Campbell Newman Asset Management Inc. Invests $1.61 Million in Semtech Corporation $SMTC

Campbell Newman Asset Management Inc. bought a new position in shares of Semtech Corporation (NASDAQ:SMTC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,957 shares of the semiconductor company’s stock, valued at approximately $1,611,000.

A number of other institutional investors have also modified their holdings of SMTC. Vanguard Group Inc. increased its stake in Semtech by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 11,858,352 shares of the semiconductor company’s stock valued at $873,842,000 after purchasing an additional 298,987 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Semtech by 3.7% during the third quarter. Ameriprise Financial Inc. now owns 7,373,744 shares of the semiconductor company’s stock worth $526,861,000 after buying an additional 261,647 shares during the period. Capital Research Global Investors grew its holdings in shares of Semtech by 13.9% during the third quarter. Capital Research Global Investors now owns 4,691,676 shares of the semiconductor company’s stock worth $335,220,000 after buying an additional 571,372 shares during the last quarter. State Street Corp grew its holdings in shares of Semtech by 1.5% during the second quarter. State Street Corp now owns 4,037,107 shares of the semiconductor company’s stock worth $182,235,000 after buying an additional 60,788 shares during the last quarter. Finally, Whale Rock Capital Management LLC increased its position in Semtech by 11.3% in the 4th quarter. Whale Rock Capital Management LLC now owns 3,901,469 shares of the semiconductor company’s stock valued at $287,499,000 after acquiring an additional 396,504 shares during the period.

Semtech Price Performance

Shares of NASDAQ SMTC opened at $158.23 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.62 and a current ratio of 2.37. Semtech Corporation has a one year low of $40.25 and a one year high of $177.35. The firm has a market capitalization of $14.74 billion, a P/E ratio of -405.72 and a beta of 2.32. The company’s fifty day moving average is $133.24 and its two-hundred day moving average is $99.08.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 $291.02 million during the quarter, compared to the consensus estimate of $283.53 million. During the same quarter last year, the firm posted $0.38 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Analysts forecast that Semtech Corporation will post 1.81 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on SMTC shares. Benchmark lifted their target price on Semtech from $120.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Craig Hallum boosted their price target on shares of Semtech from $105.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Oppenheimer set a $200.00 price target on shares of Semtech in a report on Wednesday, May 27th. Weiss Ratings cut shares of Semtech from a “hold (c-)” rating to a “sell (d-)” rating in a report on Tuesday, March 24th. Finally, Citigroup downgraded shares of Semtech from a “buy” rating to a “market perform” rating in a research report on Tuesday, May 26th. Thirteen equities 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $179.73.

Insider Activity at Semtech

In other Semtech news, CEO Hong Q. Hou sold 2,000 shares of the stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $90.11, for a total value of $180,220.00. Following the completion of the transaction, the chief executive officer directly owned 73,228 shares of the company’s stock, valued at approximately $6,598,575.08. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul V. Walsh, Jr. sold 500 shares of Semtech 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 of the company’s stock, valued at approximately $3,217,390.59. The trade was a 2.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 25,160 shares of company stock valued at $2,227,705 in the last ninety days. Company insiders own 0.48% of the company’s stock.

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.