SG Americas Securities LLC Acquires 48,175 Shares of Semtech Corporation $SMTC

SG Americas Securities LLC increased its holdings in shares of Semtech Corporation (NASDAQ:SMTC) by 304.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 63,991 shares of the semiconductor company’s stock after purchasing an additional 48,175 shares during the quarter. SG Americas Securities LLC owned 0.07% of Semtech worth $4,572,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Westfield Capital Management Co. LP boosted its holdings in shares of Semtech by 107.8% in the second quarter. Westfield Capital Management Co. LP now owns 2,747,260 shares of the semiconductor company’s stock valued at $124,011,000 after buying an additional 1,424,909 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Semtech by 10.3% during the second quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock worth $321,040,000 after acquiring an additional 666,456 shares during the period. Atreides Management LP bought a new stake in Semtech in the 2nd quarter valued at $29,880,000. Hood River Capital Management LLC boosted its stake in Semtech by 36.0% in the 2nd quarter. Hood River Capital Management LLC now owns 2,244,631 shares of the semiconductor company’s stock worth $101,323,000 after purchasing an additional 594,529 shares during the period. Finally, Cooper Creek Partners Management LLC increased its holdings in Semtech by 547.5% during the 2nd quarter. Cooper Creek Partners Management LLC now owns 448,657 shares of the semiconductor company’s stock worth $20,252,000 after purchasing an additional 379,363 shares in the last quarter.

Insider Activity

In other Semtech news, Director Paul V. Walsh, Jr. sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $71.61, for a total value of $35,805.00. Following the sale, the director owned 25,779 shares in the company, valued at $1,846,034.19. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark Lin sold 1,333 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $76.20, for a total value of $101,574.60. Following the completion of the sale, the chief financial officer directly owned 18,477 shares of the company’s stock, valued at approximately $1,407,947.40. The trade was a 6.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 5,933 shares of company stock valued at $441,436. 0.48% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SMTC shares. Robert W. Baird boosted their price target on Semtech from $70.00 to $88.00 and gave the company an “outperform” rating in a report on Tuesday, November 25th. B. Riley upped their price target on Semtech from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. UBS Group reaffirmed a “buy” rating on shares of Semtech in a research note on Tuesday, November 25th. Morgan Stanley set a $67.00 price objective on shares of Semtech in a research report on Tuesday, November 25th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $95.00 target price (up previously from $70.00) on shares of Semtech in a research report on Thursday, December 11th. Fifteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Semtech currently has an average rating of “Moderate Buy” and a consensus target price of $78.50.

Semtech Trading Up 7.8%

Shares of Semtech stock opened at $77.79 on Monday. The stock has a market cap of $7.20 billion, a P/E ratio of 250.94 and a beta of 2.01. The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.87. Semtech Corporation has a 12-month low of $24.05 and a 12-month high of $81.32. The business’s 50 day moving average is $72.54 and its 200-day moving average is $62.89.

Semtech (NASDAQ:SMTC) last issued its earnings results on Monday, November 24th. The semiconductor company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The business had revenue of $266.97 million for the quarter, compared to the consensus estimate of $266.36 million. During the same period in the previous year, the company earned $0.26 earnings per share. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. Equities research analysts predict that Semtech Corporation will post -0.02 earnings per share for the current fiscal year.

Semtech 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.