Inspire Investing LLC Increases Holdings in Semtech Corporation $SMTC

Inspire Investing LLC grew its stake in Semtech Corporation (NASDAQ:SMTC) by 64.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,927 shares of the semiconductor company’s stock after acquiring an additional 5,065 shares during the quarter. Inspire Investing LLC’s holdings in Semtech were worth $994,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SMTC. Think Investments LP bought a new position in Semtech in the 3rd quarter worth about $58,618,000. Ameriprise Financial Inc. raised its holdings in Semtech by 10.3% in the second quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock worth $321,040,000 after buying an additional 666,456 shares during the last quarter. Atreides Management LP bought a new position in shares of Semtech in the second quarter worth approximately $29,880,000. Assenagon Asset Management S.A. grew its holdings in shares of Semtech by 323.0% during the first quarter. Assenagon Asset Management S.A. now owns 781,003 shares of the semiconductor company’s stock valued at $60,051,000 after buying an additional 596,373 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of Semtech by 199.3% during the third quarter. Schroder Investment Management Group now owns 879,880 shares of the semiconductor company’s stock valued at $62,867,000 after buying an additional 585,852 shares during the last quarter.

Semtech Trading Down 9.2%

Semtech stock opened at $147.03 on Thursday. Semtech Corporation has a 52-week low of $42.42 and a 52-week high of $177.35. The company has a market cap of $13.70 billion, a P/E ratio of -377.00 and a beta of 2.31. 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 has a 50-day simple moving average of $143.41 and a two-hundred day simple moving average of $103.66.

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

Insider Buying and Selling at Semtech

In related news, CEO Hong Q. Hou sold 2,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $162.10, for a total value of $324,200.00. Following the transaction, the chief executive officer directly owned 69,228 shares of the company’s stock, valued at approximately $11,221,858.80. This trade represents a 2.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Semtech stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $164.99, for a total value of $82,495.00. Following the transaction, the director owned 28,100 shares in the company, valued at $4,636,219. This trade represents a 1.75% 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. Over the last quarter, insiders have sold 13,500 shares of company stock worth $1,866,435. 0.48% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SMTC. Robert W. Baird boosted their price objective on shares of Semtech from $110.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Morgan Stanley lifted their target price on Semtech from $155.00 to $175.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. Oppenheimer set a $200.00 price target on Semtech in a research note on Wednesday, May 27th. Roth Mkm increased their price objective on Semtech from $102.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, B. Riley Financial lifted their price objective on Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently 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.