Knights of Columbus Asset Advisors LLC Makes New Investment in Semtech Corporation $SMTC

Knights of Columbus Asset Advisors LLC bought a new position in Semtech Corporation (NASDAQ:SMTC) in the fourth quarter, Holdings Channel.com reports. The fund bought 37,633 shares of the semiconductor company’s stock, valued at approximately $2,773,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its position in Semtech by 243.2% in the third quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 360 shares during the period. AlphaQuest LLC lifted its position in Semtech by 42.5% in the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 173 shares during the period. Jones Financial Companies Lllp lifted its position in Semtech by 65.5% in the third quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 235 shares during the period. Assetmark Inc. lifted its position in Semtech by 1,745.5% in the third quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 576 shares during the period. Finally, IFP Advisors Inc acquired a new stake in Semtech in the fourth quarter worth approximately $53,000.

Semtech News Roundup

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Semtech beat Q1 expectations, reporting EPS of $0.51 versus $0.45 expected and revenue of $291 million versus $283.5 million expected, with year-over-year revenue growth of 15.9%. Semtech Announces First Quarter of Fiscal Year 2027 Results
• Positive Sentiment: Management guided Q2 revenue to $323 million-$333 million and EPS to $0.59-$0.63, both above consensus, suggesting continued momentum into the next quarter. Semtech forecasts $328M Q2 revenue as it targets 35 percent sequential data center growth
• Positive Sentiment: Analysts raised price targets after the report, including B. Riley to $210, Needham to $200, Baird to $225, and UBS reiterated a Buy with a $225 target, reinforcing confidence in the growth story. Semtech Stock Gains After Q1 Results Beat Estimates, Analysts Raise Price Targets
• Neutral Sentiment: Commentary from earnings-call coverage highlighted record revenue and strong design wins, especially around data center and optical products, but these are supportive rather than new catalysts. Semtech Corp Q1 2027 Earnings Call Highlights
• Negative Sentiment: Northland Securities downgraded the stock to market perform ahead of the results, showing not all analysts were uniformly bullish. Northland downgrade coverage

Semtech Price Performance

NASDAQ SMTC opened at $157.20 on Thursday. The stock has a market capitalization of $14.64 billion, a P/E ratio of -403.08 and a beta of 2.22. Semtech Corporation has a 1 year low of $34.59 and a 1 year high of $172.36. The business’s fifty day moving average is $105.41 and its two-hundred day moving average is $88.19. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.66 and a current ratio of 2.37.

Semtech (NASDAQ:SMTC) last announced its 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. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.45%. The company had revenue of $291.00 million for the quarter, compared to the consensus estimate of $283.53 million. During the same period in the previous year, the business earned $0.38 EPS. The company’s revenue was up 15.9% on a year-over-year basis. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. On average, research analysts forecast that Semtech Corporation will post 1.6 earnings per share for the current fiscal year.

Insider Activity at Semtech

In other Semtech news, Director Martin Burvill sold 2,500 shares of the business’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $88.98, for a total transaction of $222,450.00. Following the sale, the director directly owned 4,409 shares of the company’s stock, valued at $392,312.82. The trade was a 36.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark Lin sold 974 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $78.42, for a total transaction of $76,381.08. Following the sale, the chief financial officer directly owned 33,343 shares in the company, valued at approximately $2,614,758.06. This trade represents a 2.84% 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 90 days, insiders sold 36,884 shares of company stock worth $3,069,245. Insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on SMTC. Northland Securities cut Semtech from an “outperform” rating to a “market perform” rating in a report on Tuesday. Craig Hallum upped their price target on Semtech from $105.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday. Roth Mkm upped their price target on Semtech from $102.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday. Stifel Nicolaus upped their price target on Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a report on Wednesday. Finally, B. Riley Financial upped their price target on Semtech from $165.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday. Thirteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $179.73.

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.