Schroder Investment Management Group Boosts Holdings in Semtech Corporation $SMTC

Schroder Investment Management Group raised its position in Semtech Corporation (NASDAQ:SMTC) by 199.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 879,880 shares of the semiconductor company’s stock after buying an additional 585,852 shares during the quarter. Schroder Investment Management Group owned about 1.01% of Semtech worth $62,867,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of SMTC. Ameriprise Financial Inc. lifted its stake in shares of Semtech by 10.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock worth $321,040,000 after acquiring an additional 666,456 shares during the period. State Street Corp increased its stake in shares of 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 period. Westfield Capital Management Co. LP raised its holdings in Semtech by 23.0% during the third quarter. Westfield Capital Management Co. LP now owns 3,380,373 shares of the semiconductor company’s stock worth $241,528,000 after purchasing an additional 633,113 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Semtech by 9.8% during the second quarter. Alliancebernstein L.P. now owns 3,318,384 shares of the semiconductor company’s stock worth $149,792,000 after purchasing an additional 294,990 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted its position in Semtech by 4.2% in the second 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 period.

Insiders Place Their Bets

In other Semtech news, COO Asaf Silberstein sold 10,000 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $92.00, for a total transaction 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. The trade was a 12.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory Michael Fischer sold 1,034 shares of the company’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $75.50, for a total value of $78,067.00. Following the completion of the sale, the director directly owned 2,857 shares in the company, valued at $215,703.50. This trade represents a 26.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 33,549 shares of company stock worth $2,787,350. 0.48% of the stock is owned by insiders.

Semtech Trading Up 2.9%

Shares of Semtech stock opened at $87.58 on Wednesday. Semtech Corporation has a 12-month low of $24.05 and a 12-month high of $96.46. The company has a current ratio of 2.43, a quick ratio of 1.71 and a debt-to-equity ratio of 0.87. The stock has a market cap of $8.10 billion, a PE ratio of 282.52 and a beta of 1.99. The company has a 50-day moving average of $83.05 and a two-hundred day moving average of $73.27.

Semtech News Summary

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Launched the FX86E 5G RedCap modem targeted at industrial IoT, expanding Semtech’s addressable market for cellular IoT modules and design wins. Read More.
• Positive Sentiment: Announced a partnership with Digital Barriers to deliver an AI-powered device-to-cloud video compression solution for cellular surveillance — a turnkey product that can drive module sales and recurring connectivity/service revenue. Read More.
• Positive Sentiment: Analyst upgrades and higher price targets: Susquehanna raised its price target to $100 and moved to a “positive” stance, and Oppenheimer reaffirmed an “outperform” with a $100 target — signaling expected upside and supporting the rally. Read More. Read More.
• Positive Sentiment: Wall Street commentary is highlighting Semtech as part of renewed AI infrastructure interest, increasing investor focus on its data-center/AI exposure. Read More.
• Neutral Sentiment: Morgan Stanley moved to a “hold” on SMTC, which moderates the upside conviction from other firms. Read More.
• Neutral Sentiment: Technical/valuation context — SMTC is trading above its 50- and 200-day moving averages, market cap near $8B, but a very high P/E (~275–283) implies growth must continue to justify current valuation.
• Negative Sentiment: Insider selling: CFO Mark Lin disclosed a sale of 6,582 shares (~$551k), reducing his stake by ~22.9% — a disclosure that can raise governance/near-term sentiment concerns for some investors. Read More.

Analysts Set New Price Targets

A number of brokerages have weighed in on SMTC. Summit Insights raised Semtech from a “hold” rating to a “buy” rating in a report on Tuesday, November 25th. Stifel Nicolaus increased their target price on Semtech from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Roth Mkm lifted their price target on Semtech from $65.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Semtech in a report on Monday, December 29th. Finally, Benchmark increased their price objective on Semtech from $85.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Semtech presently has a consensus rating of “Moderate Buy” and an average price target of $84.14.

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.