Navellier & Associates Inc. Invests $3.68 Million in Semtech Corporation $SMTC

Navellier & Associates Inc. bought a new stake in Semtech Corporation (NASDAQ:SMTC) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 22,729 shares of the semiconductor company’s stock, valued at approximately $3,679,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Hsbc Holdings PLC purchased a new stake in Semtech during the 2nd quarter valued at about $2,018,000. Archer Investment Corp purchased a new position in Semtech in the 2nd quarter worth approximately $775,000. United Capital Financial Advisors LLC purchased a new position in Semtech in the 2nd quarter worth approximately $238,000. Jefferies Financial Group Inc. acquired a new position in shares of Semtech during the 2nd quarter worth approximately $1,392,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Semtech during the 2nd quarter worth approximately $4,276,000.

Insider Buying and Selling

In other news, COO Asaf Silberstein sold 8,500 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $127.80, for a total transaction of $1,086,300.00. Following the completion of the transaction, the chief operating officer directly owned 96,862 shares in the company, valued at approximately $12,378,963.60. This represents a 8.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 stock was sold at an average price of $133.00, for a total value of $266,000.00. Following the sale, the chief executive officer directly owned 64,799 shares of the company’s stock, valued at $8,618,267. The trade was 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. Over the last three months, insiders have sold 21,734 shares of company stock valued at $3,133,986. 0.44% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Northland Securities raised Semtech from a “market perform” rating to an “outperform” rating and set a $182.00 price target for the company in a report on Thursday. Mizuho set a $225.00 price objective on Semtech in a research note on Wednesday, May 27th. Roth Capital set a $220.00 target price on Semtech in a report on Wednesday. Susquehanna raised their target price on Semtech from $170.00 to $200.00 and gave the stock a “positive” rating in a research note on Wednesday, May 27th. Finally, Oppenheimer set a $200.00 price target on Semtech in a report on Wednesday, May 27th. Fifteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $204.71.

Semtech News Roundup

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

Semtech Stock Down 7.9%

Shares of NASDAQ SMTC opened at $131.17 on Friday. The company has a 50 day simple moving average of $135.08 and a 200-day simple moving average of $119.10. The company has a market capitalization of $12.24 billion, a P/E ratio of 86.87 and a beta of 2.35. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.62. Semtech Corporation has a 1 year low of $55.18 and a 1 year high of $177.35.

Semtech (NASDAQ:SMTC) last released its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. The firm had revenue of $341.87 million for the quarter, compared to analysts’ expectations of $328.67 million. Semtech had a return on equity of 21.74% and a net margin of 13.11%.The firm’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. On average, equities research analysts predict that Semtech Corporation will post 1.81 earnings per share for the current 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.