JPMorgan Chase & Co. Has $60.72 Million Stock Holdings in Semtech Corporation $SMTC

Key Points

• JPMorgan Chase increased its stake in Semtech by 11.6% in Q3 to 849,769 shares, now owning about $60.72 million (0.92% of the company) after buying an additional 88,114 shares.
• Multiple brokerages have raised ratings and price targets on SMTC, leaving the stock with a consensus "Moderate Buy" and an average target of $93.14.
• While insiders have been net sellers (39,691 shares worth about $3.33 million in the past three months), Semtech beat quarterly EPS expectations ($0.44 vs. $0.43) and reported revenue of $274.4 million, up 9.3% year‑over‑year.

JPMorgan Chase & Co. grew its holdings in Semtech Corporation (NASDAQ:SMTC - Free Report) by 11.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 849,769 shares of the semiconductor company's stock after acquiring an additional 88,114 shares during the period. JPMorgan Chase & Co. owned 0.92% of Semtech worth $60,716,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Journey Strategic Wealth LLC lifted its stake in shares of Semtech by 3.2% in the 3rd quarter. Journey Strategic Wealth LLC now owns 5,074 shares of the semiconductor company's stock valued at $363,000 after purchasing an additional 159 shares during the last quarter. AlphaQuest LLC raised its holdings in Semtech by 42.5% during the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company's stock valued at $41,000 after buying an additional 173 shares in the last quarter. Archer Investment Corp raised its holdings in Semtech by 10.8% during the second quarter. Archer Investment Corp now owns 2,050 shares of the semiconductor company's stock valued at $93,000 after buying an additional 200 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Semtech by 65.5% in the third quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company's stock worth $42,000 after buying an additional 235 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Semtech by 24.1% in the second quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the semiconductor company's stock worth $57,000 after buying an additional 247 shares during the last quarter.

Insider Buying and Selling

In related news, Director Paul V. Walsh, Jr. sold 500 shares of the firm's stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $78.25, for a total value of $39,125.00. Following the completion of the transaction, the director directly owned 25,279 shares of the company's stock, valued at $1,978,081.75. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Michael Wilson sold 5,000 shares of Semtech stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $75.12, for a total transaction of $375,600.00. Following the sale, the insider owned 60,066 shares in the company, valued at approximately $4,512,157.92. This trade represents a 7.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 39,691 shares of company stock worth $3,325,607. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SMTC. B. Riley Financial increased their price objective on Semtech from $90.00 to $91.00 and gave the company a "buy" rating in a report on Tuesday, November 25th. Robert W. Baird upped their target price on Semtech from $88.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday. Morgan Stanley increased their price target on Semtech from $75.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday. Piper Sandler reissued an "overweight" rating and issued a $95.00 price target (up from $70.00) on shares of Semtech in a research report on Thursday, December 11th. Finally, TD Cowen restated a "buy" rating on shares of Semtech in a research note on Tuesday, February 24th. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $93.14.

More Semtech News

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Multiple brokerages reiterated or raised bullish views and price targets on SMTC, signaling increased analyst conviction and supporting buying interest. Benchmark Reaffirms Buy Rating for Semtech NASDAQ: SMTC
• Positive Sentiment: Needham published a forecast calling for strong price appreciation, adding to the positive analyst momentum. Needham & Company LLC Forecasts Strong Price Appreciation for Semtech NASDAQ: SMTC Stock
• Positive Sentiment: Robert W. Baird and Stifel Nicolaus each issued notes expecting the stock to rise, contributing to consensus bullishness among sell‑side firms. Semtech NASDAQ: SMTC Stock Price Expected to Rise, Robert W. Baird Analyst Says Semtech NASDAQ: SMTC Stock Price Expected to Rise, Stifel Nicolaus Analyst Says
• Positive Sentiment: Morgan Stanley raised its price target to $85, which can support further upside as institutional targets climb. Morgan Stanley Increases Semtech NASDAQ: SMTC Price Target to $85.00
• Positive Sentiment: Investors bought a high volume of call options on SMTC, indicating short‑term bullish positioning that can amplify upward moves. Investors Purchase High Volume of Call Options on Semtech NASDAQ: SMTC
• Positive Sentiment: Company results and commentary highlighted record sales, AI focus, and new product launches (including 224G and IoT efforts) that could help reframe Semtech’s profitability trajectory. A Look At Semtech (SMTC) Valuation After Record Sales And AI Focused Earnings Update How Record Sales and New 224G, IoT Launches Could Reframe Semtech’s (SMTC) Loss‑Making Story
• Neutral Sentiment: Press and analyst roundups (Globe and Mail / TipRanks) aggregated sell‑side commentary but offered mixed takeaways rather than new company‑specific catalysts. Analysts Offer Insights on Technology Companies: Semtech (SMTC)... Analysts Offer Insights on Technology Companies: Semtech (SMTC) and STMicroelectronics (STM)
• Negative Sentiment: Valuation scrutiny: some commentary questions whether current prices fully reflect the risks given Semtech’s recent loss history despite revenue growth — a potential headwind if sentiment shifts. Is Semtech Stock Overvalued At $80?

Semtech Stock Up 6.8%

Shares of SMTC stock opened at $78.35 on Friday. Semtech Corporation has a 12 month low of $24.05 and a 12 month high of $96.46. The company has a quick ratio of 1.71, a current ratio of 2.37 and a debt-to-equity ratio of 0.89. The firm has a market cap of $7.25 billion, a PE ratio of -178.07 and a beta of 1.99. The stock has a 50 day moving average of $84.08 and a 200-day moving average of $74.25.

Semtech (NASDAQ:SMTC - Get Free Report) last issued its quarterly earnings results on Monday, March 16th. The semiconductor company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. Semtech had a negative net margin of 3.86% and a positive return on equity of 18.09%. The firm had revenue of $274.40 million during the quarter, compared to the consensus estimate of $273.14 million. During the same period in the prior year, the firm earned $0.40 EPS. The business's revenue was up 9.3% on a year-over-year basis. On average, equities analysts predict that Semtech Corporation will post -0.02 EPS for the current year.

Semtech 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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