Quantinno Capital Management LP Boosts Stock Position in Semtech Corporation $SMTC

Quantinno Capital Management LP boosted its position in Semtech Corporation (NASDAQ:SMTC) by 53.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,342 shares of the semiconductor company’s stock after purchasing an additional 4,973 shares during the quarter. Quantinno Capital Management LP’s holdings in Semtech were worth $1,103,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SMTC. Vanguard Group Inc. raised its stake in shares of Semtech by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 11,858,352 shares of the semiconductor company’s stock worth $873,842,000 after acquiring an additional 298,987 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Semtech by 10.3% during the second quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock valued at $321,040,000 after acquiring an additional 666,456 shares during the last quarter. State Street Corp boosted its stake in Semtech by 1.5% in the second quarter. State Street Corp now owns 4,037,107 shares of the semiconductor company’s stock valued at $182,235,000 after acquiring an additional 60,788 shares in the last quarter. Whale Rock Capital Management LLC boosted its stake in Semtech by 11.3% in the fourth quarter. Whale Rock Capital Management LLC now owns 3,901,469 shares of the semiconductor company’s stock valued at $287,499,000 after acquiring an additional 396,504 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Semtech by 9.8% in the second quarter. Alliancebernstein L.P. now owns 3,318,384 shares of the semiconductor company’s stock worth $149,792,000 after purchasing an additional 294,990 shares during the last quarter.

Insider Activity at Semtech

In other news, insider John Michael Wilson sold 5,500 shares of the company’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 sale, the insider directly owned 80,876 shares of the company’s stock, valued at $13,748,920. This represents a 6.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Asaf Silberstein sold 8,500 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $127.80, for a total transaction of $1,086,300.00. Following the completion of the sale, the chief operating officer owned 96,862 shares in the company, valued at $12,378,963.60. The trade was a 8.07% 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. Insiders sold a total of 22,234 shares of company stock worth $3,203,091 in the last ninety days. 0.44% of the stock is owned by company insiders.

Semtech Stock Up 5.1%

Shares of SMTC stock opened at $140.35 on Friday. The stock’s 50-day simple moving average is $140.61 and its 200-day simple moving average is $115.63. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.62 and a current ratio of 2.37. The firm has a market capitalization of $13.07 billion, a PE ratio of -359.87 and a beta of 2.35. 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 quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.06. The firm had revenue of $291.02 million during the quarter, compared to analysts’ expectations of $283.53 million. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Equities analysts expect that Semtech Corporation will post 1.81 earnings per share for the current year.

Wall Street Analyst Weigh In

SMTC has been the topic of a number of recent analyst reports. Craig Hallum upped their price target on Semtech from $105.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. UBS Group raised their price objective on Semtech from $165.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Needham & Company LLC restated a “buy” rating and set a $200.00 target price on shares of Semtech in a research note on Friday. Citigroup lowered Semtech from a “buy” rating to a “market perform” rating in a research report on Tuesday, May 26th. Finally, Mizuho set a $225.00 price target on Semtech in a research note on Wednesday, May 27th. One equities research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Semtech has an average rating of “Moderate Buy” and an average target price of $189.07.

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.