EFG International AG Makes New Investment in Semtech Corporation $SMTC

EFG International AG bought a new stake in Semtech Corporation (NASDAQ:SMTC - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 46,451 shares of the semiconductor company's stock, valued at approximately $7,523,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SMTC. Andar Capital Management HK Ltd acquired a new position in shares of Semtech during the 2nd quarter valued at about $162,000,000. Vanguard Group Inc. increased its position in Semtech by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 11,858,352 shares of the semiconductor company's stock worth $873,842,000 after purchasing an additional 298,987 shares during the last quarter. BlackRock Inc. purchased a new position in Semtech during the second quarter worth about $1,577,947,000. Ameriprise Financial Inc. boosted its holdings 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 purchasing an additional 666,456 shares during the last quarter. Finally, State Street Corp boosted its holdings in Semtech by 1.5% in the 2nd quarter. State Street Corp now owns 4,037,107 shares of the semiconductor company's stock valued at $182,235,000 after purchasing an additional 60,788 shares during the last quarter.

Insider Activity

In other news, CFO Mark Lin sold 970 shares of the firm's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $150.41, for a total transaction of $145,897.70. Following the transaction, the chief financial officer directly owned 34,896 shares in the company, valued at approximately $5,248,707.36. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul V. Walsh, Jr. sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $164.99, for a total transaction of $82,495.00. Following the transaction, the director owned 28,100 shares in the company, valued at approximately $4,636,219. This trade represents a 1.75% 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 worth $3,133,986 over the last three months. Company insiders own 0.44% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on SMTC. Susquehanna raised their target price on Semtech from $170.00 to $200.00 and gave the stock a "positive" rating in a research note on Wednesday, May 27th. Robert W. Baird upped their price target on Semtech from $110.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday, May 27th. Benchmark reiterated a "buy" rating on shares of Semtech in a report on Thursday, August 20th. UBS Group raised their price objective on Semtech from $165.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, May 27th. Finally, Mizuho set a $225.00 price objective on shares of Semtech in a report on Wednesday, May 27th. Fourteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $198.00.

Semtech Stock Up 5.5%

Shares of NASDAQ SMTC opened at $127.52 on Wednesday. The stock has a market cap of $11.88 billion, a P/E ratio of -326.97 and a beta of 2.35. The business's fifty day simple moving average is $136.12 and its 200-day simple moving average is $118.21. Semtech Corporation has a 12-month low of $53.62 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 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 company had revenue of $341.90 million during the quarter, compared to analysts' expectations of $328.67 million. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. The firm's revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. As a group, equities analysts predict that Semtech Corporation will post 1.81 EPS for the current fiscal year.

Key Stories Impacting Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Quarterly results topped expectations. Semtech reported adjusted earnings of $0.71 per share, above the $0.61–$0.62 analyst consensus and up from $0.41 a year earlier. Revenue reached a record $341.9 million, 33% above the prior-year period and ahead of expectations. Semtech Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Fiscal Q3 guidance was far above consensus. Semtech forecast revenue of approximately $410 million, or $405 million to $415 million, versus the $359.3 million analyst estimate. Adjusted diluted EPS guidance of about $1.05, with a range of $1.02 to $1.08, also exceeded the roughly $0.69 consensus. Semtech Announces Second Quarter Fiscal 2027 Results
• Positive Sentiment: Profitability and cash generation improved. Gross margin was 53.8%, operating margin was 16.3%, operating cash flow was $68.9 million, and free cash flow was $61.4 million. Commentary highlighting AI-related demand, improving inventory levels, and continued growth expectations supported the bullish reaction. Semtech Posts Record Fiscal Q2 Sales
• Neutral Sentiment: Semtech is also hosting a LoRa ecosystem forum at the IOTE 2026 exhibition, which could provide additional updates on IoT adoption and product demand but is not yet a financial catalyst. Semtech Hosts LoRa Ecosystem Forum
• Negative Sentiment: Recent filings cited by market commentary show substantial insider selling and several institutional position reductions. These transactions may temper sentiment, although they are less significant than the earnings and guidance beat.

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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