Van ECK Associates Corp Increases Position in Semtech Corporation $SMTC

Van ECK Associates Corp boosted its position in Semtech Corporation (NASDAQ:SMTC - Free Report) by 43.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,199 shares of the semiconductor company's stock after acquiring an additional 18,648 shares during the quarter. Van ECK Associates Corp owned 0.07% of Semtech worth $9,905,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Leonteq Securities AG boosted its holdings in shares of Semtech by 11.2% in the 1st quarter. Leonteq Securities AG now owns 1,171 shares of the semiconductor company's stock worth $90,000 after purchasing an additional 118 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of Semtech by 3.3% during the 4th quarter. Stephens Inc. AR now owns 4,410 shares of the semiconductor company's stock valued at $325,000 after buying an additional 142 shares in the last quarter. ABS Investment Management LLC bought a new stake in Semtech in the 2nd quarter worth approximately $178,035,000. Captrust Financial Advisors lifted its position in Semtech by 0.8% in the 4th quarter. Captrust Financial Advisors now owns 19,302 shares of the semiconductor company's stock worth $1,422,000 after buying an additional 162 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in Semtech by 1.5% in the fourth quarter. Cetera Investment Advisers now owns 11,737 shares of the semiconductor company's stock worth $865,000 after buying an additional 177 shares in the last quarter.

Semtech Trading Down 0.5%

SMTC opened at $132.27 on Wednesday. Semtech Corporation has a one year low of $55.18 and a one year high of $177.35. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.31. The business has a 50 day simple moving average of $133.62 and a two-hundred day simple moving average of $119.93. The firm has a market capitalization of $12.34 billion, a price-to-earnings ratio of 87.60 and a beta of 2.35.

Semtech (NASDAQ:SMTC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.10. The firm had revenue of $341.87 million for the quarter, compared to analyst estimates of $328.67 million. Semtech had a return on equity of 21.74% and a net margin of 13.11%.The business's quarterly revenue was up 32.7% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Analysts predict that Semtech Corporation will post 2.64 EPS for the current year.

Insiders Place Their Bets

In other Semtech news, CEO Hong Q. Hou sold 2,000 shares of the company's stock in a transaction on Friday, July 10th. The shares were sold at an average price of $133.00, for a total value of $266,000.00. Following the completion of the transaction, the chief executive officer directly owned 64,799 shares in the company, valued at approximately $8,618,267. This represents a 2.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 2,264 shares of the firm's stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $129.90, for a total transaction of $294,093.60. Following the completion of the sale, the executive vice president directly owned 8,611 shares of the company's stock, valued at approximately $1,118,568.90. This represents a 20.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,734 shares of company stock valued at $3,133,986 over the last quarter. 0.44% of the stock is owned by company insiders.

Key Stories Impacting Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Northland Securities sharply raised its long-term forecasts. The firm lifted its FY2027 EPS estimate to $2.65 from $1.76 and its FY2028 estimate to $4.78 from $2.78. Quarterly estimates were also increased, including Q3 2027 to $0.85 from $0.51 and Q4 2028 to $1.30 from $0.80. Northland maintained an “Outperform” rating and a $182 price target, signaling substantial potential upside from recent trading levels. Northland Securities analyst estimates
• Positive Sentiment: Semtech is being highlighted as an AI and analog/mixed-signal growth stock. Zacks included SMTC among five AI-powered momentum stocks for September and said the company benefits from strong momentum and robust growth prospects. Another Zacks report identified Semtech as a beneficiary of AI-related demand and a recovery in automotive and industrial markets. Zacks AI-powered momentum stocks report
• Positive Sentiment: New LoRa products are now in production. Semtech expanded its LoRa Plus family with the LR2022 and LR2012, supporting the company’s connected-device and Internet of Things growth strategy. Semtech expands LoRa Plus family
• Neutral Sentiment: Consensus expectations remain bullish, but valuation is demanding. Zacks reported that analysts’ average price target implied 56.44% upside, while Semtech trades at a high price-to-earnings ratio of about 87.6 and has a beta of 2.35. Recent earnings also exceeded expectations, with revenue up 32.7% year over year, but the premium valuation leaves the stock sensitive to profit-taking and broader semiconductor-sector volatility. Zacks Semtech price target analysis

Analyst Upgrades and Downgrades

Several research analysts have commented on SMTC shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Semtech in a research note on Thursday, June 18th. Morgan Stanley upped their price objective on shares of Semtech from $175.00 to $195.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 26th. Stifel Nicolaus increased their target price on shares of Semtech from $157.00 to $188.00 and gave the company a "buy" rating in a report on Wednesday, May 27th. TD Cowen upped their price target on shares of Semtech from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Monday, June 22nd. Finally, Citigroup cut Semtech from a "buy" rating to a "market perform" rating in a research note on Tuesday, May 26th. Fifteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $204.71.

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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