Wellington Management Group LLP Has $310.07 Million Stock Holdings in Semtech Corporation $SMTC

Wellington Management Group LLP trimmed its holdings in shares of Semtech Corporation (NASDAQ:SMTC) by 37.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,915,766 shares of the semiconductor company’s stock after selling 1,135,707 shares during the quarter. Wellington Management Group LLP’s holdings in Semtech were worth $310,067,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Archer Investment Corp acquired a new position in Semtech in the 2nd quarter valued at approximately $775,000. United Capital Financial Advisors LLC acquired a new position in shares of Semtech during the second quarter worth $238,000. Jefferies Financial Group Inc. acquired a new position in shares of Semtech during the second quarter worth $1,392,000. Public Employees Retirement System of Ohio bought a new stake in shares of Semtech in the second quarter worth $4,276,000. Finally, Corient Private Wealth LP bought a new stake in shares of Semtech in the second quarter worth $442,000.

Semtech Stock Performance

Shares of SMTC opened at $131.17 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.31 and a debt-to-equity ratio of 0.47. The firm’s fifty day simple moving average is $135.08 and its two-hundred day simple moving average is $119.31. Semtech Corporation has a 12 month low of $55.18 and a 12 month high of $177.35. The stock has a market capitalization of $12.24 billion, a P/E ratio of 86.87 and a beta of 2.35.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data 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. The firm had revenue of $341.87 million during the quarter, compared to analyst estimates of $328.67 million. Semtech had a return on equity of 21.74% and a net margin of 13.11%.The business’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. As a group, analysts predict that Semtech Corporation will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

SMTC has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on Semtech from $175.00 to $195.00 and gave the company an “equal weight” rating in a report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 target price on shares of Semtech in a report on Wednesday, August 26th. Zacks Research lowered Semtech from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. Craig Hallum increased their price target on Semtech from $105.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Finally, Robert W. Baird raised their price objective on Semtech from $225.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday. Fifteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $204.71.

Key Semtech News

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Strong quarterly results: Semtech reported record sales of approximately $341.9 million, up about 33% year over year, while adjusted earnings of $0.71 per share exceeded the $0.61 consensus estimate. Net income reportedly expanded 89%. Why Semtech Stock Was Flying This Week
• Positive Sentiment: AI data-center momentum: Reports highlight roughly $100 million in AI data-center demand and identify connectivity as a potential bottleneck for AI infrastructure. This supports expectations for continued growth in Semtech’s analog and signal-integrity businesses. Analog Bets Pay Off: Semtech Shatters Records as AI Data Center Demand Hits $100M
• Positive Sentiment: Raised outlook and improving balance sheet: Coverage cites higher guidance, expanding margins, debt reduction, and expectations for stronger near-term growth. The company’s reported third-quarter fiscal 2027 EPS outlook is $1.02–$1.08. Semtech Stock Rallies on Strong Q2 Results and Raised Guidance
• Positive Sentiment: Analyst support: Northland Securities upgraded Semtech to Outperform with a $182 price target, while Needham reaffirmed its Buy rating. Other coverage points to a consensus target near $200, reinforcing the bullish narrative. Northland lifts Semtech rating
• Neutral Sentiment: New product opportunity: The LoRa Plus transceiver lineup could strengthen Semtech’s position in long-range IoT connectivity, although the financial contribution and adoption pace remain uncertain. What Does Semtech Gain From Its New LoRa Plus Transceivers?
• Negative Sentiment: Valuation and volatility risks: Semtech trades at a high earnings multiple, and its elevated beta makes the stock sensitive to profit-taking after a sharp advance. Unusually high trading volume indicates that investors are actively reassessing the shares following earnings. Semtech Sees Unusually-High Trading Volume After Strong Earnings

Insider Buying and Selling at Semtech

In other Semtech news, CEO Hong Q. Hou sold 2,000 shares of the stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $133.00, for a total transaction of $266,000.00. Following the transaction, the chief executive officer directly owned 64,799 shares in the company, valued at approximately $8,618,267. This represents a 2.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 2,264 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was 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 approximately $1,118,568.90. This trade represents a 20.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,734 shares of company stock valued at $3,133,986 over the last ninety days. Insiders own 0.44% of the company’s stock.

Semtech 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.