VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Semtech Corporation $SMTC

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Semtech Corporation (NASDAQ:SMTC) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 21,239 shares of the semiconductor company’s stock, valued at approximately $3,438,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SMTC. FNY Investment Advisers LLC increased its holdings in Semtech by 900.0% during the second quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 180 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Semtech during the second quarter worth $32,000. Banque Cantonale Vaudoise bought a new stake in Semtech during the 1st quarter valued at $33,000. IFP Advisors Inc purchased a new position in shares of Semtech in the 4th quarter valued at $53,000. Finally, Allworth Financial LP purchased a new position in shares of Semtech in the 2nd quarter valued at $55,000.

Semtech Stock Up 0.8%

Shares of SMTC stock opened at $163.94 on Thursday. The stock’s fifty day moving average price is $132.74 and its 200 day moving average price is $122.55. Semtech Corporation has a 1-year low of $57.50 and a 1-year high of $177.35. The company has a market cap of $15.30 billion, a price-to-earnings ratio of 108.57 and a beta of 2.35. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.31.

Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. The company 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 firm’s revenue was up 32.7% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. On average, research analysts expect that Semtech Corporation will post 2.64 earnings per share for the current fiscal year.

Key Headlines Impacting Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Semtech reported quarterly EPS of $0.71, ahead of the $0.61 consensus estimate, while revenue of $341.87 million exceeded expectations of $328.67 million. Revenue increased 32.7% year over year, and the company provided EPS guidance of $1.02 to $1.08 for the next quarter. These results reinforce the market’s view that growth is accelerating. Semtech rallies 10% after earnings and guidance beat
• Positive Sentiment: The company introduced a 224G linear transimpedance amplifier and driver portfolio for near-packaged optics and co-packaged optics. The products target AI and machine-learning clusters, hyperscale data centers and next-generation optical connectivity, providing exposure to expanding data-center bandwidth demand. Semtech Sets Bar for 224G Optical Connectivity
• Positive Sentiment: Semtech also announced an industry-first 10G PON chipset for 50G optical line-terminal modules. The chipset is designed to support multiple generations of PON technology, potentially helping network-equipment customers transition to higher-speed broadband deployments. Semtech Delivers 10G PON Chipset
• Neutral Sentiment: CEO Hong Hou sold 2,000 shares and director Julie Garcia Ruehl sold 1,500 shares. Both transactions were executed under pre-arranged Rule 10b5-1 plans, reducing their value as a bearish signal, although they still represent near-term insider selling.
• Negative Sentiment: Semtech’s sharp advance has left the stock trading at a high valuation, with a price-to-earnings ratio above 100. One valuation analysis estimated fair value substantially below the market price, raising downside risk if growth or guidance weakens. Semtech valuation analysis

Wall Street Analysts Forecast Growth

SMTC has been the subject of a number of analyst reports. Craig Hallum upped their price objective on Semtech from $105.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. UBS Group lifted their target price on Semtech from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Robert W. Baird increased their price target on shares of Semtech from $225.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Zacks Research cut shares of Semtech from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. Finally, TD Cowen lifted their price objective on shares of Semtech from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Fifteen equities 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.71.

Insider Buying and Selling at Semtech

In other Semtech news, insider John Wilson sold 5,500 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $170.00, for a total value of $935,000.00. Following the completion of the transaction, the insider 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. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Julie Garcia Ruehl sold 1,500 shares of Semtech stock in a transaction on Friday, September 4th. The stock was sold at an average price of $145.00, for a total transaction of $217,500.00. Following the sale, the director owned 7,140 shares of the company’s stock, valued at $1,035,300. The trade was a 17.36% 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 have sold a total of 23,234 shares of company stock worth $3,304,706 in the last three months. 0.44% of the stock is owned by company insiders.

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.