Alyeska Investment Group L.P. bought a new stake 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 and Exchange Commission. The fund bought 25,427 shares of the semiconductor company's stock, valued at approximately $4,115,000.
A number of other large investors also recently bought and sold shares of the business. Cookson Peirce & Co. Inc. lifted its holdings in shares of Semtech by 13.8% during the second quarter. Cookson Peirce & Co. Inc. now owns 14,058 shares of the semiconductor company's stock valued at $2,275,000 after purchasing an additional 1,700 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Semtech by 10,182.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 193,626 shares of the semiconductor company's stock valued at $31,338,000 after acquiring an additional 191,743 shares in the last quarter. Greenleaf Trust purchased a new position in shares of Semtech in the 2nd quarter worth about $399,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Semtech by 396.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,125 shares of the semiconductor company's stock valued at $136,298,000 after purchasing an additional 672,447 shares during the last quarter. Finally, New Mexico Educational Retirement Board purchased a new position in Semtech in the second quarter worth about $3,124,000.
Insider Activity at Semtech
In other Semtech news, EVP Jason Elliot Green sold 2,264 shares of Semtech stock in a transaction 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 directly 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 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 stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $127.80, for a total transaction of $1,086,300.00. Following the completion of the transaction, the chief operating officer directly owned 96,862 shares of the company's stock, valued at approximately $12,378,963.60. The trade was a 8.07% decrease in their position. 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 over the last quarter. 0.44% of the stock is currently owned by insiders.
Semtech Stock Down 0.5%
Shares of SMTC opened at $132.27 on Wednesday. The business's 50 day moving average is $133.62 and its 200 day moving average is $119.93. The company has a current ratio of 1.70, a quick ratio of 1.31 and a debt-to-equity ratio of 0.47. Semtech Corporation has a 12-month low of $55.18 and a 12-month high of $177.35. The company has a market capitalization of $12.34 billion, a PE ratio of 87.60 and a beta of 2.35.
Semtech (NASDAQ:SMTC - Get Free Report) last released its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.61 by $0.10. The firm had revenue of $341.87 million for the quarter, compared to the consensus estimate of $328.67 million. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The company's quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 earnings per share. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Research analysts expect that Semtech Corporation will post 2.64 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
SMTC has been the topic of a number of research analyst reports. Stifel Nicolaus upped their price target on Semtech from $157.00 to $188.00 and gave the company a "buy" rating in a report on Wednesday, May 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $200.00 target price on shares of Semtech in a research report on Wednesday, August 26th. Mizuho set a $225.00 price target on Semtech in a research note on Wednesday, May 27th. UBS Group raised their target price on Semtech from $225.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, August 26th. Finally, Zacks Research downgraded shares of Semtech from a "strong-buy" rating to a "hold" rating in a report on Friday, August 21st. Fifteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $204.71.
Read Our Latest Report on Semtech
Key Headlines Impacting Semtech
Here are the key news stories impacting Semtech this week:
- Positive Sentiment: Northland Securities sharply raised its long-term forecasts. The firm lifted its FY2027 EPS estimate to $2.65 from $1.76 and its FY2028 estimate to $4.78 from $2.78. Quarterly estimates were also increased, including Q3 2027 to $0.85 from $0.51 and Q4 2028 to $1.30 from $0.80. Northland maintained an “Outperform” rating and a $182 price target, signaling substantial potential upside from recent trading levels. Northland Securities analyst estimates
- Positive Sentiment: Semtech is being highlighted as an AI and analog/mixed-signal growth stock. Zacks included SMTC among five AI-powered momentum stocks for September and said the company benefits from strong momentum and robust growth prospects. Another Zacks report identified Semtech as a beneficiary of AI-related demand and a recovery in automotive and industrial markets. Zacks AI-powered momentum stocks report
- Positive Sentiment: New LoRa products are now in production. Semtech expanded its LoRa Plus family with the LR2022 and LR2012, supporting the company’s connected-device and Internet of Things growth strategy. Semtech expands LoRa Plus family
- Neutral Sentiment: Consensus expectations remain bullish, but valuation is demanding. Zacks reported that analysts’ average price target implied 56.44% upside, while Semtech trades at a high price-to-earnings ratio of about 87.6 and has a beta of 2.35. Recent earnings also exceeded expectations, with revenue up 32.7% year over year, but the premium valuation leaves the stock sensitive to profit-taking and broader semiconductor-sector volatility. Zacks Semtech price target analysis
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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