Northwestern Mutual Wealth Management Co. Purchases 191,743 Shares of Semtech Corporation $SMTC

Northwestern Mutual Wealth Management Co. lifted its position in Semtech Corporation (NASDAQ:SMTC) by 10,182.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 193,626 shares of the semiconductor company’s stock after buying an additional 191,743 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Semtech were worth $31,338,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC grew its holdings in Semtech by 900.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 180 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Semtech in the 2nd quarter valued at about $32,000. Banque Cantonale Vaudoise purchased a new stake in shares of Semtech in the 1st quarter worth approximately $33,000. IFP Advisors Inc bought a new position in shares of Semtech during the fourth quarter valued at approximately $53,000. Finally, Allworth Financial LP bought a new position in shares of Semtech during the second quarter valued at approximately $55,000.

Semtech Stock Down 0.5%

Semtech stock opened at $132.27 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.31. The stock has a market capitalization of $12.34 billion, a price-to-earnings ratio of 87.60 and a beta of 2.35. Semtech Corporation has a 1-year low of $55.18 and a 1-year high of $177.35. The business has a fifty day moving average price of $133.62 and a 200-day moving average price of $119.93.

Semtech (NASDAQ:SMTC) last announced its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.10. Semtech had a return on equity of 21.74% and a net margin of 13.11%.The company had revenue of $341.87 million for the quarter, compared to analyst estimates of $328.67 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s quarterly revenue was up 32.7% compared to the same quarter last year. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Equities research analysts forecast that Semtech Corporation will post 2.64 EPS for the current fiscal year.

Key Headlines Impacting Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Northland Securities sharply raised its long-term forecasts. The firm lifted its FY2027 EPS estimate to $2.65 from $1.76 and its FY2028 estimate to $4.78 from $2.78. Quarterly estimates were also increased, including Q3 2027 to $0.85 from $0.51 and Q4 2028 to $1.30 from $0.80. Northland maintained an “Outperform” rating and a $182 price target, signaling substantial potential upside from recent trading levels. Northland Securities analyst estimates
• Positive Sentiment: Semtech is being highlighted as an AI and analog/mixed-signal growth stock. Zacks included SMTC among five AI-powered momentum stocks for September and said the company benefits from strong momentum and robust growth prospects. Another Zacks report identified Semtech as a beneficiary of AI-related demand and a recovery in automotive and industrial markets. Zacks AI-powered momentum stocks report
• Positive Sentiment: New LoRa products are now in production. Semtech expanded its LoRa Plus family with the LR2022 and LR2012, supporting the company’s connected-device and Internet of Things growth strategy. Semtech expands LoRa Plus family
• Neutral Sentiment: Consensus expectations remain bullish, but valuation is demanding. Zacks reported that analysts’ average price target implied 56.44% upside, while Semtech trades at a high price-to-earnings ratio of about 87.6 and has a beta of 2.35. Recent earnings also exceeded expectations, with revenue up 32.7% year over year, but the premium valuation leaves the stock sensitive to profit-taking and broader semiconductor-sector volatility. Zacks Semtech price target analysis

Analyst Ratings Changes

Several brokerages recently issued reports on SMTC. Robert W. Baird lifted their price objective on shares of Semtech from $225.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Citigroup cut Semtech from a “buy” rating to a “market perform” rating in a research report on Tuesday, May 26th. Northland Securities upgraded Semtech from a “market perform” rating to an “outperform” rating and set a $182.00 price objective for the company in a research note on Thursday, August 27th. Roth Capital set a $220.00 price objective on Semtech in a research report on Wednesday, August 26th. Finally, Wall Street Zen upgraded Semtech from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Fifteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.71.

Insider Buying and Selling

In other Semtech news, EVP Jason Elliot Green sold 2,264 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $129.90, for a total transaction of $294,093.60. Following the sale, the executive vice president owned 8,611 shares of the company’s stock, valued at approximately $1,118,568.90. The trade was a 20.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were 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 position. 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. Insiders sold 21,734 shares of company stock worth $3,133,986 over the last ninety days. Company insiders own 0.44% of the company’s stock.

Semtech Company 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.