Inspire Investing LLC Purchases 5,065 Shares of Semtech Corporation $SMTC

Inspire Investing LLC grew its position in shares of Semtech Corporation (NASDAQ:SMTC) by 64.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,927 shares of the semiconductor company’s stock after buying an additional 5,065 shares during the period. Inspire Investing LLC’s holdings in Semtech were worth $994,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in Semtech by 4.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 40,582 shares of the semiconductor company’s stock valued at $3,120,000 after acquiring an additional 1,899 shares during the period. Pictet Asset Management Holding SA grew its position in shares of Semtech by 11.9% in the first quarter. Pictet Asset Management Holding SA now owns 15,177 shares of the semiconductor company’s stock valued at $1,167,000 after purchasing an additional 1,619 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Semtech in the first quarter worth $3,152,000. Banque Cantonale Vaudoise bought a new position in Semtech in the 1st quarter worth about $33,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Semtech by 323.0% in the first quarter. Assenagon Asset Management S.A. now owns 781,003 shares of the semiconductor company’s stock worth $60,051,000 after purchasing an additional 596,373 shares during the last quarter.

Semtech Stock Down 9.2%

SMTC stock opened at $147.03 on Thursday. Semtech Corporation has a fifty-two week low of $42.42 and a fifty-two week high of $177.35. The company has a market capitalization of $13.70 billion, a price-to-earnings ratio of -377.00 and a beta of 2.31. The business’s 50 day moving average price is $143.41 and its two-hundred day moving average price is $103.66. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.62 and a current ratio of 2.37.

Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. The company had revenue of $291.02 million for the quarter, compared to analyst estimates of $283.53 million. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The firm’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. As a group, analysts forecast that Semtech Corporation will post 1.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Semtech

In related news, Director Martin Burvill sold 2,500 shares of the stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $88.98, for a total value of $222,450.00. Following the completion of the transaction, the director directly owned 4,409 shares in the company, valued at $392,312.82. This trade represents a 36.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul V. Walsh, Jr. sold 500 shares of Semtech stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $164.99, for a total transaction of $82,495.00. Following the transaction, the director directly owned 28,100 shares of the company’s stock, valued at approximately $4,636,219. This trade represents a 1.75% decrease in their ownership of the stock. 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. In the last quarter, insiders have sold 13,500 shares of company stock worth $1,866,435. Corporate insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

SMTC has been the topic of a number of recent research reports. Robert W. Baird increased their price target on shares of Semtech from $110.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Oppenheimer set a $200.00 price target on Semtech in a research report on Wednesday, May 27th. Northland Securities cut Semtech from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 26th. Benchmark boosted their price objective on Semtech from $120.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, Needham & Company LLC increased their price objective on Semtech from $105.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.07.

About Semtech

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.