Emerald Advisers LLC Buys Shares of 419,094 Semtech Corporation $SMTC

Emerald Advisers LLC purchased a new position in Semtech Corporation (NASDAQ:SMTC) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 419,094 shares of the semiconductor company’s stock, valued at approximately $29,944,000. Emerald Advisers LLC owned 0.48% of Semtech at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SMTC. Bessemer Group Inc. raised its holdings in Semtech by 78.4% during the second quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 287 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Semtech during the 2nd quarter valued at $33,000. Salomon & Ludwin LLC bought a new stake in shares of Semtech in the 3rd quarter worth $41,000. Smartleaf Asset Management LLC lifted its holdings in shares of Semtech by 24.1% in the second quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the semiconductor company’s stock valued at $57,000 after buying an additional 247 shares during the period. Finally, First Horizon Corp bought a new position in Semtech during the third quarter valued at about $61,000.

Insider Buying and Selling

In other news, Director Gregory Michael Fischer sold 1,034 shares of the business’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $75.50, for a total transaction of $78,067.00. Following the transaction, the director directly owned 2,857 shares in the company, valued at $215,703.50. The trade was a 26.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Michael Wilson sold 5,000 shares of the company’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $75.12, for a total transaction of $375,600.00. Following the completion of the transaction, the insider directly owned 60,066 shares in the company, valued at $4,512,157.92. This trade represents a 7.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 11,467 shares of company stock worth $861,983. Insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on SMTC. UBS Group reiterated a “buy” rating on shares of Semtech in a research report on Tuesday, November 25th. Robert W. Baird lifted their price objective on shares of Semtech from $70.00 to $88.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Roth Mkm boosted their target price on shares of Semtech from $65.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Stifel Nicolaus raised their target price on shares of Semtech from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Finally, Piper Sandler restated an “overweight” rating and issued a $95.00 price target (up previously from $70.00) on shares of Semtech in a research report on Thursday, December 11th. Fourteen equities 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.21.

Semtech Price Performance

SMTC opened at $80.17 on Thursday. The firm has a market capitalization of $7.42 billion, a P/E ratio of 258.61 and a beta of 2.01. The stock has a fifty day moving average of $73.73 and a 200-day moving average of $64.59. 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 $81.39.

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