The Manufacturers Life Insurance Company Buys Shares of 70,579 Semtech Corporation $SMTC

The Manufacturers Life Insurance Company bought a new stake in Semtech Corporation (NASDAQ:SMTC) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 70,579 shares of the semiconductor company’s stock, valued at approximately $11,423,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Andar Capital Management HK Ltd acquired a new position in Semtech in the 2nd quarter valued at $162,000,000. BlackRock Inc. acquired a new stake in shares of Semtech in the 2nd quarter worth $1,577,947,000. Think Investments LP purchased a new stake in shares of Semtech in the third quarter valued at about $58,618,000. Ameriprise Financial Inc. increased its stake in shares of Semtech by 10.3% during the second quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock worth $321,040,000 after acquiring an additional 666,456 shares during the period. Finally, Atreides Management LP acquired a new position in shares of Semtech during the second quarter worth about $29,880,000.

Semtech Stock Performance

Shares of SMTC stock opened at $131.17 on Friday. The stock has a fifty day moving average price of $135.08 and a 200 day moving average price of $119.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.62 and a current ratio of 1.70. The stock has a market cap of $12.24 billion, a PE ratio of 86.87 and a beta of 2.35. Semtech Corporation has a 1 year low of $55.18 and a 1 year high of $177.35.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. The business had revenue of $341.87 million during the quarter, compared to analysts’ expectations of $328.67 million. Semtech had a return on equity of 21.74% and a net margin of 13.11%.The business’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter last year, the business posted $0.41 earnings per share. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Sell-side analysts forecast that Semtech Corporation will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SMTC shares. Citigroup downgraded shares of Semtech from a “buy” rating to a “market perform” rating in a research report on Tuesday, May 26th. Mizuho set a $225.00 target price on Semtech in a research note on Wednesday, May 27th. Stifel Nicolaus raised their price target on Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Semtech in a research note on Thursday, June 18th. Finally, New Street Research set a $230.00 price objective on Semtech in a report on Thursday, August 20th. Fifteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Semtech currently has a consensus rating of “Moderate Buy” and an average target price of $204.71.

Insider Buying and Selling

In related news, Director Paul V. Walsh, Jr. sold 500 shares of Semtech stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $164.99, for a total transaction of $82,495.00. Following the completion of the transaction, the director directly owned 28,100 shares in the company, valued at $4,636,219. The trade was a 1.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Hong Q. Hou sold 2,000 shares of the stock in a transaction on Friday, July 10th. The shares were sold at an average price of $133.00, for a total value of $266,000.00. Following the sale, the chief executive officer owned 64,799 shares in the company, valued at approximately $8,618,267. This trade represents a 2.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 21,734 shares of company stock valued at $3,133,986. 0.44% of the stock is owned by company insiders.

Trending Headlines about Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Strong quarterly results: Semtech reported record sales of approximately $341.9 million, up about 33% year over year, while adjusted earnings of $0.71 per share exceeded the $0.61 consensus estimate. Net income reportedly expanded 89%. Why Semtech Stock Was Flying This Week
• Positive Sentiment: AI data-center momentum: Reports highlight roughly $100 million in AI data-center demand and identify connectivity as a potential bottleneck for AI infrastructure. This supports expectations for continued growth in Semtech’s analog and signal-integrity businesses. Analog Bets Pay Off: Semtech Shatters Records as AI Data Center Demand Hits $100M
• Positive Sentiment: Raised outlook and improving balance sheet: Coverage cites higher guidance, expanding margins, debt reduction, and expectations for stronger near-term growth. The company’s reported third-quarter fiscal 2027 EPS outlook is $1.02–$1.08. Semtech Stock Rallies on Strong Q2 Results and Raised Guidance
• Positive Sentiment: Analyst support: Northland Securities upgraded Semtech to Outperform with a $182 price target, while Needham reaffirmed its Buy rating. Other coverage points to a consensus target near $200, reinforcing the bullish narrative. Northland lifts Semtech rating
• Neutral Sentiment: New product opportunity: The LoRa Plus transceiver lineup could strengthen Semtech’s position in long-range IoT connectivity, although the financial contribution and adoption pace remain uncertain. What Does Semtech Gain From Its New LoRa Plus Transceivers?
• Negative Sentiment: Valuation and volatility risks: Semtech trades at a high earnings multiple, and its elevated beta makes the stock sensitive to profit-taking after a sharp advance. Unusually high trading volume indicates that investors are actively reassessing the shares following earnings. Semtech Sees Unusually-High Trading Volume After Strong Earnings

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.