Northwestern Mutual Wealth Management Co. Makes New $31.34 Million Investment in Semtech Corporation $SMTC

Northwestern Mutual Wealth Management Co. purchased a new position in Semtech Corporation (NASDAQ:SMTC) in the second quarter, Holdings Channel reports. The fund purchased 193,626 shares of the semiconductor company’s stock, valued at approximately $31,338,000.

A number of other hedge funds have also recently added to or reduced their stakes in SMTC. Quantbot Technologies LP bought a new stake in shares of Semtech during the 2nd quarter valued at about $1,214,000. Callan Family Office LLC bought a new position in Semtech during the 2nd quarter worth $222,000. Heartland Advisors Inc. acquired a new stake in shares of Semtech in the 2nd quarter worth about $7,861,000. Allworth Financial LP acquired a new position in shares of Semtech during the second quarter worth approximately $55,000. Finally, Virtus Advisers LLC bought a new position in shares of Semtech in the second quarter worth $714,000.

Analysts Set New Price Targets

SMTC has been the subject of several recent research reports. Oppenheimer set a $200.00 target price on shares of Semtech in a research note on Wednesday, May 27th. Stifel Nicolaus upped their price objective on shares of Semtech from $157.00 to $188.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. B. Riley Financial increased their target price on Semtech from $165.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 target price on shares of Semtech in a research report on Friday, August 14th. Finally, Roth Capital lifted their price objective on Semtech from $102.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $189.47.

Insider Transactions at Semtech

In other news, EVP Jason Elliot Green sold 2,264 shares of Semtech stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $129.90, for a total transaction of $294,093.60. Following the completion of the sale, the executive vice president owned 8,611 shares in the company, valued at $1,118,568.90. The trade was a 20.82% decrease in their position. The sale 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, Director Paul V. Walsh, Jr. sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $164.99, for a total transaction of $82,495.00. Following the sale, the director directly owned 28,100 shares of the company’s stock, valued at approximately $4,636,219. This trade represents a 1.75% 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. Over the last 90 days, insiders sold 21,734 shares of company stock valued at $3,133,986. 0.44% of the stock is currently owned by insiders.

Semtech Price Performance

Shares of SMTC stock opened at $124.09 on Friday. Semtech Corporation has a 52 week low of $49.04 and a 52 week high of $177.35. The stock’s fifty day moving average is $137.87 and its 200-day moving average is $117.45. 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 stock has a market capitalization of $11.56 billion, a PE ratio of -318.18 and a beta of 2.35.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $291.02 million for the quarter, compared to analyst estimates of $283.53 million. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $0.38 EPS. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Equities research analysts expect that Semtech Corporation will post 1.81 EPS for the current fiscal year.

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.