Knights of Columbus Asset Advisors LLC Acquires New Position in Semtech Corporation $SMTC

Key Points

• Knights of Columbus Asset Advisors LLC opened a new position in Semtech during the fourth quarter, buying 37,633 shares valued at about $2.77 million.
• Semtech’s latest earnings came in above expectations, with EPS of $0.51 versus $0.45 expected and revenue of $291 million versus $283.53 million expected, while revenue grew 15.9% year over year.
• Analyst sentiment remains mostly positive: several firms raised price targets, and the stock currently carries a Moderate Buy consensus with an average target of $179.73, though Northland Securities recently downgraded it to market perform.

Knights of Columbus Asset Advisors LLC acquired a new stake in Semtech Corporation (NASDAQ:SMTC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 37,633 shares of the semiconductor company's stock, valued at approximately $2,773,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. increased its holdings in Semtech by 243.2% in the third quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company's stock valued at $36,000 after buying an additional 360 shares during the last quarter. AlphaQuest LLC increased its holdings in Semtech by 42.5% in 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 during the last quarter. Jones Financial Companies Lllp increased its holdings in Semtech by 65.5% in the third quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company's stock valued at $42,000 after buying an additional 235 shares during the last quarter. Assetmark Inc. increased its holdings in Semtech by 1,745.5% in the third quarter. Assetmark Inc. now owns 609 shares of the semiconductor company's stock valued at $44,000 after buying an additional 576 shares during the last quarter. Finally, IFP Advisors Inc bought a new stake in Semtech in the fourth quarter valued at about $53,000.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SMTC shares. Oppenheimer set a $200.00 price objective on Semtech in a report on Wednesday. Stifel Nicolaus boosted their price objective on Semtech from $157.00 to $188.00 and gave the company a "buy" rating in a report on Wednesday. Northland Securities lowered Semtech from an "outperform" rating to a "market perform" rating in a report on Tuesday. Susquehanna boosted their price objective on Semtech from $170.00 to $200.00 and gave the company a "positive" rating in a report on Wednesday. Finally, TD Cowen reaffirmed a "buy" rating on shares of Semtech in a report on Tuesday, February 24th. Thirteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $179.73.

Semtech Stock Down 4.4%

NASDAQ:SMTC opened at $157.20 on Thursday. The firm has a market capitalization of $14.64 billion, a PE ratio of -403.08 and a beta of 2.22. The stock has a 50 day moving average of $105.41 and a 200-day moving average of $88.19. Semtech Corporation has a 52 week low of $34.59 and a 52 week high of $172.36. The company has a current ratio of 2.37, a quick ratio of 1.66 and a debt-to-equity ratio of 0.89.

Semtech (NASDAQ:SMTC - Get Free Report) last posted its earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. The company had revenue of $291.00 million during the quarter, compared to analyst estimates of $283.53 million. Semtech had a positive return on equity of 18.45% and a negative net margin of 3.05%.The business's revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Analysts predict that Semtech Corporation will post 1.6 EPS for the current year.

Insider Activity at Semtech

In other news, Director Martin Burvill sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $88.98, for a total transaction of $222,450.00. Following the completion of the transaction, the director directly owned 4,409 shares in the company, valued at approximately $392,312.82. The trade was a 36.18% 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, CEO Hong Q. Hou sold 2,000 shares of the business's stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $90.11, for a total value of $180,220.00. Following the transaction, the chief executive officer owned 73,228 shares of the company's stock, valued at approximately $6,598,575.08. This represents a 2.66% 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. In the last three months, insiders sold 36,884 shares of company stock valued at $3,069,245. 0.48% of the stock is owned by insiders.

More Semtech News

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Semtech beat Q1 expectations, reporting EPS of $0.51 versus $0.45 expected and revenue of $291 million versus $283.5 million expected, with year-over-year revenue growth of 15.9%. Semtech Announces First Quarter of Fiscal Year 2027 Results
• Positive Sentiment: Management guided Q2 revenue to $323 million-$333 million and EPS to $0.59-$0.63, both above consensus, suggesting continued momentum into the next quarter. Semtech forecasts $328M Q2 revenue as it targets 35 percent sequential data center growth
• Positive Sentiment: Analysts raised price targets after the report, including B. Riley to $210, Needham to $200, Baird to $225, and UBS reiterated a Buy with a $225 target, reinforcing confidence in the growth story. Semtech Stock Gains After Q1 Results Beat Estimates, Analysts Raise Price Targets
• Neutral Sentiment: Commentary from earnings-call coverage highlighted record revenue and strong design wins, especially around data center and optical products, but these are supportive rather than new catalysts. Semtech Corp Q1 2027 Earnings Call Highlights
• Negative Sentiment: Northland Securities downgraded the stock to market perform ahead of the results, showing not all analysts were uniformly bullish. Northland downgrade coverage

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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