63,383 Shares in Semtech Corporation $SMTC Purchased by JB Capital LLC

JB Capital LLC bought a new stake in Semtech Corporation (NASDAQ:SMTC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 63,383 shares of the semiconductor company’s stock, valued at approximately $4,529,000.

Several other hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. raised its position in shares of Semtech by 10.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock valued at $321,040,000 after buying an additional 666,456 shares during the period. State Street Corp increased its stake in Semtech by 1.5% during the second quarter. State Street Corp now owns 4,037,107 shares of the semiconductor company’s stock worth $182,235,000 after acquiring an additional 60,788 shares during the last quarter. Alliancebernstein L.P. raised its position in Semtech by 9.8% in the second quarter. Alliancebernstein L.P. now owns 3,318,384 shares of the semiconductor company’s stock valued at $149,792,000 after purchasing an additional 294,990 shares during the period. Disciplined Growth Investors Inc. MN lifted its stake in shares of Semtech by 4.2% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,894,536 shares of the semiconductor company’s stock valued at $130,659,000 after purchasing an additional 115,921 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in shares of Semtech by 107.8% during the 2nd quarter. Westfield Capital Management Co. LP now owns 2,747,260 shares of the semiconductor company’s stock worth $124,011,000 after purchasing an additional 1,424,909 shares during the period.

Semtech Trading Down 0.8%

NASDAQ SMTC opened at $75.16 on Wednesday. Semtech Corporation has a one year low of $24.05 and a one year high of $81.32. The firm has a 50 day simple moving average of $71.49 and a 200-day simple moving average of $61.02. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 242.45 and a beta of 2.01. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43.

Semtech (NASDAQ:SMTC) last released its earnings results on Monday, November 24th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The company had revenue of $266.97 million for the quarter, compared to analyst estimates of $266.36 million. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 EPS. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. Equities research analysts anticipate that Semtech Corporation will post -0.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Paul V. Walsh, Jr. sold 500 shares of Semtech stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $71.61, for a total value of $35,805.00. Following the completion of the transaction, the director owned 25,779 shares in the company, valued at approximately $1,846,034.19. This trade represents a 1.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark Lin sold 971 shares of the business’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $72.83, for a total value of $70,717.93. Following the transaction, the chief financial officer directly owned 17,844 shares of the company’s stock, valued at approximately $1,299,578.52. This represents a 5.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,971 shares of company stock valued at $139,643. 0.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SMTC has been the topic of several research analyst reports. Benchmark boosted their price objective on shares of Semtech from $76.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. TD Cowen initiated coverage on shares of Semtech in a research report on Wednesday, October 1st. They set a “buy” rating and a $75.00 price target for the company. Stifel Nicolaus set a $80.00 price objective on shares of Semtech in a report on Wednesday, October 1st. Wall Street Zen raised shares of Semtech from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Cowen began coverage on Semtech in a research report on Tuesday, September 30th. They issued a “buy” rating on the stock. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Semtech presently has a consensus rating of “Moderate Buy” and an average target price of $78.50.

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.