Semtech Corporation $SMTC Shares Purchased by Royce & Associates LP

Royce & Associates LP increased its position in shares of Semtech Corporation (NASDAQ:SMTC) by 144.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 107,617 shares of the semiconductor company’s stock after purchasing an additional 63,603 shares during the quarter. Royce & Associates LP’s holdings in Semtech were worth $7,930,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New York State Common Retirement Fund raised its holdings in Semtech by 55.7% during the third quarter. New York State Common Retirement Fund now owns 277,661 shares of the semiconductor company’s stock worth $19,839,000 after purchasing an additional 99,335 shares during the last quarter. Argos Wealth Advisors LLC acquired a new position in shares of Semtech in the fourth quarter worth $640,000. Lisanti Capital Growth LLC acquired a new position in shares of Semtech in the third quarter worth $4,318,000. Hodges Capital Management Inc. acquired a new position in shares of Semtech in the third quarter worth $4,624,000. Finally, Atreides Management LP raised its holdings in shares of Semtech by 2.4% in the third quarter. Atreides Management LP now owns 678,133 shares of the semiconductor company’s stock worth $48,453,000 after acquiring an additional 16,192 shares during the last quarter.

Key Stories Impacting Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Semtech posted better-than-expected Q1 results, with EPS of $0.51 topping estimates of $0.45 and revenue of $291 million beating expectations, driven by strong demand in data center and infrastructure markets. Semtech’s Explosive Rally May Only Be Getting Started
• Positive Sentiment: The company issued Q2 revenue guidance above expectations and signaled continued momentum, especially in data center growth, which investors see as a major driver of future upside. Semtech forecasts $328M Q2 revenue as it targets 35 percent sequential data center growth
• Positive Sentiment: Several analysts raised price targets after the earnings beat, including B. Riley to $210, Needham to $200, and UBS/Baird to $225, reinforcing confidence in Semtech’s growth outlook. Semtech Stock Gains After Q1 Results Beat Estimates, Analysts Raise Price Targets
• Positive Sentiment: Analysts highlighted accelerating demand in data center and optical products, plus design wins and backlog that could support faster growth ahead. SMTC Q1 Earnings Call Flags Faster Data Center Growth
• Neutral Sentiment: Short interest data showed no meaningful positioning change, so it does not appear to be a major driver of the stock’s move. Semtech’s Explosive Rally May Only Be Getting Started

Insider Buying and Selling

In related news, Director Paul V. Walsh, Jr. sold 500 shares of the stock in a transaction dated Wednesday, May 20th. The stock was 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 of the company’s stock, valued at approximately $3,217,390.59. This represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 7,500 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $81.73, for a total value of $612,975.00. Following the completion of the transaction, the executive vice president directly owned 8,811 shares of the company’s stock, valued at $720,123.03. This represents a 45.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 36,884 shares of company stock valued at $3,069,245. 0.48% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SMTC has been the subject of a number of analyst reports. Benchmark boosted their price target on Semtech from $120.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday. Craig Hallum upped their target price on Semtech from $105.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday. Oppenheimer set a $200.00 target price on Semtech in a research note on Wednesday. UBS Group upped their target price on Semtech from $165.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Needham & Company LLC upped their target price on Semtech from $105.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday. Thirteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Semtech currently has an average rating of “Moderate Buy” and a consensus target price of $179.73.

Semtech Price Performance

SMTC stock opened at $166.33 on Friday. The stock has a 50-day moving average price of $107.16 and a two-hundred day moving average price of $88.86. Semtech Corporation has a 12-month low of $34.59 and a 12-month high of $172.35. The company has a current ratio of 2.37, a quick ratio of 1.66 and a debt-to-equity ratio of 0.86. The company has a market cap of $15.49 billion, a PE ratio of -426.49 and a beta of 2.22.

Semtech (NASDAQ:SMTC) last issued its earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share 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 $291.00 million during the quarter, compared to the consensus estimate of $283.53 million. During the same quarter in the prior year, the business earned $0.38 earnings per share. The company’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. As a group, research analysts predict that Semtech Corporation will post 1.6 EPS for the current year.

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.