Capital Research Global Investors Purchases 571,372 Shares of Semtech Corporation $SMTC

Capital Research Global Investors raised its holdings in shares of Semtech Corporation (NASDAQ:SMTC) by 13.9% in the third quarter, HoldingsChannel.com reports. The firm owned 4,691,676 shares of the semiconductor company’s stock after buying an additional 571,372 shares during the period. Capital Research Global Investors owned about 0.05% of Semtech worth $335,220,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SMTC. Jones Financial Companies Lllp increased its stake in Semtech by 12,214.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock valued at $89,000 after buying an additional 2,565 shares during the last quarter. Empowered Funds LLC lifted its holdings in Semtech by 11.5% during the first quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock valued at $323,000 after purchasing an additional 968 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Semtech by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company’s stock valued at $14,166,000 after buying an additional 22,629 shares in the last quarter. Strs Ohio bought a new stake in shares of Semtech during the 1st quarter valued at $65,000. Finally, Envestnet Asset Management Inc. increased its position in shares of Semtech by 24.7% during the second quarter. Envestnet Asset Management Inc. now owns 36,205 shares of the semiconductor company’s stock valued at $1,634,000 after buying an additional 7,161 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SMTC. Stifel Nicolaus raised their target price on shares of Semtech from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, January 16th. B. Riley Financial boosted their price objective on Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Piper Sandler reiterated an “overweight” rating and set a $95.00 target price (up from $70.00) on shares of Semtech in a report on Thursday, December 11th. Susquehanna lifted their price target on shares of Semtech from $90.00 to $100.00 and gave the company a “positive” rating in a report on Monday. Finally, Robert W. Baird lifted their price objective on Semtech from $70.00 to $88.00 and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.14.

Semtech Stock Up 2.9%

SMTC stock opened at $87.58 on Wednesday. The business’s 50-day moving average price is $83.05 and its 200-day moving average price is $73.27. The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.87. The stock has a market cap of $8.10 billion, a P/E ratio of 282.52 and a beta of 1.99. Semtech Corporation has a twelve month low of $24.05 and a twelve month high of $96.46.

Insiders Place Their Bets

In other Semtech news, CFO Mark Lin sold 6,582 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $83.75, for a total transaction of $551,242.50. Following the sale, the chief financial officer directly owned 22,125 shares of the company’s stock, valued at $1,852,968.75. This trade represents a 22.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory Michael Fischer sold 1,034 shares of the company’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $75.50, for a total value of $78,067.00. Following the completion of the transaction, the director directly owned 2,857 shares of the company’s stock, valued at approximately $215,703.50. This trade represents a 26.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,549 shares of company stock worth $2,787,350 in the last three months. 0.48% of the stock is owned by company insiders.

Key Stories Impacting Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: New product: Semtech launched the FX86E 5G RedCap modem targeting industrial IoT — a plug-and-play modem that supports 5G RedCap, 4G/LTE and public/private networks and could expand addressable module and connectivity revenue. Semtech Launches 5G RedCap Modem for Industrial IoT
• Positive Sentiment: AI/video partnership: Semtech partnered with Digital Barriers to deliver an integrated device-to-cloud AI-powered video-compression solution for cellular surveillance — a turnkey offering that can drive module sales and recurring connectivity/service revenue. Semtech Partners with Digital Barriers to Launch AI-Powered Video Compression
• Positive Sentiment: Analyst upgrades: Multiple firms have raised price targets (e.g., Susquehanna and Oppenheimer moving targets toward $100), signaling renewed analyst conviction and giving the stock visible upside from current levels. Benzinga
• Positive Sentiment: Wall Street narrative: Media coverage is grouping Semtech with AI-infrastructure beneficiaries, highlighting its data-center and AI exposure — a thematic tailwind that can attract momentum and re-rating if growth continues. Micron, Oracle and Semtech Are Getting Fresh Wall Street Attention as AI Infrastructure Demand Surges
• Neutral Sentiment: Technical & valuation context: SMTC is trading above its 50- and 200-day moving averages and shows strong institutional ownership, but carries a high P/E that prices in growth — positive for momentum, but increases sensitivity to execution and macro risks.
• Negative Sentiment: Insider selling: CFO Mark Lin sold 6,582 shares (disclosed in an SEC Form 4), reducing his stake by ~23%, which some investors interpret as a cautionary signal despite the company’s positive newsflow. SEC Form 4

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.