Pacer Advisors Inc. Sells 4,602 Shares of Semtech Corporation $SMTC

Pacer Advisors Inc. lowered its position in shares of Semtech Corporation (NASDAQ:SMTC) by 28.5% in the first quarter, HoldingsChannel reports. The firm owned 11,527 shares of the semiconductor company’s stock after selling 4,602 shares during the period. Pacer Advisors Inc.’s holdings in Semtech were worth $886,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SMTC. Leonteq Securities AG boosted its position in Semtech by 11.2% in the first quarter. Leonteq Securities AG now owns 1,171 shares of the semiconductor company’s stock valued at $90,000 after buying an additional 118 shares in the last quarter. Evergreen Capital Management LLC raised its stake in shares of Semtech by 2.3% in the fourth quarter. Evergreen Capital Management LLC now owns 5,945 shares of the semiconductor company’s stock valued at $438,000 after acquiring an additional 136 shares during the last quarter. Stephens Inc. AR raised its stake in shares of Semtech by 3.3% in the fourth quarter. Stephens Inc. AR now owns 4,410 shares of the semiconductor company’s stock valued at $325,000 after acquiring an additional 142 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of Semtech by 0.8% in the 4th quarter. Captrust Financial Advisors now owns 19,302 shares of the semiconductor company’s stock worth $1,422,000 after acquiring an additional 162 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Semtech by 1.5% in the 4th quarter. Cetera Investment Advisers now owns 11,737 shares of the semiconductor company’s stock worth $865,000 after acquiring an additional 177 shares in the last quarter.

Insider Transactions at Semtech

In other Semtech news, Director Paul V. Walsh, Jr. sold 500 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $164.99, for a total transaction of $82,495.00. Following the completion of the sale, the director directly owned 28,100 shares of the company’s stock, valued at approximately $4,636,219. The trade was a 1.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 2,264 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $129.90, for a total transaction of $294,093.60. Following the transaction, the executive vice president owned 8,611 shares in the company, valued at approximately $1,118,568.90. The trade was a 20.82% 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 90 days, insiders sold 22,234 shares of company stock valued at $3,203,091. 0.44% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SMTC has been the subject of a number of recent analyst reports. Susquehanna raised their price target on Semtech from $170.00 to $200.00 and gave the company a “positive” rating in a report on Wednesday, May 27th. Benchmark boosted their price objective on Semtech from $120.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Robert W. Baird increased their target price on Semtech from $110.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Northland Securities cut Semtech from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 26th. Finally, B. Riley Financial upped their price target on shares of Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $189.07.

Semtech Stock Performance

SMTC stock opened at $139.42 on Monday. The company has a 50 day moving average price of $143.09 and a 200 day moving average price of $113.92. Semtech Corporation has a fifty-two week low of $46.02 and a fifty-two week 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. The stock has a market capitalization of $12.99 billion, a PE ratio of -357.49 and a beta of 2.35.

Semtech (NASDAQ:SMTC) last released its earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. The company had revenue of $291.02 million during the quarter, compared to analysts’ expectations of $283.53 million. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $0.38 EPS. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Analysts forecast that Semtech Corporation will post 1.81 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.