GSA Capital Partners LLP Makes New Investment in Semtech Corporation $SMTC

GSA Capital Partners LLP purchased a new stake in Semtech Corporation (NASDAQ:SMTC) during the second quarter, Holdings Channel reports. The institutional investor purchased 12,560 shares of the semiconductor company’s stock, valued at approximately $2,033,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SMTC. Think Investments LP acquired a new position in shares of Semtech during the third quarter worth about $58,618,000. Ameriprise Financial Inc. increased its stake 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 buying an additional 666,456 shares during the period. Atreides Management LP acquired a new stake in Semtech in the second quarter valued at approximately $29,880,000. Assenagon Asset Management S.A. raised its holdings in Semtech by 323.0% in the first quarter. Assenagon Asset Management S.A. now owns 781,003 shares of the semiconductor company’s stock valued at $60,051,000 after acquiring an additional 596,373 shares in the last quarter. Finally, Capital International Investors purchased a new position in Semtech in the fourth quarter worth approximately $39,593,000.

Semtech Stock Performance

Shares of Semtech stock opened at $140.35 on Friday. The firm has a market capitalization of $13.07 billion, a P/E ratio of -359.87 and a beta of 2.35. Semtech Corporation has a 52 week low of $46.02 and a 52 week high of $177.35. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86. The firm’s 50 day moving average is $140.61 and its two-hundred day moving average is $115.63.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Zacks Research raised shares of Semtech from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Stifel Nicolaus lifted their price objective on shares of Semtech from $157.00 to $188.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Mizuho set a $225.00 target price on shares of Semtech in a research note on Wednesday, May 27th. B. Riley Financial increased their target price on Semtech from $165.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Finally, Craig Hallum raised their price target on Semtech from $105.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Semtech currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.07.

Insider Transactions at Semtech

In other 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 value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Hong Q. Hou sold 2,000 shares of the company’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $133.00, for a total value of $266,000.00. Following the completion of the sale, the chief executive officer directly owned 64,799 shares of the company’s stock, valued at approximately $8,618,267. This trade represents a 2.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 22,234 shares of company stock valued at $3,203,091 over the last quarter. 0.44% of the stock is owned by corporate insiders.

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.