Semtech Corporation $SMTC Position Boosted by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. raised its holdings in shares of Semtech Corporation (NASDAQ:SMTC) by 20.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,906 shares of the semiconductor company’s stock after buying an additional 1,495 shares during the period. Ameritas Investment Partners Inc.’s holdings in Semtech were worth $402,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SMTC. Bessemer Group Inc. lifted its position in shares of Semtech by 78.4% during the 2nd quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 287 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Semtech during the second quarter valued at $33,000. Smartleaf Asset Management LLC lifted its holdings in shares of Semtech by 33.4% during the first quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 257 shares during the last quarter. Strs Ohio acquired a new position in shares of Semtech in the 1st quarter valued at $65,000. Finally, Jones Financial Companies Lllp increased its stake in Semtech by 12,214.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock worth $89,000 after purchasing an additional 2,565 shares in the last quarter.

Insider Buying and Selling

In related news, CFO Mark Lin sold 971 shares of the firm’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $72.83, for a total value of $70,717.93. Following the transaction, the chief financial officer directly owned 17,844 shares in the company, valued at approximately $1,299,578.52. This trade represents a 5.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Martin Burvill sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $62.75, for a total value of $219,625.00. Following the completion of the sale, the director directly owned 6,909 shares in the company, valued at approximately $433,539.75. This represents a 33.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 4,971 shares of company stock valued at $323,463. Company insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Benchmark raised their price objective on shares of Semtech from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday. Needham & Company LLC restated a “buy” rating and issued a $80.00 target price on shares of Semtech in a report on Tuesday. Wall Street Zen raised Semtech from a “buy” rating to a “strong-buy” rating in a research report on Friday. TD Cowen assumed coverage on Semtech in a report on Wednesday, October 1st. They set a “buy” rating and a $75.00 price target on the stock. Finally, Summit Insights raised shares of Semtech from a “hold” rating to a “buy” rating in a research report on Tuesday, November 25th. Fifteen 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, Semtech currently has a consensus rating of “Moderate Buy” and an average price target of $76.71.

Semtech Stock Up 1.0%

Semtech stock opened at $74.18 on Friday. The company has a current ratio of 2.53, a quick ratio of 1.78 and a debt-to-equity ratio of 0.94. Semtech Corporation has a 1-year low of $24.05 and a 1-year high of $79.52. The firm’s fifty day simple moving average is $68.09 and its 200-day simple moving average is $55.30. The company has a market capitalization of $6.44 billion, a P/E ratio of 309.06 and a beta of 2.03.

Semtech (NASDAQ:SMTC) last posted its earnings results on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $266.97 million for the quarter, compared to the consensus estimate of $266.36 million. Semtech had a net margin of 2.38% and a return on equity of 18.28%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. Sell-side analysts forecast that Semtech Corporation will post -0.02 earnings per share for the current fiscal year.

Semtech 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.