Nordea Investment Management AB Has $7.99 Million Holdings in Semtech Corporation $SMTC

Nordea Investment Management AB boosted its stake in Semtech Corporation (NASDAQ:SMTC) by 24.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,669 shares of the semiconductor company’s stock after buying an additional 23,086 shares during the quarter. Nordea Investment Management AB owned approximately 0.14% of Semtech worth $7,992,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC bought a new position in shares of Semtech during the third quarter valued at $41,000. Bessemer Group Inc. grew its holdings in shares of Semtech by 78.4% in the 2nd quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 287 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Semtech during the 2nd quarter worth about $33,000. First Horizon Corp bought a new position in Semtech during the 3rd quarter valued at about $61,000. Finally, Smartleaf Asset Management LLC boosted its position in Semtech by 24.1% in the second quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the semiconductor company’s stock valued at $57,000 after buying an additional 247 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SMTC. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Semtech in a report on Monday, December 29th. Benchmark raised their price target on Semtech from $76.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Robert W. Baird lifted their price objective on Semtech from $70.00 to $88.00 and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Piper Sandler restated an “overweight” rating and set a $95.00 target price (up previously from $70.00) on shares of Semtech in a report on Thursday, December 11th. Finally, B. Riley lifted their price target on Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Fifteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Semtech has an average rating of “Moderate Buy” and a consensus price target of $79.21.

Insider Activity

In other news, Director Saar Gillai sold 3,600 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $75.26, for a total transaction of $270,936.00. Following the completion of the transaction, the director directly owned 9,523 shares in the company, valued at approximately $716,700.98. The trade was a 27.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul V. Walsh, Jr. sold 500 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $71.61, for a total value of $35,805.00. Following the completion of the sale, the director directly owned 25,779 shares of the company’s stock, valued at approximately $1,846,034.19. This trade represents a 1.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 11,967 shares of company stock valued at $895,103. Insiders own 0.48% of the company’s stock.

Semtech Trading Up 0.4%

Shares of SMTC opened at $77.56 on Friday. The stock’s fifty day simple moving average is $73.41 and its 200-day simple moving average is $63.74. The firm has a market capitalization of $7.18 billion, a PE ratio of 250.19 and a beta of 2.01. Semtech Corporation has a 12-month low of $24.05 and a 12-month high of $81.39. The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.87.

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

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.