Semtech Corporation $SMTC Stock Acquired by Capstone Capital Management Ltd

Capstone Capital Management Ltd raised its position in shares of Semtech Corporation (NASDAQ:SMTC) by 217.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,192 shares of the semiconductor company’s stock after purchasing an additional 6,979 shares during the quarter. Semtech accounts for approximately 0.7% of Capstone Capital Management Ltd’s holdings, making the stock its 25th biggest position. Capstone Capital Management Ltd’s holdings in Semtech were worth $1,818,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SMTC. BlackRock Inc. bought a new position in shares of Semtech in the 2nd quarter worth approximately $1,577,947,000. ABS Investment Management LLC bought a new stake in Semtech during the second quarter valued at approximately $178,035,000. Andar Capital Management HK Ltd purchased a new stake in Semtech during the second quarter valued at approximately $162,000,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Semtech by 396.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,125 shares of the semiconductor company’s stock valued at $136,298,000 after buying an additional 672,447 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Semtech by 56.3% during the third quarter. Assenagon Asset Management S.A. now owns 546,422 shares of the semiconductor company’s stock valued at $97,454,000 after buying an additional 196,734 shares during the last quarter.

Insider Transactions at Semtech

In related news, EVP Jason Elliot Green sold 2,766 shares of the stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $190.35, for a total transaction of $526,508.10. Following the completion of the sale, the executive vice president owned 7,367 shares in the company, valued at approximately $1,402,308.45. This trade represents a 27.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Julie Ruehl sold 1,500 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $145.00, for a total value of $217,500.00. Following the sale, the director owned 7,140 shares of the company’s stock, valued at $1,035,300. This represents a 17.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 13,737 shares of company stock valued at $2,267,877. 0.44% of the stock is owned by corporate insiders.

Semtech Stock Performance

SMTC opened at $136.20 on Wednesday. The firm has a market cap of $12.71 billion, a P/E ratio of 90.20 and a beta of 2.41. Semtech Corporation has a 1-year low of $60.28 and a 1-year high of $201.99. The company has a 50 day simple moving average of $157.28 and a two-hundred day simple moving average of $140.55. 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 announced its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.61 by $0.10. The firm had revenue of $341.87 million for the quarter, compared to the consensus estimate of $328.67 million. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The company’s revenue was up 32.7% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Equities analysts forecast that Semtech Corporation will post 2.80 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SMTC shares. Stifel Nicolaus dropped their price target on shares of Semtech from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, October 16th. TD Cowen reissued a “buy” rating and set a $215.00 price objective on shares of Semtech in a research report on Friday, October 16th. Morgan Stanley set a $205.00 price objective on Semtech in a research note on Friday. Roth Capital set a $220.00 target price on Semtech in a report on Wednesday, August 26th. Finally, DA Davidson set a $230.00 target price on Semtech in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $213.11.

Semtech Profile

Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and infrastructure technology company that develops analog and mixed-signal products for communications, industrial, data center, consumer, and automotive applications. Its portfolio is designed to improve connectivity, power efficiency, signal integrity, and protection in electronic systems.

The company’s products include high-speed connectivity solutions for data centers and communications networks, power management and protection devices, signal integrity components, and wireless and radio-frequency technologies.