Militia Capital Management LLC Takes $2.31 Million Position in Semtech Corporation $SMTC

Militia Capital Management LLC acquired a new stake in shares of Semtech Corporation (NASDAQ:SMTC) during the first quarter, HoldingsChannel reports. The firm acquired 30,000 shares of the semiconductor company’s stock, valued at approximately $2,307,000.

Other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in Semtech by 12,214.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock valued at $89,000 after purchasing an additional 2,565 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Semtech by 11.5% in the 1st quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock worth $323,000 after buying an additional 968 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Semtech by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company’s stock worth $14,166,000 after buying an additional 22,629 shares in the last quarter. Strs Ohio acquired a new stake in shares of Semtech in the first quarter valued at $65,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Semtech in the second quarter valued at $226,000.

Insider Transactions at Semtech

In other Semtech news, CFO Mark Lin sold 970 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $150.41, for a total transaction of $145,897.70. Following the sale, the chief financial officer owned 34,896 shares in the company, valued at approximately $5,248,707.36. The trade was a 2.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 2,264 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $129.90, for a total transaction of $294,093.60. Following the sale, the executive vice president directly owned 8,611 shares of the company’s stock, valued at $1,118,568.90. This represents a 20.82% 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 22,234 shares of company stock worth $3,203,091 in the last three months. Insiders own 0.44% of the company’s stock.

Semtech Stock Performance

SMTC opened at $117.82 on Monday. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86. The firm has a market cap of $10.97 billion, a PE ratio of -302.10 and a beta of 2.35. The business has a fifty day simple moving average of $146.16 and a 200-day simple moving average of $112.08. Semtech Corporation has a fifty-two week low of $46.02 and a fifty-two week high of $177.35.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Susquehanna lifted their target price on Semtech from $170.00 to $200.00 and gave the stock a “positive” rating in a report on Wednesday, May 27th. Roth Capital upped their price target on shares of Semtech from $102.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Citigroup lowered shares of Semtech from a “buy” rating to a “market perform” rating in a research report on Tuesday, May 26th. Robert W. Baird lifted their price objective on shares of Semtech from $110.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Semtech in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.