Jefferies Financial Group Inc. Makes New $1.39 Million Investment in Semtech Corporation $SMTC

Jefferies Financial Group Inc. acquired a new position in shares of Semtech Corporation (NASDAQ:SMTC) during the second quarter, Holdings Channel reports. The institutional investor acquired 8,601 shares of the semiconductor company’s stock, valued at approximately $1,392,000.

Several other institutional investors have also recently made changes to their positions in SMTC. Andar Capital Management HK Ltd acquired a new position in shares of Semtech in the 2nd quarter valued at $162,000,000. BlackRock Inc. acquired a new stake in Semtech during the second quarter valued at $1,577,947,000. Think Investments LP purchased a new position in Semtech in the third quarter valued at $58,618,000. Ameriprise Financial Inc. increased its holdings in Semtech by 10.3% in the second quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock valued at $321,040,000 after buying an additional 666,456 shares in the last quarter. Finally, Atreides Management LP acquired a new position in shares of Semtech in the second quarter worth about $29,880,000.

Insiders Place Their Bets

In other news, EVP Jason Elliot Green sold 2,264 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $129.90, for a total value of $294,093.60. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark Lin sold 970 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $150.41, for a total transaction of $145,897.70. Following the transaction, the chief financial officer owned 34,896 shares in the company, valued at $5,248,707.36. The trade was a 2.70% 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. Over the last three months, insiders sold 21,734 shares of company stock valued at $3,133,986. Corporate insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on SMTC. Morgan Stanley increased their target price on shares of Semtech from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Susquehanna increased their price target on Semtech from $170.00 to $200.00 and gave the stock a “positive” rating in a research report on Wednesday, May 27th. Benchmark reissued a “buy” rating on shares of Semtech in a report on Thursday, August 20th. UBS Group upped their target price on Semtech from $225.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Zacks Research cut shares of Semtech from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. Fifteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.71.

Semtech Stock Performance

Shares of NASDAQ:SMTC opened at $131.17 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.62. The business’s 50 day moving average price is $135.08 and its 200-day moving average price is $119.10. The firm has a market capitalization of $12.24 billion, a PE ratio of 86.87 and a beta of 2.35. Semtech Corporation has a 1 year low of $55.18 and a 1 year high of $177.35.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.61 by $0.10. The firm had revenue of $341.87 million during the quarter, compared to the consensus estimate of $328.67 million. Semtech had a return on equity of 21.74% and a net margin of 13.11%.The firm’s revenue was up 32.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. As a group, equities research analysts expect that Semtech Corporation will post 2.63 earnings per share for the current fiscal year.

Key Stories Impacting Semtech

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

About Semtech

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.