GSA Capital Partners LLP Takes $2.03 Million Position in Semtech Corporation $SMTC

GSA Capital Partners LLP purchased a new position in Semtech Corporation (NASDAQ:SMTC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,560 shares of the semiconductor company’s stock, valued at approximately $2,033,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royce & Associates LP boosted its holdings in shares of Semtech by 144.5% during the 4th quarter. Royce & Associates LP now owns 107,617 shares of the semiconductor company’s stock worth $7,930,000 after purchasing an additional 63,603 shares during the last quarter. Argos Wealth Advisors LLC purchased a new stake in shares of Semtech in the fourth quarter valued at approximately $640,000. Geode Capital Management LLC increased its holdings in shares of Semtech by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 2,099,033 shares of the semiconductor company’s stock valued at $154,704,000 after purchasing an additional 6,715 shares during the last quarter. Strs Ohio increased its holdings in shares of Semtech by 558.9% in the fourth quarter. Strs Ohio now owns 48,100 shares of the semiconductor company’s stock valued at $3,544,000 after purchasing an additional 40,800 shares during the last quarter. Finally, Swiss National Bank lifted its position in Semtech by 6.9% during the first quarter. Swiss National Bank now owns 183,000 shares of the semiconductor company’s stock worth $14,071,000 after buying an additional 11,800 shares in the last quarter.

Insider Buying and Selling at Semtech

In related news, CFO Mark Lin sold 970 shares of the company’s 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 sale, the chief financial officer directly owned 34,896 shares of the company’s stock, valued at $5,248,707.36. This represents a 2.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Hong Q. Hou sold 2,000 shares of the stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $133.00, for a total transaction of $266,000.00. Following the sale, the chief executive officer owned 64,799 shares in the company, valued at approximately $8,618,267. This trade represents a 2.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 22,234 shares of company stock valued at $3,203,091. Corporate insiders own 0.44% of the company’s stock.

Semtech Stock Performance

Shares of SMTC stock opened at $140.35 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.62 and a current ratio of 2.37. The firm has a market cap of $13.07 billion, a P/E ratio of -359.87 and a beta of 2.35. The firm’s 50 day moving average price is $140.61 and its 200-day moving average price is $115.63. Semtech Corporation has a one year low of $46.02 and a one year high of $177.35.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on SMTC shares. UBS Group boosted their price objective on Semtech from $165.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Benchmark raised their target price on Semtech from $120.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. B. Riley Financial lifted their price target on Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. TD Cowen boosted their price target on shares of Semtech from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Susquehanna raised their price objective on shares of Semtech from $170.00 to $200.00 and gave the stock a “positive” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.