48,572 Shares in Semtech Corporation $SMTC Acquired by Heartland Advisors Inc.

Heartland Advisors Inc. acquired a new stake in shares of Semtech Corporation (NASDAQ:SMTC) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 48,572 shares of the semiconductor company’s stock, valued at approximately $7,861,000. Heartland Advisors Inc. owned 0.05% of Semtech as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. FNY Investment Advisers LLC boosted its position in shares of Semtech by 900.0% during the second quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 180 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Semtech in the 2nd quarter valued at $32,000. Banque Cantonale Vaudoise acquired a new stake in Semtech during the 1st quarter worth $33,000. IFP Advisors Inc acquired a new stake in Semtech during the 4th quarter worth $53,000. Finally, Allworth Financial LP bought a new position in Semtech during the second quarter worth about $55,000.

Semtech Stock Performance

SMTC opened at $124.09 on Friday. The business’s 50-day moving average price is $137.87 and its two-hundred day moving average price is $117.45. Semtech Corporation has a 1 year low of $49.04 and a 1 year high of $177.35. The company has a market capitalization of $11.56 billion, a price-to-earnings ratio of -318.18 and a beta of 2.35. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.37 and a quick ratio of 1.62.

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

Insider Transactions at Semtech

In other Semtech news, CFO Mark Lin sold 970 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $150.41, for a total transaction of $145,897.70. Following the completion of the transaction, the chief financial officer 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul V. Walsh, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $164.99, for a total transaction of $82,495.00. Following the transaction, the director directly owned 28,100 shares of the company’s stock, valued at $4,636,219. This represents a 1.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 21,734 shares of company stock worth $3,133,986. Corporate insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

SMTC has been the subject of a number of research analyst reports. UBS Group boosted their target price on Semtech from $165.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Roth Capital lifted their price objective on Semtech from $102.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. New Street Research set a $230.00 price objective on Semtech in a research report on Thursday. Northland Securities cut Semtech from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 26th. Finally, Citigroup downgraded shares of Semtech from a “buy” rating to a “market perform” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $189.47.

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.