Illinois Municipal Retirement Fund Takes Position in Semtech Corporation $SMTC

Illinois Municipal Retirement Fund purchased a new position in Semtech Corporation (NASDAQ:SMTC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,604 shares of the semiconductor company’s stock, valued at approximately $3,044,000.

Several other institutional investors and hedge funds have also bought and sold shares of SMTC. Essex Investment Management Co. LLC grew its holdings in shares of Semtech by 3.7% during the 3rd quarter. Essex Investment Management Co. LLC now owns 50,946 shares of the semiconductor company’s stock worth $3,640,000 after acquiring an additional 1,806 shares during the period. Versor Investments LP bought a new stake in shares of Semtech during the third quarter valued at approximately $818,000. Katamaran Capital LLP bought a new stake in shares of Semtech during the third quarter valued at approximately $3,097,000. Prospera Financial Services Inc purchased a new stake in Semtech in the third quarter worth $222,000. Finally, Profund Advisors LLC bought a new position in Semtech in the third quarter worth $290,000.

Insider Activity at Semtech

In other Semtech news, insider John Michael Wilson sold 5,000 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $75.12, for a total value of $375,600.00. Following the completion of the sale, the insider owned 60,066 shares in the company, valued at approximately $4,512,157.92. This represents a 7.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Asaf Silberstein sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $92.00, for a total value of $920,000.00. Following the sale, the chief operating officer directly owned 68,496 shares in the company, valued at approximately $6,301,632. This represents a 12.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 26,967 shares of company stock worth $2,236,108 in the last 90 days. Insiders own 0.48% of the company’s stock.

Semtech Price Performance

Shares of Semtech stock opened at $87.11 on Monday. The stock has a market cap of $8.06 billion, a P/E ratio of 281.00 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. The stock’s fifty day moving average is $78.54 and its 200 day moving average is $68.76. Semtech Corporation has a one year low of $24.05 and a one year high of $92.50.

Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Monday, November 24th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. Semtech had a return on equity of 17.00% and a net margin of 2.77%.The business had revenue of $266.97 million during the quarter, compared to analyst estimates of $266.36 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. Semtech’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. Sell-side analysts anticipate that Semtech Corporation will post -0.02 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on SMTC. Roth Mkm upped their target price on shares of Semtech from $65.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Needham & Company LLC reiterated a “buy” rating and set a $80.00 target price on shares of Semtech in a report on Tuesday, November 25th. Oppenheimer restated an “outperform” rating and issued a $81.00 price target on shares of Semtech in a research note on Tuesday, November 25th. B. Riley Financial lifted their price objective on Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Finally, Robert W. Baird increased their target price on Semtech from $70.00 to $88.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Semtech has a consensus rating of “Moderate Buy” and an average target price of $79.21.

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.