Pacer Advisors Inc. Has $886,000 Holdings in Semtech Corporation $SMTC

Pacer Advisors Inc. lessened its position in Semtech Corporation (NASDAQ:SMTC) by 28.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,527 shares of the semiconductor company’s stock after selling 4,602 shares during the quarter. Pacer Advisors Inc.’s holdings in Semtech were worth $886,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SMTC. Think Investments LP acquired a new stake in shares of Semtech in the third quarter valued at about $58,618,000. Ameriprise Financial Inc. boosted its stake in Semtech by 10.3% during the 2nd 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 during the period. Atreides Management LP acquired a new stake in Semtech in the 2nd quarter valued at approximately $29,880,000. Assenagon Asset Management S.A. grew its holdings in Semtech by 323.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 781,003 shares of the semiconductor company’s stock valued at $60,051,000 after buying an additional 596,373 shares during the last quarter. Finally, Capital International Investors bought a new position in Semtech in the 4th quarter worth approximately $39,593,000.

Semtech Price Performance

Shares of SMTC stock opened at $139.42 on Monday. Semtech Corporation has a one year low of $46.02 and a one year high of $177.35. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.37 and a quick ratio of 1.62. The stock has a fifty day moving average price of $143.09 and a 200 day moving average price of $113.92. The stock has a market cap of $12.99 billion, a P/E ratio of -357.49 and a beta of 2.35.

Semtech (NASDAQ:SMTC) last announced its quarterly 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 firm had revenue of $291.02 million for the quarter, compared to analyst estimates of $283.53 million. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Analysts predict that Semtech Corporation will post 1.81 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Mark Lin sold 970 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $150.41, for a total value of $145,897.70. Following the completion of the transaction, the chief financial officer directly owned 34,896 shares of the company’s stock, valued at approximately $5,248,707.36. This represents a 2.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul V. Walsh, Jr. sold 500 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 28,100 shares of the company’s stock, valued at $4,636,219. This trade represents a 1.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 22,234 shares of company stock valued at $3,203,091 over the last 90 days. Company insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on SMTC. Craig Hallum increased their price objective on Semtech from $105.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Benchmark boosted their target price on shares of Semtech from $120.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Zacks Research raised shares of Semtech from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Needham & Company LLC restated a “buy” rating and issued a $200.00 price target on shares of Semtech in a research report on Monday, July 13th. Finally, Oppenheimer set a $200.00 price objective on shares of Semtech in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $189.07.

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.