Public Sector Pension Investment Board Purchases 42,582 Shares of Semtech Corporation $SMTC

Public Sector Pension Investment Board lifted its position in shares of Semtech Corporation (NASDAQ:SMTC) by 14.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 337,906 shares of the semiconductor company’s stock after buying an additional 42,582 shares during the period. Public Sector Pension Investment Board owned about 0.39% of Semtech worth $24,143,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in shares of Semtech by 10.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock worth $321,040,000 after acquiring an additional 666,456 shares in the last quarter. State Street Corp boosted its holdings in Semtech by 1.5% during the second quarter. State Street Corp now owns 4,037,107 shares of the semiconductor company’s stock worth $182,235,000 after purchasing an additional 60,788 shares during the last quarter. Alliancebernstein L.P. grew its position in Semtech by 9.8% in the second quarter. Alliancebernstein L.P. now owns 3,318,384 shares of the semiconductor company’s stock valued at $149,792,000 after purchasing an additional 294,990 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its stake in Semtech by 4.2% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,894,536 shares of the semiconductor company’s stock valued at $130,659,000 after buying an additional 115,921 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its position in Semtech by 107.8% during the 2nd quarter. Westfield Capital Management Co. LP now owns 2,747,260 shares of the semiconductor company’s stock worth $124,011,000 after buying an additional 1,424,909 shares in the last quarter.

Analyst Ratings Changes

Several brokerages recently commented on SMTC. Benchmark increased their price target on Semtech from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Oppenheimer restated an “outperform” rating and set a $81.00 price objective on shares of Semtech in a report on Tuesday, November 25th. Wall Street Zen lowered Semtech from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 26th. B. Riley Financial boosted their price target on Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Finally, Susquehanna upped their price objective on Semtech from $65.00 to $80.00 and gave the company a “positive” rating in a report on Tuesday, November 18th. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.21.

Semtech Stock Performance

SMTC opened at $87.11 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43. Semtech Corporation has a 52-week low of $24.05 and a 52-week high of $92.50. The firm has a market cap of $8.06 billion, a P/E ratio of 281.00 and a beta of 2.01. The business’s fifty day moving average is $78.54 and its 200-day moving average is $68.55.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings results on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $266.97 million during the quarter, compared to the consensus estimate of $266.36 million. Semtech had a return on equity of 17.00% and a net margin of 2.77%.Semtech’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. Sell-side analysts expect that Semtech Corporation will post -0.02 EPS for the current fiscal year.

Insider Buying and Selling at Semtech

In other news, insider John Michael Wilson sold 5,000 shares of the business’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $75.12, for a total transaction of $375,600.00. Following the completion of the transaction, the insider owned 60,066 shares of the company’s stock, valued at approximately $4,512,157.92. The trade was a 7.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul V. Walsh, Jr. sold 500 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $78.25, for a total value of $39,125.00. Following the completion of the sale, the director directly owned 25,279 shares in the company, valued at $1,978,081.75. This trade represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,967 shares of company stock worth $2,236,108 in the last three months. Company insiders own 0.48% of the company’s stock.

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.