Semtech Corporation $SMTC Stock Position Lowered by Optimize Financial Inc

Optimize Financial Inc decreased its holdings in shares of Semtech Corporation (NASDAQ:SMTC) by 56.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,780 shares of the semiconductor company’s stock after selling 29,300 shares during the quarter. Semtech comprises 0.8% of Optimize Financial Inc’s holdings, making the stock its 8th largest holding. Optimize Financial Inc’s holdings in Semtech were worth $1,628,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Hantz Financial Services Inc. boosted its stake in Semtech by 243.2% during the third quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock worth $36,000 after buying an additional 360 shares during the period. Salomon & Ludwin LLC purchased a new position in shares of Semtech during the 3rd quarter worth approximately $41,000. AlphaQuest LLC increased its holdings in Semtech by 42.5% in the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 173 shares during the last quarter. Jones Financial Companies Lllp raised its position in Semtech by 65.5% in the third quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 235 shares during the period. Finally, Bessemer Group Inc. raised its position in Semtech by 78.4% in the second quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 287 shares during the period.

Insider Activity at Semtech

In other Semtech news, Director Paul V. Walsh, Jr. sold 500 shares of Semtech stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $78.25, for a total transaction of $39,125.00. Following the completion of the sale, the director directly owned 25,279 shares of the company’s stock, valued at $1,978,081.75. The trade was a 1.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory Michael Fischer sold 1,034 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $75.50, for a total value of $78,067.00. Following the completion of the transaction, the director owned 2,857 shares in the company, valued at approximately $215,703.50. The trade was a 26.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,967 shares of company stock worth $1,316,108 over the last three months. Company insiders own 0.48% of the company’s stock.

Semtech Stock Performance

Shares of Semtech stock opened at $87.63 on Wednesday. The business has a 50-day simple moving average of $76.66 and a 200-day simple moving average of $66.87. The company has a market cap of $8.11 billion, a PE ratio of 282.68 and a beta of 2.01. Semtech Corporation has a one year low of $24.05 and a one year high of $90.04. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings results on Monday, November 24th. The semiconductor company reported $0.48 earnings per share (EPS) 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 company had revenue of $266.97 million during the quarter, compared to the consensus estimate of $266.36 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The firm’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. On average, equities research analysts forecast that Semtech Corporation will post -0.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on SMTC. Weiss Ratings restated a “hold (c-)” rating on shares of Semtech in a research report on Monday, December 29th. Robert W. Baird increased their target price on Semtech from $70.00 to $88.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Morgan Stanley set a $67.00 target price on Semtech in a research report on Tuesday, November 25th. Susquehanna boosted their price target on shares of Semtech from $65.00 to $80.00 and gave the stock a “positive” rating in a research note on Tuesday, November 18th. Finally, Stifel Nicolaus lifted their price objective on shares of Semtech from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, January 16th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $79.21.

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.