VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Semtech Corporation $SMTC

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Semtech Corporation (NASDAQ:SMTC - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 21,239 shares of the semiconductor company's stock, valued at approximately $3,438,000.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its holdings in Semtech by 12,214.3% in the first quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company's stock worth $89,000 after buying an additional 2,565 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Semtech by 11.5% during the first quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company's stock valued at $323,000 after buying an additional 968 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Semtech by 5.8% in the 1st 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 last quarter. Strs Ohio bought a new position in Semtech in the 1st quarter valued at approximately $65,000. Finally, Cetera Investment Advisers purchased a new stake in Semtech during the 2nd quarter valued at $226,000.

Semtech Stock Performance

NASDAQ SMTC opened at $163.94 on Thursday. Semtech Corporation has a fifty-two week low of $57.50 and a fifty-two week high of $177.35. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.31 and a current ratio of 1.70. The business's 50 day moving average price is $132.74 and its 200-day moving average price is $122.55. The company has a market cap of $15.30 billion, a P/E ratio of 108.57 and a beta of 2.35.

Semtech (NASDAQ:SMTC - Get Free Report) last posted 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. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The company had revenue of $341.87 million for the quarter, compared to analyst estimates of $328.67 million. During the same period in the prior year, the company posted $0.41 EPS. The firm's revenue for the quarter was up 32.7% on a year-over-year basis. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Sell-side analysts predict that Semtech Corporation will post 2.64 earnings per share for the current year.

Key Semtech News

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Semtech reported quarterly EPS of $0.71, ahead of the $0.61 consensus estimate, while revenue of $341.87 million exceeded expectations of $328.67 million. Revenue increased 32.7% year over year, and the company provided EPS guidance of $1.02 to $1.08 for the next quarter. These results reinforce the market’s view that growth is accelerating. Semtech rallies 10% after earnings and guidance beat
• Positive Sentiment: The company introduced a 224G linear transimpedance amplifier and driver portfolio for near-packaged optics and co-packaged optics. The products target AI and machine-learning clusters, hyperscale data centers and next-generation optical connectivity, providing exposure to expanding data-center bandwidth demand. Semtech Sets Bar for 224G Optical Connectivity
• Positive Sentiment: Semtech also announced an industry-first 10G PON chipset for 50G optical line-terminal modules. The chipset is designed to support multiple generations of PON technology, potentially helping network-equipment customers transition to higher-speed broadband deployments. Semtech Delivers 10G PON Chipset
• Neutral Sentiment: CEO Hong Hou sold 2,000 shares and director Julie Garcia Ruehl sold 1,500 shares. Both transactions were executed under pre-arranged Rule 10b5-1 plans, reducing their value as a bearish signal, although they still represent near-term insider selling.
• Negative Sentiment: Semtech’s sharp advance has left the stock trading at a high valuation, with a price-to-earnings ratio above 100. One valuation analysis estimated fair value substantially below the market price, raising downside risk if growth or guidance weakens. Semtech valuation analysis

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SMTC shares. Wall Street Zen raised Semtech from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 29th. Susquehanna lifted their target price on Semtech from $170.00 to $200.00 and gave the company a "positive" rating in a research report on Wednesday, May 27th. Robert W. Baird upped their price target on shares of Semtech from $225.00 to $300.00 and gave the stock an "outperform" rating in a research report on Thursday, August 27th. Weiss Ratings reissued a "sell (d-)" rating on shares of Semtech in a report on Thursday, June 18th. Finally, Morgan Stanley lifted their target price on Semtech from $175.00 to $195.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 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 company's stock. According to data from MarketBeat.com, Semtech currently has a consensus rating of "Moderate Buy" and an average price target of $204.71.

Insider Transactions at Semtech

In related news, EVP Jason Elliot Green sold 2,264 shares of the firm's stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $129.90, for a total value of $294,093.60. Following the transaction, the executive vice president owned 8,611 shares of the company's stock, valued at $1,118,568.90. This trade represents a 20.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Wilson sold 5,500 shares of the business's stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $170.00, for a total transaction of $935,000.00. Following the completion of the sale, the insider directly owned 80,876 shares of the company's stock, valued at approximately $13,748,920. This trade represents a 6.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 23,234 shares of company stock valued at $3,304,706. Company insiders own 0.44% of the company's stock.

Semtech Company 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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