Semtech Corporation $SMTC Shares Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. raised its stake in Semtech Corporation (NASDAQ:SMTC) by 26.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,868 shares of the semiconductor company’s stock after purchasing an additional 7,247 shares during the period. Landscape Capital Management L.L.C.’s holdings in Semtech were worth $2,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Argos Wealth Advisors LLC acquired a new stake in Semtech in the 4th quarter valued at about $640,000. Royce & Associates LP raised its position in Semtech by 144.5% in the 4th quarter. Royce & Associates LP now owns 107,617 shares of the semiconductor company’s stock valued at $7,930,000 after purchasing an additional 63,603 shares in the last quarter. GW&K Investment Management LLC acquired a new stake in Semtech in the 3rd quarter valued at about $27,125,000. Atreides Management LP raised its position in Semtech by 2.4% in the 3rd quarter. Atreides Management LP now owns 678,133 shares of the semiconductor company’s stock valued at $48,453,000 after purchasing an additional 16,192 shares in the last quarter. Finally, Hodges Capital Management Inc. acquired a new stake in Semtech in the 3rd quarter valued at about $4,624,000.

Insider Buying and Selling

In other Semtech news, Director Martin Burvill sold 2,500 shares of Semtech stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $88.98, for a total value of $222,450.00. Following the transaction, the director directly owned 4,409 shares in the company, valued at approximately $392,312.82. This trade represents a 36.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul V. Walsh, Jr. sold 500 shares of Semtech stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $138.21, for a total value of $69,105.00. Following the completion of the transaction, the director owned 23,279 shares in the company, valued at $3,217,390.59. This trade represents a 2.10% decrease in their ownership of the stock. 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 25,660 shares of company stock worth $2,268,140. 0.48% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SMTC. Susquehanna raised their target price on Semtech from $170.00 to $200.00 and gave the stock a “positive” rating in a research report on Wednesday, May 27th. B. Riley Financial raised their target price on Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Roth Mkm raised their target price on Semtech from $102.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Morgan Stanley raised their target price on Semtech from $155.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Finally, Craig Hallum raised their target price on Semtech from $105.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $179.73.

Semtech Stock Performance

SMTC opened at $166.71 on Monday. The firm has a market cap of $15.53 billion, a price-to-earnings ratio of -427.46 and a beta of 2.32. Semtech Corporation has a 52 week low of $39.07 and a 52 week high of $172.35. The business’s 50 day moving average is $125.55 and its two-hundred day moving average is $95.99. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86.

Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the company posted $0.38 earnings per share. The firm’s revenue was up 15.9% compared to the same quarter last year. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. On average, research analysts predict that Semtech Corporation will post 1.81 EPS for the current year.

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.