Algert Global LLC trimmed its stake in shares of Semtech Corporation (NASDAQ:SMTC - Free Report) by 43.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,873 shares of the semiconductor company's stock after selling 49,256 shares during the period. Algert Global LLC owned 0.07% of Semtech worth $10,176,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Royce & Associates LP raised its holdings in shares of Semtech by 144.5% during the fourth quarter. Royce & Associates LP now owns 107,617 shares of the semiconductor company's stock valued at $7,930,000 after acquiring an additional 63,603 shares during the last quarter. Argos Wealth Advisors LLC purchased a new stake in shares of Semtech during the fourth quarter worth approximately $640,000. Geode Capital Management LLC raised its stake in Semtech by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 2,099,033 shares of the semiconductor company's stock valued at $154,704,000 after purchasing an additional 6,715 shares during the last quarter. Strs Ohio raised its stake in Semtech by 558.9% in the 4th quarter. Strs Ohio now owns 48,100 shares of the semiconductor company's stock valued at $3,544,000 after purchasing an additional 40,800 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Semtech by 6.9% in the 1st quarter. Swiss National Bank now owns 183,000 shares of the semiconductor company's stock valued at $14,071,000 after purchasing an additional 11,800 shares in the last quarter.
Semtech News Summary
Here are the key news stories impacting Semtech this week:
- Positive Sentiment: Quarterly results topped expectations. Semtech reported adjusted earnings of $0.71 per share, above the $0.61–$0.62 analyst consensus and up from $0.41 a year earlier. Revenue reached a record $341.9 million, 33% above the prior-year period and ahead of expectations. Semtech Q2 Earnings and Revenues Top Estimates
- Positive Sentiment: Fiscal Q3 guidance was far above consensus. Semtech forecast revenue of approximately $410 million, or $405 million to $415 million, versus the $359.3 million analyst estimate. Adjusted diluted EPS guidance of about $1.05, with a range of $1.02 to $1.08, also exceeded the roughly $0.69 consensus. Semtech Announces Second Quarter Fiscal 2027 Results
- Positive Sentiment: Profitability and cash generation improved. Gross margin was 53.8%, operating margin was 16.3%, operating cash flow was $68.9 million, and free cash flow was $61.4 million. Commentary highlighting AI-related demand, improving inventory levels, and continued growth expectations supported the bullish reaction. Semtech Posts Record Fiscal Q2 Sales
- Neutral Sentiment: Semtech is also hosting a LoRa ecosystem forum at the IOTE 2026 exhibition, which could provide additional updates on IoT adoption and product demand but is not yet a financial catalyst. Semtech Hosts LoRa Ecosystem Forum
- Negative Sentiment: Recent filings cited by market commentary show substantial insider selling and several institutional position reductions. These transactions may temper sentiment, although they are less significant than the earnings and guidance beat.
Insider Transactions at Semtech
In related news, COO Asaf Silberstein sold 8,500 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $127.80, for a total value of $1,086,300.00. Following the completion of the transaction, the chief operating officer directly owned 96,862 shares in the company, valued at approximately $12,378,963.60. This represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Hong Q. Hou sold 2,000 shares of the firm's stock in a transaction on Friday, July 10th. The stock was sold at an average price of $133.00, for a total value of $266,000.00. Following the sale, the chief executive officer directly owned 64,799 shares of the company's stock, valued at approximately $8,618,267. This trade represents a 2.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 21,734 shares of company stock valued at $3,133,986 in the last ninety days. 0.44% of the stock is currently owned by corporate insiders.
Semtech Price Performance
Shares of SMTC stock opened at $127.52 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.37 and a quick ratio of 1.62. The firm's 50-day moving average is $136.12 and its two-hundred day moving average is $118.21. Semtech Corporation has a 12 month low of $53.62 and a 12 month high of $177.35. The company has a market capitalization of $11.88 billion, a PE ratio of -326.97 and a beta of 2.35.
Semtech (NASDAQ:SMTC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.10. The business had revenue of $341.90 million during the quarter, compared to analysts' expectations of $328.67 million. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. The business's revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 EPS. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Analysts predict that Semtech Corporation will post 1.81 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. TD Cowen upped their target price on shares of Semtech from $210.00 to $215.00 and gave the stock a "buy" rating in a report on Monday, June 22nd. Craig Hallum boosted their price target on shares of Semtech from $105.00 to $205.00 and gave the stock a "buy" rating in a research report on Wednesday, May 27th. Susquehanna increased their price objective on shares of Semtech from $170.00 to $200.00 and gave the company a "positive" rating in a report on Wednesday, May 27th. Robert W. Baird boosted their target price on Semtech from $110.00 to $225.00 and gave the stock an "outperform" rating in a report on Wednesday, May 27th. Finally, Oppenheimer set a $200.00 price target on Semtech in a research report on Wednesday, May 27th. Fourteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $198.00.
Check Out Our Latest Stock Report on Semtech
About Semtech
(
Free Report)
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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