OneDigital Investment Advisors LLC Buys Shares of 8,122 Semtech Corporation $SMTC

OneDigital Investment Advisors LLC bought a new position in shares of Semtech Corporation (NASDAQ:SMTC) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,122 shares of the semiconductor company’s stock, valued at approximately $1,315,000.

Several other institutional investors also recently modified their holdings of SMTC. FNY Investment Advisers LLC raised its position in shares of Semtech by 900.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 180 shares during the period. Allied Private Wealth LLC acquired a new position in Semtech during the second quarter valued at approximately $65,000. Banque Cantonale Vaudoise bought a new stake in Semtech in the first quarter valued at approximately $33,000. IFP Advisors Inc acquired a new stake in Semtech in the fourth quarter worth $53,000. Finally, Harbor Investment Advisory LLC bought a new position in shares of Semtech during the second quarter worth $127,000.

Semtech Price Performance

SMTC stock opened at $154.22 on Tuesday. The stock has a 50-day moving average price of $140.52 and a two-hundred day moving average price of $116.40. The stock has a market cap of $14.37 billion, a PE ratio of -395.44 and a beta of 2.35. The company has a current ratio of 2.37, a quick ratio of 1.62 and a debt-to-equity ratio of 0.86. Semtech Corporation has a 1 year low of $46.02 and a 1 year high of $177.35.

Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. The firm 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 for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Equities analysts forecast that Semtech Corporation will post 1.81 EPS for the current fiscal year.

Insider Transactions at Semtech

In other Semtech news, CFO Mark Lin sold 970 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $150.41, for a total transaction of $145,897.70. Following the completion of the transaction, the chief financial officer owned 34,896 shares of the company’s stock, valued at $5,248,707.36. This represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul V. Walsh, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $164.99, for a total transaction of $82,495.00. Following the transaction, the director directly owned 28,100 shares of the company’s stock, valued at $4,636,219. This represents a 1.75% 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 three months, insiders have sold 22,234 shares of company stock worth $3,203,091. Corporate insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

SMTC has been the subject of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $200.00 price objective on shares of Semtech in a research report on Friday. Northland Securities downgraded Semtech from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 26th. Stifel Nicolaus lifted their price objective on Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. UBS Group boosted their price objective on Semtech from $165.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, Mizuho set a $225.00 target price on Semtech in a research note on Wednesday, May 27th. 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $189.07.

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.