The Manufacturers Life Insurance Company Takes Position in Semtech Corporation $SMTC

The Manufacturers Life Insurance Company purchased a new position in shares of Semtech Corporation (NASDAQ:SMTC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 70,579 shares of the semiconductor company’s stock, valued at approximately $11,423,000. The Manufacturers Life Insurance Company owned 0.08% of Semtech at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FNY Investment Advisers LLC lifted its position in Semtech by 900.0% in the second quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 180 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Semtech in the 2nd quarter worth approximately $32,000. Banque Cantonale Vaudoise purchased a new position in shares of Semtech during the 1st quarter worth approximately $33,000. IFP Advisors Inc acquired a new stake in Semtech in the 4th quarter valued at approximately $53,000. Finally, Allworth Financial LP purchased a new stake in Semtech in the second quarter valued at approximately $55,000.

Semtech Stock Down 7.9%

SMTC stock opened at $131.17 on Friday. The stock has a market cap of $12.24 billion, a P/E ratio of 86.87 and a beta of 2.35. The company has a current ratio of 1.70, a quick ratio of 1.62 and a debt-to-equity ratio of 0.47. Semtech Corporation has a twelve month low of $55.18 and a twelve month high of $177.35. The company’s 50 day moving average is $135.08 and its two-hundred day moving average is $119.10.

Semtech (NASDAQ:SMTC) last issued 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 net margin of 13.11% and a return on equity of 21.74%. The business had revenue of $341.87 million during the quarter, compared to analysts’ expectations of $328.67 million. During the same quarter in the prior year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Research analysts expect that Semtech Corporation will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Asaf Silberstein sold 8,500 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was 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 directly owned 96,862 shares of the company’s stock, valued at approximately $12,378,963.60. This represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul V. Walsh, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $164.99, for a total transaction of $82,495.00. Following the transaction, the director owned 28,100 shares in the company, valued at approximately $4,636,219. This trade represents a 1.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 21,734 shares of company stock valued at $3,133,986 in the last 90 days. Company insiders own 0.44% of the company’s stock.

Trending Headlines about Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Strong quarterly results: Semtech reported record sales of approximately $341.9 million, up about 33% year over year, while adjusted earnings of $0.71 per share exceeded the $0.61 consensus estimate. Net income reportedly expanded 89%. Why Semtech Stock Was Flying This Week
• Positive Sentiment: AI data-center momentum: Reports highlight roughly $100 million in AI data-center demand and identify connectivity as a potential bottleneck for AI infrastructure. This supports expectations for continued growth in Semtech’s analog and signal-integrity businesses. Analog Bets Pay Off: Semtech Shatters Records as AI Data Center Demand Hits $100M
• Positive Sentiment: Raised outlook and improving balance sheet: Coverage cites higher guidance, expanding margins, debt reduction, and expectations for stronger near-term growth. The company’s reported third-quarter fiscal 2027 EPS outlook is $1.02–$1.08. Semtech Stock Rallies on Strong Q2 Results and Raised Guidance
• Positive Sentiment: Analyst support: Northland Securities upgraded Semtech to Outperform with a $182 price target, while Needham reaffirmed its Buy rating. Other coverage points to a consensus target near $200, reinforcing the bullish narrative. Northland lifts Semtech rating
• Neutral Sentiment: New product opportunity: The LoRa Plus transceiver lineup could strengthen Semtech’s position in long-range IoT connectivity, although the financial contribution and adoption pace remain uncertain. What Does Semtech Gain From Its New LoRa Plus Transceivers?
• Negative Sentiment: Valuation and volatility risks: Semtech trades at a high earnings multiple, and its elevated beta makes the stock sensitive to profit-taking after a sharp advance. Unusually high trading volume indicates that investors are actively reassessing the shares following earnings. Semtech Sees Unusually-High Trading Volume After Strong Earnings

Analyst Upgrades and Downgrades

SMTC has been the subject of a number of research reports. Stifel Nicolaus lifted their price objective on Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price target on shares of Semtech in a research report on Wednesday. Citigroup downgraded Semtech from a “buy” rating to a “market perform” rating in a research report on Tuesday, May 26th. UBS Group upped their target price on shares of Semtech from $225.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Benchmark reaffirmed a “buy” rating on shares of Semtech in a report on Thursday, August 20th. Fifteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $204.71.

Semtech 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.