Diker Management LLC Takes $737,000 Position in Semtech Corporation $SMTC

Diker Management LLC bought a new position in Semtech Corporation (NASDAQ:SMTC) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 10,000 shares of the semiconductor company’s stock, valued at approximately $737,000. Semtech comprises 0.6% of Diker Management LLC’s portfolio, making the stock its 25th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in SMTC. Jones Financial Companies Lllp raised its holdings in shares of Semtech by 12,214.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock worth $89,000 after acquiring an additional 2,565 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Semtech by 11.5% in the first quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock worth $323,000 after purchasing an additional 968 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Semtech by 5.8% in the first 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 purchasing an additional 22,629 shares in the last quarter. Strs Ohio bought a new position in shares of Semtech in the first quarter valued at approximately $65,000. Finally, Cetera Investment Advisers bought a new position in shares of Semtech in the second quarter valued at approximately $226,000.

Insiders Place Their Bets

In other Semtech news, CFO Mark Lin sold 974 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $78.42, for a total value of $76,381.08. Following the completion of the sale, the chief financial officer directly owned 33,343 shares of the company’s stock, valued at approximately $2,614,758.06. This represents a 2.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 7,500 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $81.73, for a total transaction of $612,975.00. Following the completion of the sale, the executive vice president directly owned 8,811 shares of the company’s stock, valued at $720,123.03. The trade was a 45.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 25,160 shares of company stock worth $2,227,705 in the last ninety days. 0.48% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on SMTC. TD Cowen reiterated a “buy” rating on shares of Semtech in a report on Tuesday, February 24th. B. Riley Financial increased their price target on Semtech from $165.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Roth Mkm increased their price target on Semtech from $102.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Stifel Nicolaus increased their price target on Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, Morgan Stanley increased their price target on Semtech from $155.00 to $175.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $179.73.

Semtech Trading Down 7.3%

Shares of SMTC stock opened at $161.59 on Wednesday. Semtech Corporation has a 52-week low of $39.97 and a 52-week high of $177.35. 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 has a 50-day simple moving average of $128.96 and a two-hundred day simple moving average of $97.34. The company has a market capitalization of $15.05 billion, a price-to-earnings ratio of -414.33 and a beta of 2.32.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $291.02 million during the quarter, compared to the consensus estimate of $283.53 million. During the same period in the prior year, the firm posted $0.38 EPS. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Research analysts anticipate that Semtech Corporation will post 1.81 EPS for the current fiscal year.

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.