Hodges Capital Management Inc. Boosts Stock Holdings in Semtech Corporation $SMTC

Hodges Capital Management Inc. grew its stake in shares of Semtech Corporation (NASDAQ:SMTC) by 27.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 82,323 shares of the semiconductor company’s stock after purchasing an additional 17,602 shares during the quarter. Hodges Capital Management Inc.’s holdings in Semtech were worth $6,066,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Hantz Financial Services Inc. boosted its holdings in Semtech by 243.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 360 shares during the period. AlphaQuest LLC grew its position in Semtech by 42.5% during the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 173 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Semtech by 65.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 235 shares during the period. Assetmark Inc. lifted its position in Semtech by 1,745.5% in the third quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 576 shares during the last quarter. Finally, IFP Advisors Inc bought a new stake in Semtech in the fourth quarter valued at approximately $53,000.

Insider Transactions at Semtech

In other news, Director Martin Burvill sold 2,500 shares of the firm’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $88.98, for a total value of $222,450.00. Following the completion of the sale, the director directly owned 4,409 shares of the company’s stock, valued at approximately $392,312.82. This trade represents a 36.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jason Elliot Green sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $81.73, for a total transaction of $612,975.00. Following the completion of the sale, the executive vice president directly owned 8,811 shares of the company’s stock, valued at approximately $720,123.03. This represents a 45.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 25,660 shares of company stock worth $2,268,140. 0.48% of the stock is owned by corporate insiders.

Semtech Trading Down 2.1%

NASDAQ:SMTC opened at $154.28 on Thursday. The company has a fifty day moving average of $122.08 and a 200 day moving average of $94.61. Semtech Corporation has a 52 week low of $39.07 and a 52 week high of $172.35. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $14.37 billion, a P/E ratio of -395.59 and a beta of 2.32.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $291.02 million during the quarter, compared to analyst estimates of $283.53 million. During the same period in the prior year, the business posted $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, research analysts predict that Semtech Corporation will post 1.81 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SMTC. Northland Securities cut shares of Semtech from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 26th. TD Cowen reiterated a “buy” rating on shares of Semtech in a report on Tuesday, February 24th. Stifel Nicolaus upped their price target on shares of Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. B. Riley Financial upped their price target on shares of Semtech from $165.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Finally, Craig Hallum upped their price target on shares of Semtech from $105.00 to $205.00 and gave the company a “buy” rating 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $179.73.

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.