Semtech Corporation $SMTC Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in Semtech Corporation (NASDAQ:SMTC) by 23.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,680 shares of the semiconductor company’s stock after selling 4,182 shares during the period. PNC Financial Services Group Inc.’s holdings in Semtech were worth $1,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Evergreen Capital Management LLC lifted its stake in shares of Semtech by 2.3% in the 4th quarter. Evergreen Capital Management LLC now owns 5,945 shares of the semiconductor company’s stock worth $438,000 after acquiring an additional 136 shares during the period. Stephens Inc. AR lifted its stake in shares of Semtech by 3.3% in the 4th quarter. Stephens Inc. AR now owns 4,410 shares of the semiconductor company’s stock worth $325,000 after acquiring an additional 142 shares during the period. Journey Strategic Wealth LLC lifted its stake in shares of Semtech by 3.2% in the 3rd quarter. Journey Strategic Wealth LLC now owns 5,074 shares of the semiconductor company’s stock worth $363,000 after acquiring an additional 159 shares during the period. AlphaQuest LLC lifted its stake in shares of Semtech by 42.5% in the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 173 shares during the period. Finally, Archer Investment Corp lifted its stake in shares of Semtech by 7.3% in the 4th quarter. Archer Investment Corp now owns 2,683 shares of the semiconductor company’s stock worth $198,000 after acquiring an additional 182 shares during the period.

Insider Buying and Selling at Semtech

In other news, Director Paul V. Walsh, Jr. sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $138.21, for a total transaction of $69,105.00. Following the sale, the director owned 23,279 shares in the company, valued at $3,217,390.59. The trade was a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Martin Burvill sold 2,500 shares of the business’s stock in a transaction that occurred 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 owned 4,409 shares in the company, valued at $392,312.82. This represents a 36.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 36,884 shares of company stock valued at $3,069,245 over the last three months. 0.48% of the stock is owned by insiders.

Key Headlines Impacting Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Craig-Hallum reiterated a Buy rating on Semtech, adding to a generally constructive analyst backdrop after the company’s recent earnings beat and upbeat outlook.
• Positive Sentiment: Several other analysts recently raised or reiterated bullish price targets, with the latest cluster of targets still sitting well above the current trading range, reflecting confidence in Semtech’s data center connectivity and IoT momentum.
• Positive Sentiment: Recent coverage highlighted Semtech as an AI infrastructure and networking beneficiary, which can support the stock when sentiment around semis and AI hardware is strong.
• Neutral Sentiment: The company’s latest earnings update was solid, with revenue and EPS beating expectations, but that also created a “sell-the-news” setup after a sharp rally into the print.
• Neutral Sentiment: There were also signs of mixed positioning: some institutions added shares while others trimmed large stakes, which can add to volatility without pointing clearly in one direction.
• Negative Sentiment: Northland downgraded Semtech to Market Perform from Outperform, citing valuation concerns and higher near-term risk for semiconductor names, including possible supply-chain disruption and softer AI infrastructure spending. Article title
• Negative Sentiment: Recent insider selling and a new disclosed regulatory risk tied to unregistered securities sales may be weighing on investor confidence and reinforcing the pullback. Article title

Semtech Stock Down 8.3%

SMTC stock opened at $152.54 on Friday. Semtech Corporation has a 12 month low of $34.59 and a 12 month high of $172.35. The firm has a market cap of $14.21 billion, a PE ratio of -391.13 and a beta of 2.22. The firm has a 50 day simple moving average of $108.74 and a 200 day simple moving average of $89.31. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.37 and a quick ratio of 1.66.

Semtech (NASDAQ:SMTC) last released its earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 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 18.31%. The business had revenue of $291.00 million during the quarter, compared to analyst estimates of $283.53 million. During the same period in the prior year, the business earned $0.38 earnings per share. The business’s quarterly revenue was up 15.9% on a year-over-year basis. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Equities research analysts forecast that Semtech Corporation will post 1.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SMTC has been the subject of a number of research analyst reports. Benchmark upped their price target on shares of Semtech from $120.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday. B. Riley Financial upped their price target on shares of Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday. TD Cowen reaffirmed a “buy” rating on shares of Semtech in a research note on Tuesday, February 24th. UBS Group increased their target price on shares of Semtech from $165.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Susquehanna increased their target price on shares of Semtech from $170.00 to $200.00 and gave the company a “positive” rating in a research note on Wednesday. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Semtech currently has an average rating of “Moderate Buy” and a consensus target price of $179.73.

Semtech Company 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.