Sei Investments Co. Acquires 142,197 Shares of Semtech Corporation $SMTC

Sei Investments Co. grew its holdings in Semtech Corporation (NASDAQ:SMTC) by 65.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 357,875 shares of the semiconductor company’s stock after buying an additional 142,197 shares during the quarter. Sei Investments Co.’s holdings in Semtech were worth $27,517,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SMTC. Jones Financial Companies Lllp increased its stake in Semtech by 12,214.3% in the first quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock valued at $89,000 after acquiring an additional 2,565 shares during the period. Empowered Funds LLC lifted its stake in Semtech by 11.5% during the first quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock worth $323,000 after purchasing an additional 968 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Semtech by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company’s stock worth $14,166,000 after purchasing an additional 22,629 shares during the period. Strs Ohio acquired a new stake in Semtech during the first quarter valued at approximately $65,000. Finally, Cetera Investment Advisers acquired a new stake in Semtech during the second quarter valued at approximately $226,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Susquehanna increased their target price on Semtech from $170.00 to $200.00 and gave the stock a “positive” rating in a report on Wednesday, May 27th. TD Cowen boosted their price target on Semtech from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Morgan Stanley upped their price target on Semtech from $155.00 to $175.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Citigroup lowered Semtech from a “buy” rating to a “market perform” rating in a research note on Tuesday, May 26th. Finally, Craig Hallum boosted their target price on shares of Semtech from $105.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $189.07.

Insider Buying and Selling

In other news, CEO Hong Q. Hou sold 2,000 shares of Semtech stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $133.00, for a total transaction of $266,000.00. Following the completion of the sale, the chief executive officer owned 64,799 shares in the company, valued at $8,618,267. The trade was a 2.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Michael Wilson sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $170.00, for a total transaction of $935,000.00. Following the sale, the insider directly owned 80,876 shares of the company’s stock, valued at approximately $13,748,920. This trade represents a 6.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 22,234 shares of company stock worth $3,203,091. 0.44% of the stock is currently owned by company insiders.

Semtech Price Performance

Shares of SMTC stock opened at $121.52 on Tuesday. The stock’s fifty day moving average is $148.82 and its 200-day moving average is $111.09. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.62 and a current ratio of 2.37. The stock has a market capitalization of $11.32 billion, a PE ratio of -311.59 and a beta of 2.31. Semtech Corporation has a 52 week low of $46.02 and a 52 week high of $177.35.

Semtech (NASDAQ:SMTC) last announced its earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The company had revenue of $291.02 million during the quarter, compared to analyst estimates of $283.53 million. During the same period last year, the company posted $0.38 earnings per share. The firm’s quarterly 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. Equities research analysts expect that Semtech Corporation will post 1.81 EPS for the current fiscal year.

About Semtech

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.