6,588 Shares in Semtech Corporation $SMTC Bought by J. Goldman & Co LP

J. Goldman & Co LP purchased a new stake in shares of Semtech Corporation (NASDAQ:SMTC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,588 shares of the semiconductor company’s stock, valued at approximately $1,066,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Andar Capital Management HK Ltd purchased a new stake in Semtech in the second quarter valued at about $162,000,000. Vanguard Group Inc. lifted its holdings in shares of Semtech by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 11,858,352 shares of the semiconductor company’s stock valued at $873,842,000 after buying an additional 298,987 shares during the period. BlackRock Inc. purchased a new stake in Semtech in the 2nd quarter worth approximately $1,577,947,000. Ameriprise Financial Inc. boosted its holdings in Semtech by 10.3% during the second quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock worth $321,040,000 after buying an additional 666,456 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Semtech by 1.5% during the 2nd quarter. State Street Corp now owns 4,037,107 shares of the semiconductor company’s stock worth $182,235,000 after acquiring an additional 60,788 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SMTC. Morgan Stanley increased their target price on Semtech from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Wednesday. BMO Capital Markets reissued an “outperform” rating on shares of Semtech in a report on Wednesday. UBS Group raised their target price on Semtech from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday. Susquehanna lifted their price target on Semtech from $170.00 to $200.00 and gave the stock a “positive” rating in a research note on Wednesday, May 27th. Finally, B. Riley Financial boosted their price target on shares of Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Fourteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Semtech presently has an average rating of “Moderate Buy” and an average target price of $201.44.

Semtech Price Performance

Semtech stock opened at $140.80 on Thursday. 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 simple moving average is $135.94 and its 200-day simple moving average is $118.62. Semtech Corporation has a 1 year low of $55.18 and a 1 year high of $177.35. The company has a market capitalization of $13.12 billion, a price-to-earnings ratio of 93.25 and a beta of 2.35.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. Semtech had a return on equity of 23.54% and a net margin of 13.11%.The business had revenue of $341.87 million during the quarter, compared to analysts’ expectations of $328.67 million. During the same period in the previous year, the firm posted $0.41 earnings per share. The company’s revenue was up 32.7% on a year-over-year basis. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. As a group, equities research analysts expect that Semtech Corporation will post 1.81 earnings per share for the current year.

Semtech News Summary

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Quarterly results beat expectations. Fiscal Q2 revenue rose 32.7% year over year to $341.9 million, exceeding the $328.7 million consensus estimate, while adjusted EPS of $0.71 topped expectations near $0.61 and increased from $0.41 a year earlier. Semtech Announces Second Quarter of Fiscal Year 2027 Results
• Positive Sentiment: Outlook substantially exceeded consensus. Semtech forecast fiscal Q3 revenue of approximately $410 million, compared with analysts’ expectations of about $359 million, and adjusted diluted EPS of roughly $1.05 versus consensus near $0.69. The guidance implies continued sequential growth and supported the stock’s advance. Semtech Dumps Cellular Business to Double Down on Data Centers
• Positive Sentiment: Data-center momentum is strengthening. Management highlighted a 1.6-terabit data-center product ramp, record backlog and a 91% increase in data-center sales, benefiting from AI infrastructure demand. Capacity expansion and tight GaN supply could support additional growth. SMTC Q2 Earnings Call Spotlights 1.6T Data Center Growth
• Positive Sentiment: Analyst sentiment improved. Multiple analysts raised their price targets following the earnings report, while Needham and Susquehanna reiterated Buy ratings with targets of $200 and $200–$215. Increased call-option activity also reflects bullish near-term positioning. Analysts Revise Forecasts After Upbeat Q2 Results
• Neutral Sentiment: Semtech’s planned cellular-business divestiture is intended to concentrate resources on data centers and create a structural margin benefit, though execution and the timing of the portfolio transition remain important risks.
• Negative Sentiment: Some recent disclosures show substantial insider selling, with executives reporting sales but no purchases over the past six months. The company also continues to post a negative GAAP net margin, factors that may temper enthusiasm despite the stronger outlook.

Insider Activity at Semtech

In other Semtech news, CFO Mark Lin sold 970 shares of the 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 sale, the chief financial officer directly owned 34,896 shares in the company, valued at $5,248,707.36. This represents a 2.70% decrease in their position. The transaction was disclosed in a filing 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, CEO Hong Q. Hou sold 2,000 shares of Semtech stock in a transaction on Friday, July 10th. The shares were sold at an average price of $133.00, for a total value of $266,000.00. Following the completion of the transaction, the chief executive officer owned 64,799 shares of the company’s stock, valued at approximately $8,618,267. This trade represents a 2.99% 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 21,734 shares of company stock worth $3,133,986 over the last 90 days. 0.44% of the stock is currently 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.