Global Retirement Partners LLC Makes New $945,000 Investment in Semtech Corporation $SMTC

Global Retirement Partners LLC purchased a new position in shares of Semtech Corporation (NASDAQ:SMTC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,836 shares of the semiconductor company’s stock, valued at approximately $945,000.

A number of other large investors also recently modified their holdings of the company. Andar Capital Management HK Ltd bought a new stake in Semtech during the 2nd quarter worth $162,000,000. Vanguard Group Inc. raised its position in Semtech by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 11,858,352 shares of the semiconductor company’s stock valued at $873,842,000 after purchasing an additional 298,987 shares during the last quarter. Ameriprise Financial Inc. boosted 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 valued at $321,040,000 after purchasing an additional 666,456 shares in the last quarter. State Street Corp boosted its stake in shares of Semtech by 1.5% during the second quarter. State Street Corp now owns 4,037,107 shares of the semiconductor company’s stock valued at $182,235,000 after purchasing an additional 60,788 shares in the last quarter. Finally, Whale Rock Capital Management LLC grew its holdings in shares of Semtech by 11.3% during the fourth quarter. Whale Rock Capital Management LLC now owns 3,901,469 shares of the semiconductor company’s stock worth $287,499,000 after purchasing an additional 396,504 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Zacks Research raised Semtech from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Needham & Company LLC reiterated a “buy” rating and set a $200.00 target price on shares of Semtech in a research report on Friday, August 14th. Citigroup lowered shares of Semtech from a “buy” rating to a “market perform” rating in a report on Tuesday, May 26th. Stifel Nicolaus upped their price target on shares of Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, Mizuho set a $225.00 price target on shares of Semtech in a research note on Wednesday, May 27th. One 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 issued a Sell rating to the stock. According to MarketBeat, Semtech has an average rating of “Moderate Buy” and a consensus target price of $189.07.

Semtech Stock Down 12.3%

Shares of NASDAQ SMTC opened at $135.23 on Wednesday. The company has a market capitalization of $12.60 billion, a P/E ratio of -346.74 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 debt-to-equity ratio of 0.86, a quick ratio of 1.62 and a current ratio of 2.37. The company’s 50 day moving average price is $140.08 and its 200-day moving average price is $116.78.

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

Insider Buying and Selling at Semtech

In other news, CFO Mark Lin sold 970 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $150.41, for a total value of $145,897.70. Following the transaction, the chief financial officer directly owned 34,896 shares of the company’s stock, valued at $5,248,707.36. The trade was a 2.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul V. Walsh, Jr. sold 500 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $164.99, for a total value of $82,495.00. Following the sale, the director owned 28,100 shares in the company, valued at approximately $4,636,219. The trade was a 1.75% 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. In the last ninety days, insiders have sold 21,734 shares of company stock valued at $3,133,986. 0.44% of the stock is owned by corporate insiders.

Semtech Company 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.