Vise Technologies Inc. Takes Position in Semtech Corporation $SMTC

Vise Technologies Inc. purchased a new stake in Semtech Corporation (NASDAQ:SMTC) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 5,021 shares of the semiconductor company’s stock, valued at approximately $813,000.

A number of other large investors have also recently bought and sold shares of SMTC. Andar Capital Management HK Ltd acquired a new stake in shares of Semtech during the second quarter worth about $162,000,000. BlackRock Inc. acquired a new position in Semtech in the 2nd quarter valued at about $1,577,947,000. Think Investments LP acquired a new position in Semtech in the 3rd quarter valued at about $58,618,000. Ameriprise Financial Inc. raised its stake in Semtech by 10.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock valued at $321,040,000 after acquiring an additional 666,456 shares during the last quarter. Finally, Atreides Management LP acquired a new stake in Semtech during the 2nd quarter worth approximately $29,880,000.

Analyst Ratings Changes

SMTC has been the topic of a number of analyst reports. Mizuho set a $225.00 price objective on shares of Semtech in a research report on Wednesday, May 27th. Zacks Research upgraded shares of Semtech from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Morgan Stanley raised their target price on shares of Semtech from $155.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. Robert W. Baird lifted their target price on shares of Semtech from $110.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Finally, UBS Group boosted their price target on shares of Semtech from $165.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $189.47.

Semtech Price Performance

SMTC stock opened at $124.09 on Monday. 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 company’s 50 day simple moving average is $137.87 and its 200-day simple moving average is $117.66. Semtech Corporation has a 12 month low of $49.04 and a 12 month high of $177.35. The firm has a market capitalization of $11.56 billion, a PE ratio of -318.18 and a beta of 2.35.

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

Insider Buying and Selling at Semtech

In related news, EVP Jason Elliot Green sold 2,264 shares of Semtech stock in a transaction 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 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Asaf Silberstein sold 8,500 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $127.80, for a total value of $1,086,300.00. Following the completion of the sale, the chief operating officer owned 96,862 shares of the company’s stock, valued at approximately $12,378,963.60. This trade represents a 8.07% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 21,734 shares of company stock worth $3,133,986. 0.44% of the stock is currently owned by company insiders.

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.