Cooper Creek Partners Management LLC Has $12.88 Million Position in Semtech Corporation $SMTC

Cooper Creek Partners Management LLC lessened its position in shares of Semtech Corporation (NASDAQ:SMTC) by 72.7% in the first quarter, HoldingsChannel.com reports. The fund owned 167,452 shares of the semiconductor company’s stock after selling 446,781 shares during the period. Cooper Creek Partners Management LLC’s holdings in Semtech were worth $12,875,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Banque Cantonale Vaudoise bought a new position in Semtech in the first quarter valued at approximately $33,000. IFP Advisors Inc acquired a new stake in shares of Semtech in the 4th quarter valued at $53,000. Sound Income Strategies LLC bought a new position in shares of Semtech in the 4th quarter valued at $60,000. NewEdge Advisors LLC raised its holdings in shares of Semtech by 1,215.4% during the 3rd quarter. NewEdge Advisors LLC now owns 855 shares of the semiconductor company’s stock worth $61,000 after buying an additional 790 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of Semtech by 90.0% during the 4th quarter. Hantz Financial Services Inc. now owns 965 shares of the semiconductor company’s stock worth $71,000 after buying an additional 457 shares during the last quarter.

Insider Activity at Semtech

In other Semtech news, CFO Mark Lin sold 970 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $150.41, for a total transaction of $145,897.70. Following the completion of the sale, the chief financial officer owned 34,896 shares of the company’s stock, valued at approximately $5,248,707.36. This represents a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Asaf Silberstein sold 8,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $127.80, for a total transaction of $1,086,300.00. Following the transaction, the chief operating officer owned 96,862 shares of the company’s stock, valued at approximately $12,378,963.60. The trade was a 8.07% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 22,234 shares of company stock valued at $3,203,091 over the last ninety days. Insiders own 0.44% of the company’s stock.

Semtech Trading Down 9.2%

NASDAQ SMTC opened at $125.92 on Friday. The company has a market cap of $11.73 billion, a price-to-earnings ratio of -322.87 and a beta of 2.31. Semtech Corporation has a twelve month low of $46.02 and a twelve month high of $177.35. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86. The business’s fifty day moving average is $149.03 and its 200 day moving average is $110.52.

Semtech (NASDAQ:SMTC) last issued its earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The business had revenue of $291.02 million during the quarter, compared to analysts’ expectations of $283.53 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. As a group, sell-side analysts expect that Semtech Corporation will post 1.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SMTC has been the topic of several research analyst reports. B. Riley Financial raised their price objective on Semtech from $165.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Needham & Company LLC reissued a “buy” rating and set a $200.00 target price on shares of Semtech in a research note on Monday, July 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Semtech in a report on Thursday, June 18th. Susquehanna raised their price target on shares of Semtech from $170.00 to $200.00 and gave the company a “positive” rating in a research note on Wednesday, May 27th. Finally, Oppenheimer set a $200.00 price target on shares of Semtech in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $189.07.

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.