Semtech Corporation $SMTC Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC decreased its position in shares of Semtech Corporation (NASDAQ:SMTC) by 34.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 186,844 shares of the semiconductor company’s stock after selling 97,503 shares during the period. WCM Investment Management LLC’s holdings in Semtech were worth $13,193,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Banque Cantonale Vaudoise purchased a new stake in Semtech during the first quarter worth $33,000. IFP Advisors Inc purchased a new position in shares of Semtech during the 4th quarter worth approximately $53,000. Smartleaf Asset Management LLC increased its position in Semtech by 24.1% during the second quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the semiconductor company’s stock worth $57,000 after buying an additional 247 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in Semtech during the 4th quarter worth about $60,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Semtech by 1,215.4% during the third quarter. NewEdge Advisors LLC now owns 855 shares of the semiconductor company’s stock worth $61,000 after buying an additional 790 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SMTC shares. Craig Hallum increased their target price on Semtech from $105.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price target on shares of Semtech in a research note on Monday, July 13th. Zacks Research raised Semtech from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. B. Riley Financial boosted their target price on shares of Semtech from $165.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Finally, Northland Securities cut Semtech from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $189.07.

Insider Buying and Selling at Semtech

In related news, Director Paul V. Walsh, Jr. sold 500 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $164.99, for a total value of $82,495.00. Following the completion of the transaction, the director owned 28,100 shares in the company, valued at $4,636,219. This trade represents a 1.75% decrease in their position. The transaction 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, CEO Hong Q. Hou sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $133.00, for a total transaction of $266,000.00. Following the sale, the chief executive officer owned 64,799 shares in the company, valued at $8,618,267. This represents a 2.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 22,734 shares of company stock valued at $3,256,056. Corporate insiders own 0.44% of the company’s stock.

Semtech Stock Up 0.7%

SMTC stock opened at $125.88 on Tuesday. The company has a market capitalization of $11.73 billion, a price-to-earnings ratio of -322.77 and a beta of 2.31. The company has a current ratio of 2.37, a quick ratio of 1.62 and a debt-to-equity ratio of 0.86. Semtech Corporation has a 52 week low of $46.02 and a 52 week high of $177.35. The firm’s 50-day moving average is $149.26 and its two-hundred day moving average is $109.07.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $291.02 million during 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 firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the company posted $0.38 EPS. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. On average, analysts forecast that Semtech Corporation will post 1.81 earnings per share for the current fiscal year.

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.