Polar Asset Management Partners Inc. Lowers Stock Position in Semtech Corporation $SMTC

Polar Asset Management Partners Inc. lessened its holdings in shares of Semtech Corporation (NASDAQ:SMTC) by 19.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 320,459 shares of the semiconductor company’s stock after selling 75,766 shares during the period. Polar Asset Management Partners Inc. owned 0.35% of Semtech worth $22,897,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. New York State Common Retirement Fund increased its stake in shares of Semtech by 55.7% during the third quarter. New York State Common Retirement Fund now owns 277,661 shares of the semiconductor company’s stock valued at $19,839,000 after purchasing an additional 99,335 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Semtech by 24.4% in the 3rd quarter. Nordea Investment Management AB now owns 117,669 shares of the semiconductor company’s stock worth $7,992,000 after purchasing an additional 23,086 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in shares of Semtech in the 3rd quarter worth approximately $4,318,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Semtech in the 3rd quarter worth approximately $9,160,000. Finally, Hodges Capital Management Inc. bought a new position in Semtech during the 3rd quarter valued at approximately $4,624,000.

Analyst Ratings Changes

A number of brokerages have issued reports on SMTC. Benchmark reiterated a “buy” rating and set a $115.00 price objective on shares of Semtech in a research note on Tuesday. Oppenheimer increased their target price on Semtech from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday. Susquehanna lifted their price target on Semtech from $90.00 to $100.00 and gave the stock a “positive” rating in a research report on Monday, March 9th. Roth Mkm upped their price target on shares of Semtech from $65.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Finally, B. Riley Financial increased their price objective on shares of Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Semtech currently has an average rating of “Moderate Buy” and an average price target of $93.14.

Trending Headlines about Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Multiple Wall Street firms raised price targets and reiterated buy/outperform calls, signaling sustained analyst confidence in Semtech’s data‑center and AI end‑market exposure. Analyst Forecasts
• Positive Sentiment: Q4 showed record sales and a modest beat on adjusted EPS, driven by stronger data‑center and AI demand — a bullish signal for revenue growth and a potential mid‑cycle re‑rating. Q4 Earnings Surprise
• Positive Sentiment: Analysts and commentators are highlighting accelerating datacenter/AI revenue and product launches (including 224G, IoT wins) as catalysts for repairing the company’s loss‑making headline into a growth story. Valuation & AI Focus
• Neutral Sentiment: The company hosted earnings call and published slides/transcripts that detail strategic acquisitions and product roadmaps — useful for validating the AI/datacenter narrative but not immediately market‑moving on their own. Earnings Call Highlights
• Neutral Sentiment: Unusual options activity showed heavy call buying, indicating speculative bullish interest that could amplify moves but is not a guarantee of sustained upside.
• Negative Sentiment: Investors reacted negatively to GAAP impairment and other charges that produced a GAAP loss despite the non‑GAAP beat — the headline loss and an otherwise cautious near‑term guide prompted selling. GAAP Loss & Impairment Analysis
• Negative Sentiment: Notable insider sales and large institutional trimming in recent quarters add a degree of risk to sentiment and supply dynamics for the stock. Insider & Institutional Activity
• Negative Sentiment: Some outlets and analysts are questioning near‑term valuation given mixed metrics and one‑time charges, which can keep downside pressure until clearer confirmation of a sustainable datacenter revenue ramp. Valuation Concerns

Insider Activity at Semtech

In related news, COO Asaf Silberstein sold 10,000 shares of Semtech stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $92.00, for a total value of $920,000.00. Following the completion of the sale, the chief operating officer directly owned 68,496 shares in the company, valued at approximately $6,301,632. This trade represents a 12.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory Michael Fischer sold 1,034 shares of the business’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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 39,691 shares of company stock valued at $3,325,607 over the last three months. 0.48% of the stock is owned by insiders.

Semtech Stock Performance

SMTC stock opened at $73.37 on Thursday. The stock’s 50 day simple moving average is $83.96 and its 200 day simple moving average is $74.23. The company has a current ratio of 2.37, a quick ratio of 1.71 and a debt-to-equity ratio of 0.89. Semtech Corporation has a 12-month low of $24.05 and a 12-month high of $96.46. The stock has a market capitalization of $6.79 billion, a PE ratio of -166.75 and a beta of 1.99.

Semtech (NASDAQ:SMTC) last posted its earnings results on Monday, March 16th. The semiconductor company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Semtech had a positive return on equity of 18.09% and a negative net margin of 3.86%.The business had revenue of $274.40 million during the quarter, compared to analyst estimates of $273.14 million. During the same quarter last year, the company earned $0.40 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, research analysts forecast that Semtech Corporation will post -0.02 earnings per share 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.