Russell Investments Group Ltd. Sells 113,204 Shares of Semtech Corporation $SMTC

Russell Investments Group Ltd. cut its holdings in Semtech Corporation (NASDAQ:SMTC) by 55.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,492 shares of the semiconductor company’s stock after selling 113,204 shares during the period. Russell Investments Group Ltd. owned about 0.11% of Semtech worth $3,147,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SMTC. Dunhill Financial LLC acquired a new stake in Semtech in the 4th quarter valued at $31,000. NBC Securities Inc. increased its position in shares of Semtech by 104,700.0% in the first quarter. NBC Securities Inc. now owns 1,048 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 1,047 shares during the last quarter. Versant Capital Management Inc raised its holdings in Semtech by 58.5% during the first quarter. Versant Capital Management Inc now owns 1,498 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 553 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Semtech by 328.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,507 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 1,155 shares in the last quarter. Finally, Archer Investment Corp acquired a new position in Semtech during the first quarter valued at approximately $64,000.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $68.00 price target on shares of Semtech in a research report on Wednesday, May 28th. Needham & Company LLC reissued a “buy” rating and issued a $54.00 target price on shares of Semtech in a research note on Wednesday, May 28th. Stifel Nicolaus boosted their target price on shares of Semtech from $45.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Morgan Stanley set a $43.00 price target on shares of Semtech in a research report on Wednesday, May 28th. Finally, UBS Group cut their price target on shares of Semtech from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, May 5th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.58.

Insider Activity at Semtech

In related news, CFO Mark Lin sold 999 shares of Semtech stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $43.84, for a total transaction of $43,796.16. Following the completion of the sale, the chief financial officer directly owned 17,211 shares of the company’s stock, valued at approximately $754,530.24. This trade represents a 5.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Asaf Silberstein sold 2,000 shares of the company’s stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $42.98, for a total value of $85,960.00. Following the completion of the transaction, the chief operating officer directly owned 105,996 shares in the company, valued at approximately $4,555,708.08. This represents a 1.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Semtech Trading Up 3.4%

SMTC stock opened at $51.09 on Friday. Semtech Corporation has a one year low of $24.05 and a one year high of $79.52. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of -24.80 and a beta of 1.94. The company has a fifty day moving average price of $48.26 and a two-hundred day moving average price of $39.95. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 1.81.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings data on Tuesday, May 27th. The semiconductor company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.10. The company had revenue of $251.10 million for the quarter, compared to analyst estimates of $249.79 million. Semtech had a negative net margin of 12.52% and a positive return on equity of 19.66%. The company’s revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share. Semtech has set its Q2 2026 guidance at 0.370-0.43 EPS. Equities analysts anticipate that Semtech Corporation will post -0.02 EPS for the current year.

Semtech Company Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.