Semtech Corporation $SMTC Shares Acquired by Katamaran Capital LLP

Katamaran Capital LLP grew its holdings in Semtech Corporation (NASDAQ:SMTC) by 148.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 41,082 shares of the semiconductor company’s stock after acquiring an additional 24,567 shares during the quarter. Semtech comprises 2.5% of Katamaran Capital LLP’s investment portfolio, making the stock its 13th biggest holding. Katamaran Capital LLP’s holdings in Semtech were worth $3,159,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SMTC. Think Investments LP acquired a new position in Semtech in the third quarter valued at approximately $58,618,000. Ameriprise Financial Inc. increased its stake in Semtech by 10.3% in the second quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock valued at $321,040,000 after purchasing an additional 666,456 shares during the last quarter. Atreides Management LP acquired a new stake in Semtech during the second quarter worth approximately $29,880,000. Assenagon Asset Management S.A. lifted its position in shares of Semtech by 323.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 781,003 shares of the semiconductor company’s stock worth $60,051,000 after buying an additional 596,373 shares during the last quarter. Finally, Capital International Investors purchased a new stake in shares of Semtech during the 4th quarter worth approximately $39,593,000.

Semtech Stock Up 7.0%

SMTC opened at $141.36 on Wednesday. The business has a 50 day moving average price of $148.96 and a two-hundred day moving average price of $107.58. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86. The company has a market cap of $13.17 billion, a PE ratio of -362.46 and a beta of 2.31. Semtech Corporation has a 52 week low of $46.02 and a 52 week high of $177.35.

Semtech (NASDAQ:SMTC) last announced its earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. The company had revenue of $291.02 million for the quarter, compared to the consensus estimate of $283.53 million. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The company’s revenue was up 15.9% on a year-over-year basis. During the same period last year, the business posted $0.38 EPS. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. As a group, research analysts anticipate that Semtech Corporation will post 1.81 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SMTC. Benchmark upped their target price on shares of Semtech from $120.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Roth Capital boosted their price target on shares of Semtech from $102.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Citigroup downgraded shares of Semtech from a “buy” rating to a “market perform” rating in a research note on Tuesday, May 26th. Oppenheimer set a $200.00 price objective on Semtech in a report on Wednesday, May 27th. Finally, Northland Securities cut Semtech from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Semtech currently has an average rating of “Moderate Buy” and an average target price of $189.07.

Insider Activity

In related news, Director Paul V. Walsh, Jr. sold 500 shares of Semtech stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $164.99, for a total value of $82,495.00. Following the transaction, the director directly owned 28,100 shares in the company, valued at $4,636,219. This trade represents a 1.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Asaf Silberstein sold 8,500 shares of the business’s stock in a transaction on 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 in the company, valued at $12,378,963.60. This represents a 8.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 22,734 shares of company stock valued at $3,256,056. 0.48% of the stock is currently owned by company insiders.

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.