Fuller & Thaler Asset Management Inc. Has $44 Million Holdings in Semtech Corporation $SMTC

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Semtech Corporation by 24.8%, owning approximately 1.48% of the company worth nearly $44 million as of its latest SEC filing.
• Multiple institutional investors have recently adjusted their positions in Semtech, with Vanguard Group Inc. now holding over 11.7 million shares valued at approximately $402 million.
• Analysts have emitted a generally positive outlook for Semtech, with two holding ratings and eleven giving it a buy rating, resulting in an average price target of around $59.58.

Fuller & Thaler Asset Management Inc. increased its stake in Semtech Corporation (NASDAQ:SMTC - Free Report) by 24.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,278,946 shares of the semiconductor company's stock after purchasing an additional 254,178 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 1.48% of Semtech worth $43,996,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dunhill Financial LLC acquired a new stake in Semtech during the fourth quarter worth about $31,000. Versant Capital Management Inc lifted its holdings in shares of Semtech by 58.5% during the 1st quarter. Versant Capital Management Inc now owns 1,498 shares of the semiconductor company's stock worth $52,000 after acquiring an additional 553 shares during the period. Mariner LLC boosted its position in shares of Semtech by 3.3% during the 4th quarter. Mariner LLC now owns 18,136 shares of the semiconductor company's stock worth $1,122,000 after acquiring an additional 582 shares in the last quarter. KBC Group NV increased its stake in Semtech by 16.8% in the first quarter. KBC Group NV now owns 4,084 shares of the semiconductor company's stock valued at $140,000 after acquiring an additional 586 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in Semtech by 12.9% during the fourth quarter. Cetera Investment Advisers now owns 5,226 shares of the semiconductor company's stock valued at $323,000 after purchasing an additional 599 shares in the last quarter.

Insider Buying and Selling at Semtech

In other news, CFO Mark Lin sold 999 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $43.84, for a total value of $43,796.16. Following the completion of the sale, the chief financial officer owned 17,211 shares of the company's stock, valued at approximately $754,530.24. This represents a 5.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Asaf Silberstein sold 2,000 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $42.98, for a total value of $85,960.00. Following the transaction, the chief operating officer owned 105,996 shares of the company's stock, valued at $4,555,708.08. This trade represents a 1.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $54.00 target price on shares of Semtech in a report on Wednesday, May 28th. Benchmark restated a "buy" rating and set a $68.00 price objective on shares of Semtech in a research report on Wednesday, May 28th. UBS Group decreased their target price on Semtech from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Morgan Stanley set a $43.00 target price on Semtech in a research note on Wednesday, May 28th. Finally, Stifel Nicolaus raised their price target on shares of Semtech from $45.00 to $54.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $59.58.

Semtech Trading Up 3.4%

NASDAQ SMTC traded up $1.70 during trading hours on Friday, reaching $51.09. The company's stock had a trading volume of 2,427,206 shares, compared to its average volume of 1,602,614. The firm has a fifty day simple moving average of $48.26 and a 200-day simple moving average of $40.13. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 1.81. Semtech Corporation has a 52 week low of $24.05 and a 52 week high of $79.52. The stock has a market cap of $4.43 billion, a P/E ratio of -24.80 and a beta of 1.94.

Semtech (NASDAQ:SMTC - Get Free Report) last posted its earnings results on Tuesday, May 27th. The semiconductor company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.10. Semtech had a negative net margin of 12.52% and a positive return on equity of 19.66%. The firm had revenue of $251.10 million for the quarter, compared to analyst estimates of $249.79 million. During the same period in the previous year, the firm posted $0.06 EPS. The company's revenue for the quarter was up 21.8% compared to the same quarter last year. Semtech has set its Q2 2026 guidance at 0.370-0.43 EPS. Equities analysts forecast that Semtech Corporation will post -0.02 earnings per share for the current fiscal year.

Semtech Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.