WINTON GROUP Ltd Acquires Shares of 3,700 Semtech Corporation $SMTC

WINTON GROUP Ltd bought a new position in shares of Semtech Corporation (NASDAQ:SMTC) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 3,700 shares of the semiconductor company’s stock, valued at approximately $599,000.

A number of other large investors have also modified their holdings of the business. ABS Investment Management LLC acquired a new stake in shares of Semtech in the second quarter valued at about $178,035,000. FNY Investment Advisers LLC boosted its position in Semtech by 900.0% during the second quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 180 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Semtech during the 2nd quarter valued at about $32,000. Allworth Financial LP purchased a new stake in Semtech during the 2nd quarter valued at about $55,000. Finally, Allied Private Wealth LLC acquired a new stake in Semtech in the 2nd quarter valued at about $65,000.

Semtech Stock Performance

NASDAQ:SMTC opened at $150.91 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.31. The firm has a market capitalization of $14.08 billion, a price-to-earnings ratio of 99.94 and a beta of 2.35. The company’s 50-day moving average is $134.51 and its two-hundred day moving average is $124.44. Semtech Corporation has a 1-year low of $57.50 and a 1-year high of $177.35.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. The business had revenue of $341.87 million during the quarter, compared to the consensus estimate of $328.67 million. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The business’s revenue was up 32.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 EPS. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Analysts forecast that Semtech Corporation will post 2.64 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SMTC. Benchmark reissued a “buy” rating on shares of Semtech in a research note on Thursday, August 20th. Zacks Research cut Semtech from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. Susquehanna lifted their price objective on Semtech from $170.00 to $200.00 and gave the stock a “positive” rating in a research report on Wednesday, May 27th. Wall Street Zen raised Semtech from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 29th. Finally, Morgan Stanley boosted their price objective on Semtech from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 26th. Fifteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Semtech has a consensus rating of “Moderate Buy” and an average price target of $204.71.

Insider Buying and Selling

In other news, insider John Wilson sold 5,500 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $170.00, for a total value of $935,000.00. Following the transaction, the insider owned 80,876 shares of the company’s stock, valued at $13,748,920. This represents a 6.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Asaf Silberstein sold 8,500 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $127.80, for a total value of $1,086,300.00. Following the transaction, the chief operating officer owned 96,862 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 23,917 shares of company stock valued at $3,413,918 in the last ninety days. Company insiders own 0.44% of the company’s stock.

Semtech Company Profile

Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and technology company that designs and supplies analog and mixed-signal products. Its solutions are used to manage, protect, connect and process electronic signals in infrastructure, data centers, industrial systems, automotive applications, consumer devices and communications equipment.

The company’s portfolio includes signal-integrity and connectivity products, power-management and protection devices, wireless and radio-frequency solutions, and specialized semiconductors.