Semtech Corporation $SMTC Shares Sold by Capital Research Global Investors

Capital Research Global Investors lessened its stake in shares of Semtech Corporation (NASDAQ:SMTC) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,502,720 shares of the semiconductor company’s stock after selling 188,956 shares during the quarter. Capital Research Global Investors’ holdings in Semtech were worth $331,805,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SMTC. Hantz Financial Services Inc. increased its stake in shares of Semtech by 243.2% during the third quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 360 shares during the period. AlphaQuest LLC increased its stake in shares of Semtech by 42.5% during the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 173 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Semtech by 65.5% during the third quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 235 shares during the period. Assetmark Inc. increased its stake in shares of Semtech by 1,745.5% during the third quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 576 shares during the period. Finally, IFP Advisors Inc acquired a new position in shares of Semtech during the fourth quarter valued at approximately $53,000.

Analyst Ratings Changes

A number of research analysts recently commented on SMTC shares. Citigroup lowered shares of Semtech from a “buy” rating to a “market perform” rating in a research note on Tuesday, May 26th. Robert W. Baird lifted their price target on shares of Semtech from $110.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. TD Cowen restated a “buy” rating on shares of Semtech in a research report on Tuesday, February 24th. UBS Group lifted their price target on shares of Semtech from $165.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings lowered shares of Semtech from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, March 24th. Thirteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Semtech has a consensus rating of “Moderate Buy” and an average target price of $179.73.

Insider Buying and Selling

In other news, Director Martin Burvill sold 2,500 shares of the stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $88.98, for a total value of $222,450.00. Following the completion of the sale, the director owned 4,409 shares in the company, valued at $392,312.82. This represents a 36.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jason Elliot Green sold 7,500 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $81.73, for a total value of $612,975.00. Following the completion of the sale, the executive vice president owned 8,811 shares of the company’s stock, valued at $720,123.03. The trade was a 45.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 30,302 shares of company stock valued at $2,518,002. 0.48% of the stock is currently owned by company insiders.

Semtech Stock Performance

Semtech stock opened at $151.02 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. The firm has a market cap of $14.07 billion, a price-to-earnings ratio of -387.23 and a beta of 2.32. Semtech Corporation has a 1 year low of $37.03 and a 1 year high of $172.35. The firm’s 50 day moving average price is $117.01 and its two-hundred day moving average price is $92.63.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $291.00 million for the quarter, compared to analyst estimates of $283.53 million. During the same quarter in the previous year, the business 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. On average, research analysts predict that Semtech Corporation will post 1.6 EPS for the current fiscal year.

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.