Texas Permanent School Fund Corp Takes Position in Semtech Corporation $SMTC

Texas Permanent School Fund Corp purchased a new position in Semtech Corporation (NASDAQ:SMTC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 86,153 shares of the semiconductor company’s stock, valued at approximately $3,889,000. Texas Permanent School Fund Corp owned 0.10% of Semtech at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Archer Investment Corp grew its stake in Semtech by 10.8% in the 2nd quarter. Archer Investment Corp now owns 2,050 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 200 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of Semtech by 0.9% in the second quarter. Amalgamated Bank now owns 24,229 shares of the semiconductor company’s stock valued at $1,094,000 after purchasing an additional 214 shares during the period. Smartleaf Asset Management LLC grew its stake in Semtech by 24.1% in the second quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the semiconductor company’s stock worth $57,000 after purchasing an additional 247 shares in the last quarter. Bessemer Group Inc. increased its holdings in Semtech by 78.4% during the 2nd quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 287 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in Semtech by 2.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 11,253 shares of the semiconductor company’s stock valued at $508,000 after purchasing an additional 319 shares in the last quarter.

Semtech Stock Up 5.8%

Shares of Semtech stock opened at $71.01 on Friday. The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.87. The company has a market cap of $6.57 billion, a P/E ratio of 229.06 and a beta of 2.01. The firm’s 50 day moving average price is $70.35 and its 200-day moving average price is $58.74. Semtech Corporation has a 52-week low of $24.05 and a 52-week high of $81.32.

Semtech (NASDAQ:SMTC) last posted its earnings results on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The company had revenue of $266.97 million during the quarter, compared to analysts’ expectations of $266.36 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. Semtech’s revenue for the quarter was up 12.8% compared to the same quarter last year. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. On average, sell-side analysts predict that Semtech Corporation will post -0.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other Semtech news, Director Paul V. Walsh, Jr. sold 500 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $66.24, for a total value of $33,120.00. Following the completion of the sale, the director owned 26,779 shares of the company’s stock, valued at approximately $1,773,840.96. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Lin sold 971 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $72.83, for a total transaction of $70,717.93. Following the transaction, the chief financial officer owned 17,844 shares in the company, valued at approximately $1,299,578.52. This trade represents a 5.16% decrease in their position. The SEC filing for this sale provides additional information. 0.48% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SMTC has been the topic of a number of recent research reports. Summit Insights raised Semtech from a “hold” rating to a “buy” rating in a research report on Tuesday, November 25th. Morgan Stanley set a $67.00 target price on shares of Semtech in a report on Tuesday, November 25th. Robert W. Baird raised their target price on shares of Semtech from $70.00 to $88.00 and gave the company an “outperform” rating in a research report on Tuesday, November 25th. B. Riley upped their price target on shares of Semtech from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Finally, Oppenheimer reissued an “outperform” rating and set a $81.00 price objective on shares of Semtech in a report on Tuesday, November 25th. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.50.

Semtech Company Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.