Capital International Investors Invests $39.59 Million in Semtech Corporation $SMTC

Capital International Investors acquired a new position in Semtech Corporation (NASDAQ:SMTC) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 537,298 shares of the semiconductor company’s stock, valued at approximately $39,593,000.

A number of other institutional investors have also made changes to their positions in the business. Evergreen Capital Management LLC increased its stake in shares of Semtech by 2.3% in the fourth quarter. Evergreen Capital Management LLC now owns 5,945 shares of the semiconductor company’s stock worth $438,000 after purchasing an additional 136 shares during the period. Stephens Inc. AR increased its stake in Semtech by 3.3% during the fourth quarter. Stephens Inc. AR now owns 4,410 shares of the semiconductor company’s stock valued at $325,000 after acquiring an additional 142 shares during the period. Journey Strategic Wealth LLC raised its holdings in Semtech by 3.2% in the 3rd quarter. Journey Strategic Wealth LLC now owns 5,074 shares of the semiconductor company’s stock valued at $363,000 after acquiring an additional 159 shares in the last quarter. AlphaQuest LLC lifted its position in shares of Semtech by 42.5% in the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 173 shares during the period. Finally, Archer Investment Corp lifted its position in shares of Semtech by 7.3% in the 4th quarter. Archer Investment Corp now owns 2,683 shares of the semiconductor company’s stock worth $198,000 after acquiring an additional 182 shares during the period.

Insider Buying and Selling

In other news, EVP Jason Elliot Green sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $81.73, for a total value of $612,975.00. Following the sale, the executive vice president directly owned 8,811 shares in the company, valued at approximately $720,123.03. This represents a 45.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Hong Q. Hou sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $162.10, for a total value of $324,200.00. Following the completion of the sale, the chief executive officer owned 69,228 shares in the company, valued at approximately $11,221,858.80. This represents a 2.81% 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 90 days, insiders sold 25,660 shares of company stock worth $2,268,140. Insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SMTC shares. Weiss Ratings cut Semtech from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, March 24th. TD Cowen restated a “buy” rating on shares of Semtech in a research report on Tuesday, February 24th. Northland Securities cut Semtech from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 26th. Needham & Company LLC boosted their price objective on Semtech from $105.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, Morgan Stanley boosted their price objective on Semtech from $155.00 to $175.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Thirteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $179.73.

Semtech Trading Down 0.8%

SMTC stock opened at $157.52 on Wednesday. Semtech Corporation has a 1-year low of $39.07 and a 1-year high of $172.35. The firm has a market cap of $14.67 billion, a P/E ratio of -403.90 and a beta of 2.32. The business’s 50 day moving average is $120.41 and its 200-day moving average is $93.97. The company has a current ratio of 2.37, a quick ratio of 1.62 and a debt-to-equity ratio of 0.86.

Semtech (NASDAQ:SMTC) last released its quarterly earnings data 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 positive return on equity of 18.31% and a negative net margin of 3.05%.The company had revenue of $291.02 million for the quarter, compared to analyst estimates of $283.53 million. During the same period in the prior year, the company posted $0.38 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Equities analysts anticipate that Semtech Corporation will post 1.81 earnings per share for the current fiscal 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.