41,000 Shares in Semtech Corporation $SMTC Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in Semtech Corporation (NASDAQ:SMTC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 41,000 shares of the semiconductor company’s stock, valued at approximately $3,152,000.

A number of other hedge funds also recently made changes to their positions in the business. Banque Cantonale Vaudoise acquired a new position in shares of Semtech in the first quarter valued at about $33,000. IFP Advisors Inc acquired a new stake in Semtech during the fourth quarter worth approximately $53,000. Huntington National Bank grew its position in Semtech by 151.3% during the third quarter. Huntington National Bank now owns 749 shares of the semiconductor company’s stock worth $54,000 after buying an additional 451 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Semtech by 24.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the semiconductor company’s stock worth $57,000 after acquiring an additional 247 shares during the period. Finally, Sound Income Strategies LLC acquired a new position in Semtech in the 4th quarter valued at $60,000.

Insider Buying and Selling

In other Semtech news, Director Martin Burvill sold 2,500 shares of the company’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $88.98, for a total transaction of $222,450.00. Following the sale, the director owned 4,409 shares of the company’s stock, valued at approximately $392,312.82. This represents a 36.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John Michael Wilson sold 5,500 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $170.00, for a total transaction of $935,000.00. Following the sale, the insider owned 80,876 shares of the company’s stock, valued at $13,748,920. This trade represents a 6.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 21,974 shares of company stock valued at $2,555,791 over the last 90 days. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SMTC. Susquehanna upped their target price on Semtech from $170.00 to $200.00 and gave the company a “positive” rating in a research report on Wednesday, May 27th. Mizuho set a $225.00 price target on Semtech in a research note on Wednesday, May 27th. Needham & Company LLC upped their price objective on shares of Semtech from $105.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Morgan Stanley increased their price objective on shares of Semtech from $155.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. Finally, Oppenheimer set a $200.00 target price on shares of Semtech in a report on Wednesday, May 27th. Thirteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $189.07.

Semtech Stock Performance

Semtech stock opened at $149.75 on Friday. The business has a 50 day moving average of $140.43 and a 200-day moving average of $101.91. The company has a market capitalization of $13.95 billion, a P/E ratio of -383.97 and a beta of 2.32. Semtech Corporation has a 1 year low of $42.38 and a 1 year high of $177.35. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.37 and a quick ratio of 1.62.

Semtech (NASDAQ:SMTC) last posted its 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 negative net margin of 3.05% and a positive return on equity of 18.31%. The business had revenue of $291.02 million for the quarter, compared to the consensus estimate of $283.53 million. During the same period last year, the company earned $0.38 EPS. 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, equities research analysts predict that Semtech Corporation will post 1.81 earnings per share 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.