5,021 Shares in Semtech Corporation $SMTC Acquired by Vise Technologies Inc.

Vise Technologies Inc. purchased a new position in shares of Semtech Corporation (NASDAQ:SMTC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,021 shares of the semiconductor company’s stock, valued at approximately $813,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SMTC. FNY Investment Advisers LLC increased its stake in 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 shares of Semtech in the second quarter valued at approximately $32,000. Banque Cantonale Vaudoise acquired a new position in shares of Semtech in the first quarter valued at approximately $33,000. IFP Advisors Inc acquired a new position in shares of Semtech in the fourth quarter valued at approximately $53,000. Finally, Smartleaf Asset Management LLC increased its stake in Semtech by 24.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the semiconductor company’s stock worth $57,000 after buying an additional 247 shares during the period.

Analysts Set New Price Targets

SMTC has been the subject of several recent research reports. TD Cowen raised their price target on shares of Semtech from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Northland Securities lowered Semtech from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Semtech in a research note on Thursday, June 18th. B. Riley Financial lifted their target price on Semtech from $165.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Finally, Benchmark reissued a “buy” rating on shares of Semtech in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Semtech has an average rating of “Moderate Buy” and a consensus target price of $189.47.

Insider Transactions at Semtech

In other Semtech news, CEO Hong Q. Hou sold 2,000 shares of the company’s 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 in the company, valued at $8,618,267. This represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul V. Walsh, Jr. sold 500 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $164.99, for a total value of $82,495.00. Following the transaction, the director directly owned 28,100 shares in the company, valued at approximately $4,636,219. The trade was a 1.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,734 shares of company stock valued at $3,133,986 over the last quarter. 0.44% of the stock is owned by corporate insiders.

Semtech Stock Performance

Shares of Semtech stock opened at $124.09 on Monday. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86. Semtech Corporation has a 52 week low of $49.04 and a 52 week high of $177.35. The firm’s 50 day moving average is $137.87 and its two-hundred day moving average is $117.66. The firm has a market capitalization of $11.56 billion, a P/E ratio of -318.18 and a beta of 2.35.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.06. The business had revenue of $291.02 million during the quarter, compared to the consensus estimate of $283.53 million. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Research analysts forecast 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.