Capital Research Global Investors Buys 571,372 Shares of Semtech Corporation $SMTC

Capital Research Global Investors raised its stake in shares of Semtech Corporation (NASDAQ:SMTC) by 13.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,691,676 shares of the semiconductor company’s stock after purchasing an additional 571,372 shares during the period. Capital Research Global Investors owned 5.41% of Semtech worth $335,220,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its position 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 worth $89,000 after purchasing an additional 2,565 shares during the period. Empowered Funds LLC boosted its stake in Semtech by 11.5% in 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Semtech by 5.8% during the 1st 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 acquiring an additional 22,629 shares during the last quarter. Strs Ohio bought a new stake in shares of Semtech during the first quarter valued at approximately $65,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of Semtech by 24.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 36,205 shares of the semiconductor company’s stock valued at $1,634,000 after buying an additional 7,161 shares during the period.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley set a $67.00 target price on shares of Semtech in a research report on Tuesday, November 25th. Wall Street Zen downgraded shares of Semtech from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 26th. Oppenheimer reissued an “outperform” rating and issued a $100.00 target price (up from $81.00) on shares of Semtech in a research report on Tuesday. Roth Mkm increased their price target on Semtech from $65.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Semtech in a research note on Monday, December 29th. Fourteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.14.

Insider Transactions at Semtech

In other Semtech news, Director Saar Gillai sold 3,600 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $75.26, for a total value of $270,936.00. Following the transaction, the director directly owned 9,523 shares of the company’s stock, valued at approximately $716,700.98. The trade was a 27.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Michael Wilson sold 5,000 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $75.12, for a total transaction of $375,600.00. Following the transaction, the insider directly owned 60,066 shares in the company, valued at approximately $4,512,157.92. This represents a 7.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 33,549 shares of company stock worth $2,787,350. Corporate insiders own 0.48% of the company’s stock.

Semtech News Summary

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: New product: Semtech launched the FX86E 5G RedCap modem targeting industrial IoT — a plug-and-play modem that supports 5G RedCap, 4G/LTE and public/private networks and could expand addressable module and connectivity revenue. Semtech Launches 5G RedCap Modem for Industrial IoT
• Positive Sentiment: AI/video partnership: Semtech partnered with Digital Barriers to deliver an integrated device-to-cloud AI-powered video-compression solution for cellular surveillance — a turnkey offering that can drive module sales and recurring connectivity/service revenue. Semtech Partners with Digital Barriers to Launch AI-Powered Video Compression
• Positive Sentiment: Analyst upgrades: Multiple firms have raised price targets (e.g., Susquehanna and Oppenheimer moving targets toward $100), signaling renewed analyst conviction and giving the stock visible upside from current levels. Benzinga
• Positive Sentiment: Wall Street narrative: Media coverage is grouping Semtech with AI-infrastructure beneficiaries, highlighting its data-center and AI exposure — a thematic tailwind that can attract momentum and re-rating if growth continues. Micron, Oracle and Semtech Are Getting Fresh Wall Street Attention as AI Infrastructure Demand Surges
• Neutral Sentiment: Technical & valuation context: SMTC is trading above its 50- and 200-day moving averages and shows strong institutional ownership, but carries a high P/E that prices in growth — positive for momentum, but increases sensitivity to execution and macro risks.
• Negative Sentiment: Insider selling: CFO Mark Lin sold 6,582 shares (disclosed in an SEC Form 4), reducing his stake by ~23%, which some investors interpret as a cautionary signal despite the company’s positive newsflow. SEC Form 4

Semtech Price Performance

Shares of SMTC opened at $87.58 on Wednesday. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 282.52 and a beta of 1.99. Semtech Corporation has a 1 year low of $24.05 and a 1 year high of $96.46. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.43 and a quick ratio of 1.71. The business has a 50-day moving average of $83.05 and a 200-day moving average of $73.27.

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.