Nordea Investment Management AB Lowers Stake in Semtech Corporation $SMTC

Key Points

• Nordea Investment Management AB reduced its stake in Semtech by 11.3% in Q4, selling 13,248 shares and ending the period with 104,421 shares valued at about $7.78 million.
• Insider selling has been notable recently: CFO Mark Lin sold 9,186 shares (~$689k) and COO Asaf Silberstein sold 10,000 shares, with insiders offloading a total of 49,377 shares (~$4.06M) and now owning 0.48% of the company.
• Semtech slightly beat the quarter with $0.44 EPS vs. $0.43 expected and revenue of $274.4M (up 9.3% Y/Y), and analysts remain largely positive with a "Moderate Buy" consensus and an average price target of $93.14.

Nordea Investment Management AB cut its stake in Semtech Corporation (NASDAQ:SMTC - Free Report) by 11.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,421 shares of the semiconductor company's stock after selling 13,248 shares during the period. Nordea Investment Management AB owned about 0.11% of Semtech worth $7,776,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SMTC. Jones Financial Companies Lllp boosted its position in Semtech by 12,214.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company's stock valued at $89,000 after buying an additional 2,565 shares during the period. Empowered Funds LLC grew its stake in Semtech by 11.5% in the 1st quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company's stock worth $323,000 after acquiring an additional 968 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Semtech by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company's stock worth $14,166,000 after acquiring an additional 22,629 shares during the period. Strs Ohio purchased a new position in shares of Semtech during the first quarter worth approximately $65,000. Finally, Creative Planning raised its stake in shares of Semtech by 11.2% during the second quarter. Creative Planning now owns 27,098 shares of the semiconductor company's stock valued at $1,223,000 after acquiring an additional 2,728 shares in the last quarter.

Semtech Price Performance

NASDAQ SMTC opened at $80.04 on Thursday. The company has a market cap of $7.44 billion, a PE ratio of -181.91 and a beta of 1.99. The firm's 50 day moving average price is $84.09 and its 200-day moving average price is $74.87. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.67 and a current ratio of 2.37. Semtech Corporation has a 52-week low of $24.05 and a 52-week high of $96.46.

Semtech (NASDAQ:SMTC - Get Free Report) last issued its quarterly earnings data on Monday, March 16th. The semiconductor company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The company had revenue of $274.40 million during the quarter, compared to the consensus estimate of $273.14 million. Semtech had a negative net margin of 3.86% and a positive return on equity of 18.09%. Semtech's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Sell-side analysts forecast that Semtech Corporation will post -0.02 EPS for the current fiscal year.

Analysts Set New Price Targets

SMTC has been the subject of a number of research reports. Benchmark reiterated a "buy" rating and issued a $115.00 price target on shares of Semtech in a report on Tuesday, March 17th. Wall Street Zen downgraded Semtech from a "strong-buy" rating to a "buy" rating in a report on Monday, January 26th. Oppenheimer lifted their target price on Semtech from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, March 17th. Piper Sandler reiterated an "overweight" rating and issued a $95.00 target price (up from $70.00) on shares of Semtech in a report on Thursday, December 11th. Finally, Needham & Company LLC increased their price target on Semtech from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Tuesday, March 17th. Fourteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $93.14.

Semtech News Summary

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Semtech announced the TDS5311P SurgeSwitch®, billed as the industry's first circuit-protection device that delivers near-constant clamping voltage for USB Power Delivery Extended Power Range (EPR) at 48V — a product that can broaden addressable markets in data-center and high-power USB applications and supports the company's growth narrative. Semtech SurgeSwitch Tackles the USB-PD VBus Protection Gap at 53 V
• Positive Sentiment: Coverage highlighting Semtech's positioning in AI data-center networking and IoT growth is reinforcing a bullish narrative that revenue mix could shift toward higher-growth end markets. That thematic coverage can lift investor expectations for revenue expansion and margin leverage. How The Semtech (SMTC) Story Is Shifting With AI Data Centers And IoT Growth Targets
• Positive Sentiment: Zacks published a bullish note framing SMTC as a strong growth stock using its style scores, which can attract momentum and retail/quant interest. Here's Why Semtech (SMTC) is a Strong Growth Stock
• Neutral Sentiment: Several short-interest data feeds show a reported large increase but list “0 shares” (and NaN changes), producing a days-to-cover of 0.0 — this appears to be a reporting/data anomaly rather than a meaningful change in short activity. Investors should treat those figures cautiously until corrected filings appear.
• Negative Sentiment: CFO Mark Lin sold 9,186 shares on March 24 at an average price of $75.05 (≈$689k), reducing his holding by ~21.9%. Insider selling of this size can be interpreted negatively by some investors, even though insiders still retain a position. See the SEC filing for details. SEC Form 4 - Mark Lin

Insider Transactions at Semtech

In related news, CFO Mark Lin sold 9,186 shares of the company's stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $75.05, for a total transaction of $689,409.30. Following the completion of the sale, the chief financial officer directly owned 32,710 shares in the company, valued at $2,454,885.50. This represents a 21.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Asaf Silberstein sold 10,000 shares of the firm's stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $92.00, for a total value of $920,000.00. Following the sale, the chief operating officer directly owned 68,496 shares in the company, valued at approximately $6,301,632. The trade was a 12.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 49,377 shares of company stock worth $4,055,452. Company insiders own 0.48% of the company's stock.

About Semtech

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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