PNC Financial Services Group Inc. Has $1.01 Million Holdings in Semtech Corporation $SMTC

PNC Financial Services Group Inc. lowered its position in shares of Semtech Corporation (NASDAQ:SMTC) by 23.4% during the fourth quarter, Holdings Channel reports. The fund owned 13,680 shares of the semiconductor company’s stock after selling 4,182 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Semtech were worth $1,008,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund increased its stake in Semtech by 55.7% in the 3rd quarter. New York State Common Retirement Fund now owns 277,661 shares of the semiconductor company’s stock valued at $19,839,000 after buying an additional 99,335 shares during the period. Argos Wealth Advisors LLC acquired a new position in Semtech in the 4th quarter valued at approximately $640,000. Lisanti Capital Growth LLC acquired a new position in Semtech in the 3rd quarter valued at approximately $4,318,000. Hodges Capital Management Inc. acquired a new position in Semtech in the 3rd quarter valued at approximately $4,624,000. Finally, Atreides Management LP increased its stake in Semtech by 2.4% in the 3rd quarter. Atreides Management LP now owns 678,133 shares of the semiconductor company’s stock valued at $48,453,000 after buying an additional 16,192 shares during the period.

Insiders Place Their Bets

In related news, CFO Mark Lin sold 9,186 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $75.05, for a total value of $689,409.30. Following the transaction, the chief financial officer directly owned 32,710 shares in the company, valued at approximately $2,454,885.50. This trade represents a 21.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Hong Q. Hou sold 2,000 shares of the firm’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $90.11, for a total transaction of $180,220.00. Following the completion of the transaction, the chief executive officer owned 73,228 shares in the company, valued at $6,598,575.08. The trade was a 2.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 36,884 shares of company stock worth $3,069,245 in the last ninety days. 0.48% of the stock is owned by insiders.

Trending Headlines about Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Craig-Hallum reiterated a Buy rating on Semtech, adding to a generally constructive analyst backdrop after the company’s recent earnings beat and upbeat outlook.
• Positive Sentiment: Several other analysts recently raised or reiterated bullish price targets, with the latest cluster of targets still sitting well above the current trading range, reflecting confidence in Semtech’s data center connectivity and IoT momentum.
• Positive Sentiment: Recent coverage highlighted Semtech as an AI infrastructure and networking beneficiary, which can support the stock when sentiment around semis and AI hardware is strong.
• Neutral Sentiment: The company’s latest earnings update was solid, with revenue and EPS beating expectations, but that also created a “sell-the-news” setup after a sharp rally into the print.
• Neutral Sentiment: There were also signs of mixed positioning: some institutions added shares while others trimmed large stakes, which can add to volatility without pointing clearly in one direction.
• Negative Sentiment: Northland downgraded Semtech to Market Perform from Outperform, citing valuation concerns and higher near-term risk for semiconductor names, including possible supply-chain disruption and softer AI infrastructure spending. Article title
• Negative Sentiment: Recent insider selling and a new disclosed regulatory risk tied to unregistered securities sales may be weighing on investor confidence and reinforcing the pullback. Article title

Semtech Stock Performance

Shares of SMTC opened at $152.54 on Friday. The company’s fifty day moving average is $108.74 and its 200-day moving average is $89.31. Semtech Corporation has a 12 month low of $34.59 and a 12 month high of $172.35. The firm has a market cap of $14.21 billion, a price-to-earnings ratio of -391.13 and a beta of 2.22. The company has a quick ratio of 1.66, a current ratio of 2.37 and a debt-to-equity ratio of 0.86.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 EPS for the quarter, topping the consensus estimate 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 $291.00 million for the quarter, compared to analyst estimates of $283.53 million. During the same quarter in the prior year, the business posted $0.38 EPS. Semtech’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 expect that Semtech Corporation will post 1.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on SMTC. Craig Hallum upped their price objective on shares of Semtech from $105.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird upped their price objective on shares of Semtech from $110.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday. Susquehanna upped their price objective on shares of Semtech from $170.00 to $200.00 and gave the company a “positive” rating in a research note on Wednesday. Benchmark upped their price objective on shares of Semtech from $120.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, TD Cowen restated a “buy” rating on shares of Semtech in a research note on Tuesday, February 24th. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Semtech has an average rating of “Moderate Buy” and a consensus target price of $179.73.

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.