Semtech Corporation $SMTC Shares Acquired by Royce & Associates LP

Key Points

• Royce & Associates LP boosted its Semtech stake by 144.5% in the fourth quarter, adding 63,603 shares and bringing its total to 107,617 shares valued at about $7.9 million.
• Semtech shares were up 5.8% and recently traded at $166.33, near their 52-week high of $172.35, reflecting strong momentum in the stock.
• The company beat quarterly expectations with EPS of $0.51 on revenue of $291 million, and it also issued Q2 guidance above estimates as analysts raised price targets on the growth outlook.

Royce & Associates LP lifted its holdings in shares of Semtech Corporation (NASDAQ:SMTC - Free Report) by 144.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 107,617 shares of the semiconductor company's stock after acquiring an additional 63,603 shares during the period. Royce & Associates LP owned 0.12% of Semtech worth $7,930,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New York State Common Retirement Fund increased its position in Semtech by 55.7% during the third quarter. New York State Common Retirement Fund now owns 277,661 shares of the semiconductor company's stock worth $19,839,000 after buying an additional 99,335 shares during the period. Argos Wealth Advisors LLC acquired a new position in Semtech during the fourth quarter worth approximately $640,000. Lisanti Capital Growth LLC acquired a new position in Semtech during the third quarter worth approximately $4,318,000. Hodges Capital Management Inc. acquired a new position in Semtech during the third quarter worth approximately $4,624,000. Finally, Atreides Management LP increased its position in Semtech by 2.4% during the third quarter. Atreides Management LP now owns 678,133 shares of the semiconductor company's stock worth $48,453,000 after buying an additional 16,192 shares during the period.

Semtech Trading Up 5.8%

Shares of SMTC stock opened at $166.33 on Friday. The business's 50 day moving average is $107.16 and its two-hundred day moving average is $88.86. Semtech Corporation has a twelve month low of $34.59 and a twelve month high of $172.35. The company has a market capitalization of $15.49 billion, a P/E ratio of -426.49 and a beta of 2.22. The company has a current ratio of 2.37, a quick ratio of 1.66 and a debt-to-equity ratio of 0.86.

Semtech (NASDAQ:SMTC - Get Free Report) last announced its earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The company had revenue of $291.00 million for the quarter, compared to the consensus estimate of $283.53 million. During the same period last year, the business posted $0.38 EPS. The company's revenue was up 15.9% on a year-over-year basis. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Equities analysts forecast that Semtech Corporation will post 1.6 EPS for the current year.

Insider Transactions at Semtech

In related news, CEO Hong Q. Hou sold 2,000 shares of Semtech 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 sale, the chief executive officer directly owned 73,228 shares in the company, valued at $6,598,575.08. The trade was a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 7,500 shares of Semtech stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $81.73, for a total value of $612,975.00. Following the completion of the sale, the executive vice president owned 8,811 shares in the company, valued at approximately $720,123.03. This trade represents a 45.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 36,884 shares of company stock valued at $3,069,245. 0.48% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Citigroup lowered Semtech from a "buy" rating to a "market perform" rating in a research report on Tuesday. Robert W. Baird lifted their price target on Semtech from $110.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday. Oppenheimer set a $200.00 price target on Semtech in a research report on Wednesday. Northland Securities lowered Semtech from an "outperform" rating to a "market perform" rating in a research report on Tuesday. Finally, Craig Hallum lifted their target price on Semtech from $105.00 to $205.00 and gave the company a "buy" rating in a research note on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $179.73.

More Semtech News

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Semtech posted better-than-expected Q1 results, with EPS of $0.51 topping estimates of $0.45 and revenue of $291 million beating expectations, driven by strong demand in data center and infrastructure markets. Semtech’s Explosive Rally May Only Be Getting Started
• Positive Sentiment: The company issued Q2 revenue guidance above expectations and signaled continued momentum, especially in data center growth, which investors see as a major driver of future upside. Semtech forecasts $328M Q2 revenue as it targets 35 percent sequential data center growth
• Positive Sentiment: Several analysts raised price targets after the earnings beat, including B. Riley to $210, Needham to $200, and UBS/Baird to $225, reinforcing confidence in Semtech’s growth outlook. Semtech Stock Gains After Q1 Results Beat Estimates, Analysts Raise Price Targets
• Positive Sentiment: Analysts highlighted accelerating demand in data center and optical products, plus design wins and backlog that could support faster growth ahead. SMTC Q1 Earnings Call Flags Faster Data Center Growth
• Neutral Sentiment: Short interest data showed no meaningful positioning change, so it does not appear to be a major driver of the stock’s move. Semtech’s Explosive Rally May Only Be Getting Started

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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