Y Intercept Hong Kong Ltd Sells 23,466 Shares of Semtech Corporation $SMTC

Y Intercept Hong Kong Ltd decreased its position in Semtech Corporation (NASDAQ:SMTC) by 42.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 31,605 shares of the semiconductor company’s stock after selling 23,466 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Semtech were worth $2,258,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC acquired a new stake in Semtech in the 3rd quarter valued at approximately $41,000. Bessemer Group Inc. raised its holdings in shares of Semtech by 78.4% in the second quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 287 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Semtech in the second quarter valued at approximately $33,000. First Horizon Corp bought a new stake in shares of Semtech in the third quarter worth $61,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Semtech by 24.1% during the second quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the semiconductor company’s stock worth $57,000 after purchasing an additional 247 shares during the last quarter.

Insider Buying and Selling at Semtech

In other Semtech news, insider John Michael Wilson sold 5,000 shares of Semtech stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $75.12, for a total transaction of $375,600.00. Following the completion of the transaction, the insider directly owned 60,066 shares of the company’s stock, valued at $4,512,157.92. The trade was a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Saar Gillai sold 3,600 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $75.26, for a total transaction of $270,936.00. Following the completion of the transaction, the director owned 9,523 shares in the company, valued at approximately $716,700.98. This represents a 27.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 16,967 shares of company stock worth $1,316,108. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SMTC. Benchmark lifted their price target on shares of Semtech from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $80.00 target price on shares of Semtech in a research report on Tuesday, November 25th. Oppenheimer reissued an “outperform” rating and set a $81.00 price target on shares of Semtech in a research report on Tuesday, November 25th. Susquehanna raised their price target on Semtech from $65.00 to $80.00 and gave the company a “positive” rating in a research note on Tuesday, November 18th. Finally, Summit Insights raised Semtech from a “hold” rating to a “buy” rating in a research report on Tuesday, November 25th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.21.

Semtech Trading Up 2.6%

Semtech stock opened at $81.57 on Thursday. The stock has a 50-day simple moving average of $75.29 and a 200 day simple moving average of $65.78. The stock has a market capitalization of $7.55 billion, a P/E ratio of 263.13 and a beta of 2.01. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43. Semtech Corporation has a 52 week low of $24.05 and a 52 week high of $83.80.

Semtech (NASDAQ:SMTC) last released its quarterly earnings data on Monday, November 24th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. Semtech had a return on equity of 17.00% and a net margin of 2.77%.The firm had revenue of $266.97 million for the quarter, compared to analyst estimates of $266.36 million. During the same quarter in the prior year, the company earned $0.26 earnings per share. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. Analysts expect that Semtech Corporation will post -0.02 earnings per share for the current 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.