Semtech Corporation $SMTC Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in shares of Semtech Corporation (NASDAQ:SMTC) by 24.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,329 shares of the semiconductor company’s stock after selling 4,328 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Semtech were worth $2,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SMTC. Andar Capital Management HK Ltd bought a new stake in Semtech during the 2nd quarter valued at approximately $162,000,000. BlackRock Inc. purchased a new position in shares of Semtech during the 2nd quarter worth approximately $1,577,947,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Semtech by 396.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,125 shares of the semiconductor company’s stock worth $136,298,000 after acquiring an additional 672,447 shares in the last quarter. Jennison Associates LLC raised its position in shares of Semtech by 15.6% in the 1st quarter. Jennison Associates LLC now owns 744,380 shares of the semiconductor company’s stock worth $57,235,000 after acquiring an additional 100,552 shares in the last quarter. Finally, Atreides Management LP purchased a new position in shares of Semtech in the 2nd quarter valued at approximately $89,214,000.

Analyst Ratings Changes

Several research firms recently weighed in on SMTC. Zacks Research upgraded Semtech from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 21st. Northland Securities raised Semtech from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a research note on Friday, October 16th. Wall Street Zen upgraded Semtech from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. BMO Capital Markets raised their price objective on Semtech from $155.00 to $230.00 and gave the company an “outperform” rating in a research report on Tuesday, October 13th. Finally, TD Cowen restated a “buy” rating and set a $215.00 target price on shares of Semtech in a report on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $213.11.

Semtech Price Performance

SMTC stock opened at $132.00 on Friday. The firm has a 50 day moving average price of $156.98 and a 200-day moving average price of $141.20. Semtech Corporation has a 52-week low of $60.28 and a 52-week high of $201.99. The firm has a market capitalization of $12.32 billion, a price-to-earnings ratio of 87.42 and a beta of 2.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.31 and a current ratio of 1.70.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.10. Semtech had a return on equity of 21.74% and a net margin of 13.11%. The company had revenue of $341.87 million for the quarter, compared to the consensus estimate of $328.67 million. During the same quarter in the prior year, the business posted $0.41 EPS. The firm’s quarterly revenue was up 32.7% compared to the same quarter last year. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Equities research analysts forecast that Semtech Corporation will post 2.80 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Mark Lin sold 967 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $178.87, for a total transaction of $172,967.29. Following the completion of the transaction, the chief financial officer directly owned 35,999 shares in the company, valued at $6,439,141.13. This trade represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 2,766 shares of Semtech stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $190.35, for a total value of $526,508.10. Following the completion of the transaction, the executive vice president directly owned 7,367 shares of the company’s stock, valued at approximately $1,402,308.45. This represents a 27.30% 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. In the last ninety days, insiders sold 14,237 shares of company stock valued at $2,337,597. Company insiders own 0.44% of the company’s stock.

Semtech Company 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.