New Mexico Educational Retirement Board Buys Shares of 19,300 Semtech Corporation $SMTC

New Mexico Educational Retirement Board bought a new stake in Semtech Corporation (NASDAQ:SMTC) during the second quarter, Holdings Channel reports. The institutional investor bought 19,300 shares of the semiconductor company’s stock, valued at approximately $3,124,000.

A number of other hedge funds have also made changes to their positions in SMTC. FNY Investment Advisers LLC boosted its holdings in shares of Semtech by 900.0% during the second quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 180 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Semtech during the second quarter valued at approximately $32,000. Banque Cantonale Vaudoise acquired a new position in Semtech in the 1st quarter valued at approximately $33,000. IFP Advisors Inc acquired a new position in Semtech in the 4th quarter valued at approximately $53,000. Finally, Allworth Financial LP purchased a new stake in Semtech in the 2nd quarter worth approximately $55,000.

More Semtech News

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Strong quarterly results: Semtech reported record sales of approximately $341.9 million, up about 33% year over year, while adjusted earnings of $0.71 per share exceeded the $0.61 consensus estimate. Net income reportedly expanded 89%. Why Semtech Stock Was Flying This Week
• Positive Sentiment: AI data-center momentum: Reports highlight roughly $100 million in AI data-center demand and identify connectivity as a potential bottleneck for AI infrastructure. This supports expectations for continued growth in Semtech’s analog and signal-integrity businesses. Analog Bets Pay Off: Semtech Shatters Records as AI Data Center Demand Hits $100M
• Positive Sentiment: Raised outlook and improving balance sheet: Coverage cites higher guidance, expanding margins, debt reduction, and expectations for stronger near-term growth. The company’s reported third-quarter fiscal 2027 EPS outlook is $1.02–$1.08. Semtech Stock Rallies on Strong Q2 Results and Raised Guidance
• Positive Sentiment: Analyst support: Northland Securities upgraded Semtech to Outperform with a $182 price target, while Needham reaffirmed its Buy rating. Other coverage points to a consensus target near $200, reinforcing the bullish narrative. Northland lifts Semtech rating
• Neutral Sentiment: New product opportunity: The LoRa Plus transceiver lineup could strengthen Semtech’s position in long-range IoT connectivity, although the financial contribution and adoption pace remain uncertain. What Does Semtech Gain From Its New LoRa Plus Transceivers?
• Negative Sentiment: Valuation and volatility risks: Semtech trades at a high earnings multiple, and its elevated beta makes the stock sensitive to profit-taking after a sharp advance. Unusually high trading volume indicates that investors are actively reassessing the shares following earnings. Semtech Sees Unusually-High Trading Volume After Strong Earnings

Insider Transactions at Semtech

In other Semtech news, Director Paul V. Walsh, Jr. sold 500 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $164.99, for a total transaction of $82,495.00. Following the transaction, the director directly owned 28,100 shares of the company’s stock, valued at $4,636,219. This represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Hong Q. Hou sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $133.00, for a total value of $266,000.00. Following the transaction, the chief executive officer owned 64,799 shares in the company, valued at approximately $8,618,267. This trade represents a 2.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 21,734 shares of company stock valued at $3,133,986 in the last three months. 0.44% of the stock is currently owned by company insiders.

Semtech Price Performance

NASDAQ SMTC opened at $131.17 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.70 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $12.24 billion, a PE ratio of 86.87 and a beta of 2.35. The company has a 50 day moving average price of $135.08 and a two-hundred day moving average price of $119.10. Semtech Corporation has a 12-month low of $55.18 and a 12-month high of $177.35.

Semtech (NASDAQ:SMTC) last posted its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.61 by $0.10. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The company had revenue of $341.87 million during the quarter, compared to the consensus estimate of $328.67 million. During the same period in the previous year, the firm posted $0.41 earnings per share. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. As a group, equities analysts predict that Semtech Corporation will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Zacks Research lowered shares of Semtech from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. Citigroup downgraded shares of Semtech from a “buy” rating to a “market perform” rating in a research note on Tuesday, May 26th. TD Cowen increased their price objective on Semtech from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. New Street Research set a $230.00 price objective on Semtech in a research report on Thursday, August 20th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Semtech in a research note on Thursday, June 18th. Fifteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $204.71.

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.