Semtech Corporation $SMTC Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in Semtech Corporation (NASDAQ:SMTC) by 53.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,342 shares of the semiconductor company’s stock after buying an additional 4,973 shares during the quarter. Quantinno Capital Management LP’s holdings in Semtech were worth $1,103,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SMTC. Think Investments LP purchased a new stake in Semtech in the 3rd quarter worth approximately $58,618,000. Ameriprise Financial Inc. increased its holdings in shares of Semtech by 10.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock valued at $321,040,000 after purchasing an additional 666,456 shares in the last quarter. Atreides Management LP purchased a new position in shares of Semtech during the 2nd quarter valued at approximately $29,880,000. Assenagon Asset Management S.A. lifted its stake in shares of Semtech by 323.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 781,003 shares of the semiconductor company’s stock valued at $60,051,000 after purchasing an additional 596,373 shares during the period. Finally, Capital International Investors purchased a new stake in Semtech during the fourth quarter worth $39,593,000.

Insider Buying and Selling at Semtech

In other news, COO Asaf Silberstein sold 8,500 shares of Semtech stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $127.80, for a total value of $1,086,300.00. Following the sale, the chief operating officer directly owned 96,862 shares of the company’s stock, valued at $12,378,963.60. The trade was a 8.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 2,264 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $129.90, for a total value of $294,093.60. Following the sale, the executive vice president owned 8,611 shares of the company’s stock, valued at $1,118,568.90. The trade was a 20.82% 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. Over the last ninety days, insiders have sold 22,234 shares of company stock valued at $3,203,091. 0.44% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SMTC. Needham & Company LLC restated a “buy” rating and set a $200.00 price target on shares of Semtech in a research report on Friday. Northland Securities lowered shares of Semtech from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 26th. Oppenheimer set a $200.00 target price on Semtech in a research report on Wednesday, May 27th. B. Riley Financial lifted their price target on Semtech from $165.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Finally, Roth Capital upped their price target on Semtech from $102.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $189.07.

Semtech Stock Up 5.1%

Shares of NASDAQ SMTC opened at $140.35 on Friday. The company’s 50-day simple moving average is $140.61 and its 200-day simple moving average is $115.63. Semtech Corporation has a 52-week low of $46.02 and a 52-week high of $177.35. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of -359.87 and a beta of 2.35. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86.

Semtech (NASDAQ:SMTC) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $283.53 million. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 EPS. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Equities analysts predict that Semtech Corporation will post 1.81 EPS 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.