UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in Semtech Corporation $SMTC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Semtech Corporation (NASDAQ:SMTC) by 396.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 842,125 shares of the semiconductor company’s stock after buying an additional 672,447 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Semtech were worth $136,298,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FNY Investment Advisers LLC raised its position in shares of Semtech by 900.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 180 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Semtech in the second quarter worth $32,000. Banque Cantonale Vaudoise purchased a new position in Semtech in the first quarter worth $33,000. IFP Advisors Inc bought a new position in Semtech in the fourth quarter valued at $53,000. Finally, Allworth Financial LP purchased a new stake in Semtech during the second quarter valued at about $55,000.

Insider Buying and Selling at Semtech

In other news, COO Asaf Silberstein sold 8,500 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $127.80, for a total transaction of $1,086,300.00. Following the completion of the transaction, the chief operating officer directly owned 96,862 shares of the company’s stock, valued at approximately $12,378,963.60. This represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark Lin sold 970 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $150.41, for a total transaction of $145,897.70. Following the sale, the chief financial officer owned 34,896 shares of the company’s stock, valued at approximately $5,248,707.36. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,734 shares of company stock worth $3,133,986 over the last ninety days. 0.44% of the stock is owned by company insiders.

Semtech Stock Performance

Shares of SMTC stock opened at $132.27 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.31 and a current ratio of 1.70. Semtech Corporation has a fifty-two week low of $55.18 and a fifty-two week high of $177.35. The stock has a 50 day moving average price of $133.62 and a two-hundred day moving average price of $119.93. The company has a market capitalization of $12.34 billion, a P/E ratio of 87.60 and a beta of 2.35.

Semtech (NASDAQ:SMTC) last issued its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.10. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The firm had revenue of $341.87 million for the quarter, compared to analysts’ expectations of $328.67 million. During the same quarter last year, the business earned $0.41 earnings per share. The business’s revenue was up 32.7% on a year-over-year basis. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Analysts expect that Semtech Corporation will post 2.64 earnings per share for the current year.

More Semtech News

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Northland Securities sharply raised its long-term forecasts. The firm lifted its FY2027 EPS estimate to $2.65 from $1.76 and its FY2028 estimate to $4.78 from $2.78. Quarterly estimates were also increased, including Q3 2027 to $0.85 from $0.51 and Q4 2028 to $1.30 from $0.80. Northland maintained an “Outperform” rating and a $182 price target, signaling substantial potential upside from recent trading levels. Northland Securities analyst estimates
• Positive Sentiment: Semtech is being highlighted as an AI and analog/mixed-signal growth stock. Zacks included SMTC among five AI-powered momentum stocks for September and said the company benefits from strong momentum and robust growth prospects. Another Zacks report identified Semtech as a beneficiary of AI-related demand and a recovery in automotive and industrial markets. Zacks AI-powered momentum stocks report
• Positive Sentiment: New LoRa products are now in production. Semtech expanded its LoRa Plus family with the LR2022 and LR2012, supporting the company’s connected-device and Internet of Things growth strategy. Semtech expands LoRa Plus family
• Neutral Sentiment: Consensus expectations remain bullish, but valuation is demanding. Zacks reported that analysts’ average price target implied 56.44% upside, while Semtech trades at a high price-to-earnings ratio of about 87.6 and has a beta of 2.35. Recent earnings also exceeded expectations, with revenue up 32.7% year over year, but the premium valuation leaves the stock sensitive to profit-taking and broader semiconductor-sector volatility. Zacks Semtech price target analysis

Analyst Ratings Changes

SMTC has been the subject of several research analyst reports. Northland Securities raised Semtech from a “market perform” rating to an “outperform” rating and set a $182.00 price target for the company in a research note on Thursday, August 27th. UBS Group raised their price objective on Semtech from $225.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Zacks Research downgraded Semtech from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 target price on shares of Semtech in a research note on Wednesday, August 26th. Finally, TD Cowen lifted their price target on shares of Semtech from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Fifteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $204.71.

Semtech 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.