OneDigital Investment Advisors LLC Buys New Shares in Semtech Corporation $SMTC

OneDigital Investment Advisors LLC bought a new position in shares of Semtech Corporation (NASDAQ:SMTC) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 8,122 shares of the semiconductor company’s stock, valued at approximately $1,315,000.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its position in shares of Semtech by 12,214.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock worth $89,000 after purchasing an additional 2,565 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Semtech by 11.5% during the 1st quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock worth $323,000 after purchasing an additional 968 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Semtech by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company’s stock valued at $14,166,000 after buying an additional 22,629 shares during the last quarter. Strs Ohio acquired a new stake in shares of Semtech in the 1st quarter valued at approximately $65,000. Finally, Cetera Investment Advisers bought a new position in shares of Semtech in the second quarter valued at $226,000.

Analyst Upgrades and Downgrades

SMTC has been the topic of a number of recent analyst reports. Northland Securities downgraded shares of Semtech from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 26th. TD Cowen lifted their price objective on shares of Semtech from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Benchmark boosted their price objective on shares of Semtech from $120.00 to $230.00 and gave the stock a “buy” rating in a research note 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. Finally, Stifel Nicolaus raised their target price on shares of Semtech from $157.00 to $188.00 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 issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Semtech currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.07.

Semtech Stock Up 9.9%

SMTC opened at $154.22 on Tuesday. The stock’s fifty day simple moving average is $140.52 and its 200 day simple moving average is $116.40. Semtech Corporation has a 1-year low of $46.02 and a 1-year high of $177.35. The stock has a market cap of $14.37 billion, a PE ratio of -395.44 and a beta of 2.35. The company has a current ratio of 2.37, a quick ratio of 1.62 and a debt-to-equity ratio of 0.86.

Semtech (NASDAQ:SMTC) last released its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 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 the consensus estimate 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 quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 earnings per share. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. As a group, research analysts expect that Semtech Corporation will post 1.81 earnings per share for the current year.

Insiders Place Their Bets

In other Semtech news, CFO Mark Lin sold 970 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $150.41, for a total transaction of $145,897.70. Following the completion of the sale, the chief financial officer directly owned 34,896 shares in the company, valued at $5,248,707.36. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Asaf Silberstein sold 8,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $127.80, for a total value of $1,086,300.00. Following the sale, the chief operating officer owned 96,862 shares of the company’s stock, valued at approximately $12,378,963.60. This represents a 8.07% decrease in their position. 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 have sold 22,234 shares of company stock worth $3,203,091 in the last 90 days. Corporate insiders own 0.44% of the company’s stock.

About Semtech

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.