech Trading Down 7.3%

Shares of Semtech stock opened at $125.36 on Thursday. Semtech Corporation has a fifty-two week low of $46.02 and a fifty-two week high of $177.35. The firm has a market cap of $11.68 billion, a PE ratio of -321.44 and a beta of 2.35. The business's fifty day moving average is $139.50 and its two-hundred day moving average is $117.09. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SMTC shares. Morgan Stanley lifted their target price on shares of Semtech from $155.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 27th. Craig Hallum increased their price target on shares of Semtech from $105.00 to $205.00 and gave the company a "buy" rating in a research report on Wednesday, May 27th. Weiss Ratings reissued a "sell (d-)" rating on shares of Semtech in a research note on Thursday, June 18th. Robert W. Baird lifted their price objective on Semtech from $110.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 27th. Finally, Citigroup lowered Semtech from a "buy" rating to a "market perform" rating in a research note on Tuesday, May 26th. 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 issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $189.07.

Semtech Company 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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