Deutsche Bank AG purchased a new stake in Semtech Corporation (NASDAQ:SMTC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 59,478 shares of the semiconductor company's stock, valued at approximately $9,627,000. Deutsche Bank AG owned approximately 0.06% of Semtech as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the stock. Leonteq Securities AG raised its stake in shares of Semtech by 11.2% in the first quarter. Leonteq Securities AG now owns 1,171 shares of the semiconductor company's stock worth $90,000 after purchasing an additional 118 shares during the last quarter. Evergreen Capital Management LLC boosted its position in shares of Semtech by 2.3% during the fourth quarter. Evergreen Capital Management LLC now owns 5,945 shares of the semiconductor company's stock valued at $438,000 after buying an additional 136 shares during the last quarter. Stephens Inc. AR boosted its position in shares of Semtech by 3.3% during the fourth quarter. Stephens Inc. AR now owns 4,410 shares of the semiconductor company's stock valued at $325,000 after buying an additional 142 shares during the last quarter. Captrust Financial Advisors grew its holdings in Semtech by 0.8% during the fourth quarter. Captrust Financial Advisors now owns 19,302 shares of the semiconductor company's stock worth $1,422,000 after buying an additional 162 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in Semtech by 1.5% during the fourth quarter. Cetera Investment Advisers now owns 11,737 shares of the semiconductor company's stock worth $865,000 after buying an additional 177 shares in the last quarter.
Insider Activity at Semtech
In other Semtech news, CEO Hong Q. Hou sold 2,000 shares of the business's stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $133.00, for a total value of $266,000.00. Following the transaction, the chief executive officer directly owned 64,799 shares in the company, valued at $8,618,267. The trade was a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 2,264 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $129.90, for a total transaction of $294,093.60. Following the transaction, the executive vice president directly owned 8,611 shares of the company's stock, valued at $1,118,568.90. This represents a 20.82% 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. Insiders have sold 21,734 shares of company stock valued at $3,133,986 in the last 90 days. 0.44% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. Roth Capital raised their price objective on Semtech from $102.00 to $190.00 and gave the company a "buy" rating in a research note on Wednesday, May 27th. Northland Securities lowered shares of Semtech from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 26th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Semtech in a report on Thursday, June 18th. Robert W. Baird raised their price target on shares of Semtech from $110.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday, May 27th. Finally, Zacks Research upgraded shares of Semtech from a "hold" rating to a "strong-buy" rating in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $189.47.
Read Our Latest Stock Analysis on Semtech
Semtech Stock Performance
Shares of Semtech stock opened at $124.09 on Monday. The business's fifty day simple moving average is $137.87 and its 200 day simple moving average is $117.66. The firm has a market capitalization of $11.56 billion, a P/E ratio of -318.18 and a beta of 2.35. Semtech Corporation has a 12 month low of $49.04 and a 12 month high of $177.35. The company has a current ratio of 2.37, a quick ratio of 1.62 and a debt-to-equity ratio of 0.86.
Semtech (NASDAQ:SMTC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.06. The business had revenue of $291.02 million for the quarter, compared to analysts' expectations of $283.53 million. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The business's revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 earnings per share. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. As a group, analysts anticipate that Semtech Corporation will post 1.81 EPS for the current year.
About Semtech
(
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.
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