New Age Alpha Advisors LLC Takes $310,000 Position in Semtech Corporation $SMTC

New Age Alpha Advisors LLC acquired a new position in shares of Semtech Corporation (NASDAQ:SMTC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,208 shares of the semiconductor company’s stock, valued at approximately $310,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SMTC. Think Investments LP purchased a new position in shares of Semtech during the third quarter worth about $58,618,000. Ameriprise Financial Inc. grew its holdings in shares of Semtech by 10.3% during the second quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock worth $321,040,000 after purchasing an additional 666,456 shares in the last quarter. Atreides Management LP purchased a new position in shares of Semtech during the second quarter worth about $29,880,000. Westfield Capital Management Co. LP grew its holdings in shares of Semtech by 23.0% during the third quarter. Westfield Capital Management Co. LP now owns 3,380,373 shares of the semiconductor company’s stock worth $241,528,000 after purchasing an additional 633,113 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of Semtech by 199.3% during the third quarter. Schroder Investment Management Group now owns 879,880 shares of the semiconductor company’s stock worth $62,867,000 after purchasing an additional 585,852 shares in the last quarter.

Key Semtech News

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 Martin Burvill sold 2,500 shares of the firm’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $88.98, for a total value of $222,450.00. Following the completion of the sale, the director owned 4,409 shares of the company’s stock, valued at $392,312.82. This trade represents a 36.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mark Lin sold 974 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $78.42, for a total value of $76,381.08. Following the completion of the sale, the chief financial officer directly owned 33,343 shares of the company’s stock, valued at $2,614,758.06. The trade was a 2.84% decrease in their position. 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. Insiders have sold a total of 36,884 shares of company stock valued at $3,069,245 over the last three months. Insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on SMTC shares. Morgan Stanley boosted their price objective on Semtech from $155.00 to $175.00 and gave the stock an “equal weight” rating in a report on Wednesday. Stifel Nicolaus raised their price objective on Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a report on Wednesday. Robert W. Baird upped their target price on Semtech from $110.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday. B. Riley Financial upped their target price on Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Oppenheimer set a $200.00 price objective on shares of Semtech in a research note on Wednesday. Thirteen investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $179.73.

Semtech Stock Performance

NASDAQ:SMTC opened at $166.33 on Friday. The firm has a market cap of $15.49 billion, a PE ratio of -426.49 and a beta of 2.22. Semtech Corporation has a fifty-two week low of $34.59 and a fifty-two week high of $172.35. The business has a 50 day moving average price of $107.16 and a 200-day moving average price of $88.86. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.66 and a current ratio of 2.37.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $291.00 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $0.38 EPS. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Equities research analysts predict that Semtech Corporation will post 1.6 earnings per share for the current year.

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.