Nisa Investment Advisors LLC Sells 4,328 Shares of Semtech Corporation $SMTC

Nisa Investment Advisors LLC cut its holdings in Semtech Corporation (NASDAQ:SMTC) by 24.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,329 shares of the semiconductor company’s stock after selling 4,328 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Semtech were worth $2,377,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Osterweis Capital Management Inc. purchased a new position in shares of Semtech in the second quarter worth $9,783,000. Canada Pension Plan Investment Board bought a new position in shares of Semtech during the second quarter valued at $39,313,000. Swiss National Bank boosted its position in shares of Semtech by 6.9% during the first quarter. Swiss National Bank now owns 183,000 shares of the semiconductor company’s stock valued at $14,071,000 after buying an additional 11,800 shares during the last quarter. Nicholas Investment Partners LP purchased a new stake in shares of Semtech during the second quarter valued at $13,673,000. Finally, Sei Investments Co. boosted its position in shares of Semtech by 65.9% during the first quarter. Sei Investments Co. now owns 357,875 shares of the semiconductor company’s stock valued at $27,517,000 after buying an additional 142,197 shares during the last quarter.

Semtech Price Performance

NASDAQ SMTC opened at $132.00 on Friday. The business’s fifty day moving average price is $156.98 and its 200-day moving average price is $141.20. The stock has a market capitalization of $12.32 billion, a price-to-earnings ratio of 87.42 and a beta of 2.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.31. Semtech Corporation has a 1-year low of $60.28 and a 1-year high of $201.99.

Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. Semtech had a return on equity of 21.74% and a net margin of 13.11%. The firm had revenue of $341.87 million for the quarter, compared to the consensus estimate of $328.67 million. During the same period last year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. On average, equities analysts predict that Semtech Corporation will post 2.80 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SMTC. Northland Securities raised Semtech from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a research report on Friday, October 16th. TD Cowen restated a “buy” rating and set a $215.00 target price on shares of Semtech in a research note on Friday, October 16th. UBS Group raised their price target on shares of Semtech from $225.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Benchmark reiterated a “buy” rating on shares of Semtech in a research note on Thursday, August 20th. Finally, Wall Street Zen upgraded shares of Semtech from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $213.11.

Insider Buying and Selling

In other Semtech news, Director Rodolpho C. Cardenuto sold 5,321 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $877,965.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Julie Ruehl sold 1,500 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $145.00, for a total transaction of $217,500.00. Following the sale, the director directly owned 7,140 shares of the company’s stock, valued at $1,035,300. The trade was a 17.36% decrease in their position. 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. Insiders have sold 14,237 shares of company stock valued at $2,337,597 in the last 90 days. Insiders own 0.44% of the company’s stock.

Semtech Company Profile

Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and infrastructure technology company that develops analog and mixed-signal products for communications, industrial, data center, consumer, and automotive applications. Its portfolio is designed to improve connectivity, power efficiency, signal integrity, and protection in electronic systems.

The company’s products include high-speed connectivity solutions for data centers and communications networks, power management and protection devices, signal integrity components, and wireless and radio-frequency technologies.