Nordea Investment Management AB Decreases Holdings in Semtech Corporation $SMTC

Nordea Investment Management AB trimmed its position in Semtech Corporation (NASDAQ:SMTC) by 11.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,421 shares of the semiconductor company’s stock after selling 13,248 shares during the period. Nordea Investment Management AB’s holdings in Semtech were worth $7,776,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in SMTC. Jones Financial Companies Lllp lifted its holdings in shares of Semtech by 12,214.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock valued at $89,000 after purchasing an additional 2,565 shares during the last quarter. Empowered Funds LLC grew its stake in Semtech by 11.5% during the 1st quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock worth $323,000 after buying an additional 968 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Semtech by 5.8% during 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 valued at $14,166,000 after buying an additional 22,629 shares in the last quarter. Strs Ohio acquired a new position in Semtech during the 1st quarter valued at about $65,000. Finally, Creative Planning raised its stake in Semtech by 11.2% in the second quarter. Creative Planning now owns 27,098 shares of the semiconductor company’s stock valued at $1,223,000 after buying an additional 2,728 shares during the last quarter.

Key Stories Impacting Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Semtech announced the TDS5311P SurgeSwitch®, billed as the industry’s first circuit-protection device that delivers near-constant clamping voltage for USB Power Delivery Extended Power Range (EPR) at 48V — a product that can broaden addressable markets in data-center and high-power USB applications and supports the company’s growth narrative. Semtech SurgeSwitch Tackles the USB-PD VBus Protection Gap at 53 V
• Positive Sentiment: Coverage highlighting Semtech’s positioning in AI data-center networking and IoT growth is reinforcing a bullish narrative that revenue mix could shift toward higher-growth end markets. That thematic coverage can lift investor expectations for revenue expansion and margin leverage. How The Semtech (SMTC) Story Is Shifting With AI Data Centers And IoT Growth Targets
• Positive Sentiment: Zacks published a bullish note framing SMTC as a strong growth stock using its style scores, which can attract momentum and retail/quant interest. Here’s Why Semtech (SMTC) is a Strong Growth Stock
• Neutral Sentiment: Several short-interest data feeds show a reported large increase but list “0 shares” (and NaN changes), producing a days-to-cover of 0.0 — this appears to be a reporting/data anomaly rather than a meaningful change in short activity. Investors should treat those figures cautiously until corrected filings appear.
• Negative Sentiment: CFO Mark Lin sold 9,186 shares on March 24 at an average price of $75.05 (≈$689k), reducing his holding by ~21.9%. Insider selling of this size can be interpreted negatively by some investors, even though insiders still retain a position. See the SEC filing for details. SEC Form 4 – Mark Lin

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SMTC. Wall Street Zen lowered Semtech from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 26th. Robert W. Baird increased their price objective on shares of Semtech from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Oppenheimer lifted their target price on shares of Semtech from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Morgan Stanley boosted their target price on shares of Semtech from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th. Finally, Weiss Ratings lowered shares of Semtech from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Tuesday. Fourteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Semtech presently has a consensus rating of “Moderate Buy” and an average target price of $93.14.

Insider Activity at Semtech

In other Semtech news, COO Asaf Silberstein sold 10,000 shares of Semtech stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $92.00, for a total transaction of $920,000.00. Following the completion of the sale, the chief operating officer directly owned 68,496 shares in the company, valued at approximately $6,301,632. The trade was a 12.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Mark Lin sold 9,186 shares of the company’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $75.05, for a total transaction of $689,409.30. Following the completion of the sale, the chief financial officer directly owned 32,710 shares in the company, valued at $2,454,885.50. This trade represents a 21.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 49,377 shares of company stock worth $4,055,452 in the last ninety days. 0.48% of the stock is owned by company insiders.

Semtech Stock Up 2.7%

Semtech stock opened at $80.04 on Thursday. The business’s 50-day simple moving average is $84.09 and its two-hundred day simple moving average is $74.87. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.67 and a current ratio of 2.37. The company has a market cap of $7.44 billion, a PE ratio of -181.91 and a beta of 1.99. Semtech Corporation has a fifty-two week low of $24.05 and a fifty-two week high of $96.46.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings data on Monday, March 16th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $274.40 million during the quarter, compared to analysts’ expectations of $273.14 million. Semtech had a positive return on equity of 18.09% and a negative net margin of 3.86%.The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. Equities analysts anticipate that Semtech Corporation will post -0.02 EPS for the current year.

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.