Semtech Corporation $SMTC Stock Bought by Capstone Capital Management Ltd

Capstone Capital Management Ltd raised its stake in Semtech Corporation (NASDAQ:SMTC) by 217.2% during the third quarter, HoldingsChannel.com reports. The fund owned 10,192 shares of the semiconductor company’s stock after purchasing an additional 6,979 shares during the quarter. Semtech comprises approximately 0.7% of Capstone Capital Management Ltd’s holdings, making the stock its 25th biggest position. Capstone Capital Management Ltd’s holdings in Semtech were worth $1,818,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of SMTC. Blue Jean Financial LLC bought a new position in shares of Semtech during the 3rd quarter valued at about $3,303,000. IFP Advisors Inc grew its position in shares of Semtech by 30.7% during the third quarter. IFP Advisors Inc now owns 936 shares of the semiconductor company’s stock valued at $167,000 after purchasing an additional 220 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in shares of Semtech by 21.6% during the third quarter. TD Waterhouse Canada Inc. now owns 4,876 shares of the semiconductor company’s stock valued at $911,000 after purchasing an additional 865 shares in the last quarter. Pension & Wealth Management Advisors Inc. purchased a new position in shares of Semtech during the third quarter valued at about $53,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Semtech by 56.3% in the third quarter. Assenagon Asset Management S.A. now owns 546,422 shares of the semiconductor company’s stock worth $97,454,000 after purchasing an additional 196,734 shares during the last quarter.

Insider Transactions at Semtech

In related news, Director Julie Ruehl sold 1,500 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $145.00, for a total transaction of $217,500.00. Following the sale, the director owned 7,140 shares in the company, valued at approximately $1,035,300. This represents a 17.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark Lin sold 967 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $178.87, for a total value of $172,967.29. Following the completion of the sale, the chief financial officer owned 35,999 shares of the company’s stock, valued at approximately $6,439,141.13. This represents a 2.62% 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. In the last quarter, insiders have sold 13,737 shares of company stock worth $2,267,877. 0.44% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on SMTC shares. UBS Group increased their price target on Semtech from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Seaport Research Partners started coverage on Semtech in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $200.00 price objective on the stock. TD Cowen reaffirmed a “buy” rating and set a $215.00 price objective on shares of Semtech in a report on Friday, October 16th. New Street Research set a $230.00 price objective on Semtech in a report on Thursday, August 20th. Finally, Weiss Ratings downgraded Semtech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $213.11.

Semtech Stock Down 4.2%

Shares of NASDAQ:SMTC opened at $136.20 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.31 and a debt-to-equity ratio of 0.47. Semtech Corporation has a 12 month low of $60.28 and a 12 month high of $201.99. The company has a 50-day moving average price of $157.28 and a 200 day moving average price of $140.55. The company has a market cap of $12.71 billion, a price-to-earnings ratio of 90.20 and a beta of 2.41.

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

About Semtech

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.