Lisanti Capital Growth LLC Buys Shares of 60,440 Semtech Corporation $SMTC

Lisanti Capital Growth LLC purchased a new position in shares of Semtech Corporation (NASDAQ:SMTC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 60,440 shares of the semiconductor company’s stock, valued at approximately $4,318,000. Lisanti Capital Growth LLC owned about 0.07% of Semtech as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Bessemer Group Inc. raised its position 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 acquiring an additional 287 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Semtech during the 2nd quarter worth approximately $33,000. Salomon & Ludwin LLC purchased a new position in shares of Semtech during the 3rd quarter worth approximately $41,000. AlphaQuest LLC raised its position in shares of Semtech by 42.5% during the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 173 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Semtech by 24.1% in the 2nd 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 in the last quarter.

Analysts Set New Price Targets

SMTC has been the subject of several recent research reports. Morgan Stanley set a $67.00 price target on Semtech in a research report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Semtech in a research note on Monday, December 29th. UBS Group reiterated a “buy” rating on shares of Semtech in a research report on Tuesday, November 25th. Piper Sandler restated an “overweight” rating and issued a $95.00 target price (up from $70.00) on shares of Semtech in a report on Thursday, December 11th. Finally, Oppenheimer reiterated an “outperform” rating and set a $81.00 price target on shares of Semtech in a report on Tuesday, November 25th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.21.

Semtech Stock Performance

NASDAQ SMTC opened at $79.75 on Friday. The company has a current ratio of 2.43, a quick ratio of 1.71 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $7.38 billion, a PE ratio of 257.26 and a beta of 2.01. The business’s 50-day moving average price is $75.99 and its 200 day moving average price is $66.12. Semtech Corporation has a twelve month low of $24.05 and a twelve month high of $85.44.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings data on Monday, November 24th. The semiconductor company reported $0.48 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $266.36 million. During the same period in the prior year, the firm posted $0.26 EPS. The company’s revenue was up 12.8% on a year-over-year basis. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. On average, research analysts predict that Semtech Corporation will post -0.02 earnings per share for the current year.

Insider Activity at Semtech

In related news, Director Gregory Michael Fischer sold 1,034 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $75.50, for a total value of $78,067.00. Following the transaction, the director directly owned 2,857 shares of the company’s stock, valued at approximately $215,703.50. This trade represents a 26.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Michael Wilson sold 5,000 shares of Semtech stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $75.12, for a total value of $375,600.00. Following the completion of the transaction, the insider owned 60,066 shares in the company, valued at $4,512,157.92. The trade was a 7.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,967 shares of company stock valued at $1,316,108 over the last 90 days. 0.48% of the stock is currently owned by insiders.

About Semtech

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.