Emerald Advisers LLC Cuts Holdings in Semtech Corporation $SMTC

Emerald Advisers LLC lowered its stake in Semtech Corporation (NASDAQ:SMTC) by 2.9% during the first quarter, Holdings Channel.com reports. The firm owned 457,018 shares of the semiconductor company’s stock after selling 13,733 shares during the quarter. Semtech accounts for about 1.1% of Emerald Advisers LLC’s portfolio, making the stock its 25th largest position. Emerald Advisers LLC’s holdings in Semtech were worth $35,140,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Banque Cantonale Vaudoise acquired a new position in shares of Semtech during the first quarter worth about $33,000. IFP Advisors Inc purchased a new stake in shares of Semtech during the fourth quarter worth approximately $53,000. Smartleaf Asset Management LLC raised its holdings in Semtech by 24.1% in the second quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the semiconductor company’s stock valued at $57,000 after acquiring an additional 247 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in Semtech in the fourth quarter valued at approximately $60,000. Finally, NewEdge Advisors LLC lifted its stake in Semtech by 1,215.4% in the third quarter. NewEdge Advisors LLC now owns 855 shares of the semiconductor company’s stock worth $61,000 after acquiring an additional 790 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Northland Securities cut shares of Semtech from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 26th. Robert W. Baird raised their price objective on shares of Semtech from $110.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 price objective on shares of Semtech in a research report on Monday. Craig Hallum boosted their target price on shares of Semtech from $105.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Finally, Roth Capital increased their target price on Semtech from $102.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $189.07.

Semtech Stock Performance

Shares of SMTC opened at $132.15 on Tuesday. The stock has a 50 day moving average price of $148.40 and a 200 day moving average price of $107.12. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $12.31 billion, a price-to-earnings ratio of -338.85 and a beta of 2.31. Semtech Corporation has a 52-week low of $46.02 and a 52-week high of $177.35.

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

Insider Transactions at Semtech

In related news, insider John Michael Wilson sold 5,500 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $170.00, for a total value of $935,000.00. Following the completion of the sale, the insider directly owned 80,876 shares of the company’s stock, valued at $13,748,920. The trade was a 6.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Hong Q. Hou sold 2,000 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $162.10, for a total transaction of $324,200.00. Following the completion of the transaction, the chief executive officer owned 69,228 shares of the company’s stock, valued at $11,221,858.80. This represents a 2.81% 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. Over the last three months, insiders sold 20,734 shares of company stock worth $2,990,056. Insiders own 0.48% 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.