Versor Investments LP Takes Position in Semtech Corporation $SMTC

Versor Investments LP acquired a new position in shares of Semtech Corporation (NASDAQ:SMTC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,448 shares of the semiconductor company’s stock, valued at approximately $818,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SMTC. New York State Common Retirement Fund boosted its holdings in shares of Semtech by 55.7% in the 3rd quarter. New York State Common Retirement Fund now owns 277,661 shares of the semiconductor company’s stock worth $19,839,000 after acquiring an additional 99,335 shares in the last quarter. Nordea Investment Management AB bought a new position in shares of Semtech in the 2nd quarter valued at about $4,230,000. EFG Asset Management North America Corp. raised its stake in shares of Semtech by 15.6% during the second quarter. EFG Asset Management North America Corp. now owns 94,872 shares of the semiconductor company’s stock worth $4,282,000 after buying an additional 12,796 shares during the last quarter. Lisanti Capital Growth LLC acquired a new position in Semtech in the third quarter valued at approximately $4,318,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Semtech in the third quarter valued at approximately $9,160,000.

Analyst Upgrades and Downgrades

SMTC has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Semtech from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 26th. Piper Sandler reaffirmed an “overweight” rating and set a $95.00 price target (up from $70.00) on shares of Semtech in a research report on Thursday, December 11th. Oppenheimer reiterated an “outperform” rating and issued a $81.00 target price on shares of Semtech in a research note on Tuesday, November 25th. Susquehanna raised their price target on Semtech from $65.00 to $80.00 and gave the company a “positive” rating in a report on Tuesday, November 18th. Finally, B. Riley Financial upped their price target on shares of Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Fourteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $79.21.

Insider Activity

In other news, Director Saar Gillai sold 3,600 shares of the company’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 sale, the director directly owned 9,523 shares in the company, valued at $716,700.98. This represents a 27.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider John Michael Wilson sold 5,000 shares of Semtech stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $75.12, for a total value of $375,600.00. Following the sale, the insider directly owned 60,066 shares of the company’s stock, valued at $4,512,157.92. This represents a 7.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 16,967 shares of company stock worth $1,316,108. Company insiders own 0.48% of the company’s stock.

Semtech Price Performance

Shares of SMTC opened at $88.59 on Wednesday. The firm has a market cap of $8.20 billion, a PE ratio of 285.77 and a beta of 2.01. Semtech Corporation has a 52-week low of $24.05 and a 52-week high of $92.34. The business’s 50 day moving average price is $77.92 and its two-hundred day moving average price is $68.05. 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 posted its earnings results on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The company had revenue of $266.97 million during the quarter, compared to the consensus estimate of $266.36 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The firm’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. On average, equities analysts anticipate that Semtech Corporation will post -0.02 EPS 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.