Jefferies Financial Group Inc. Buys Shares of 8,601 Semtech Corporation $SMTC

Jefferies Financial Group Inc. purchased a new position in Semtech Corporation (NASDAQ:SMTC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,601 shares of the semiconductor company’s stock, valued at approximately $1,392,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Leonteq Securities AG raised its stake in Semtech by 11.2% in the first quarter. Leonteq Securities AG now owns 1,171 shares of the semiconductor company’s stock worth $90,000 after buying an additional 118 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of Semtech by 3.3% in the 4th quarter. Stephens Inc. AR now owns 4,410 shares of the semiconductor company’s stock valued at $325,000 after acquiring an additional 142 shares during the period. ABS Investment Management LLC bought a new position in shares of Semtech in the 2nd quarter worth $178,035,000. Captrust Financial Advisors lifted its stake in shares of Semtech by 0.8% during the 4th quarter. Captrust Financial Advisors now owns 19,302 shares of the semiconductor company’s stock worth $1,422,000 after purchasing an additional 162 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Semtech by 1.5% during the 4th quarter. Cetera Investment Advisers now owns 11,737 shares of the semiconductor company’s stock worth $865,000 after purchasing an additional 177 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Mizuho set a $225.00 target price on Semtech in a research note on Wednesday, May 27th. UBS Group raised their price target on shares of Semtech from $225.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday. Stifel Nicolaus lifted their price objective on shares of Semtech from $157.00 to $188.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. New Street Research set a $230.00 price objective on shares of Semtech in a research note on Thursday, August 20th. Finally, Benchmark reissued a “buy” rating on shares of Semtech in a research report on Thursday, August 20th. Fifteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $204.71.

Insiders Place Their Bets

In related news, CFO Mark Lin sold 970 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $150.41, for a total transaction of $145,897.70. Following the completion of the transaction, the chief financial officer directly owned 34,896 shares in the company, valued at $5,248,707.36. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 2,264 shares of the company’s stock in a transaction 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 directly owned 8,611 shares in the company, valued at approximately $1,118,568.90. The trade was a 20.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 21,734 shares of company stock worth $3,133,986. Company insiders own 0.44% of the company’s stock.

Key Stories Impacting Semtech

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%

Semtech stock opened at $131.17 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.62 and a current ratio of 1.70. The business’s 50-day simple moving average is $135.08 and its two-hundred day simple moving average is $119.10. The company has a market cap of $12.24 billion, a PE ratio of 86.87 and a beta of 2.35. Semtech Corporation has a fifty-two week low of $55.18 and a fifty-two week high of $177.35.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. Semtech had a return on equity of 21.74% and a net margin of 13.11%.The business had revenue of $341.87 million for the quarter, compared to analyst estimates of $328.67 million. During the same period in the prior year, the company earned $0.41 earnings per share. The company’s revenue was up 32.7% on a year-over-year basis. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Equities analysts anticipate that Semtech Corporation will post 2.63 EPS for the current 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.