Katamaran Capital LLP Takes Position in Semtech Corporation $SMTC

Katamaran Capital LLP purchased a new position in shares of Semtech Corporation (NASDAQ:SMTC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 43,345 shares of the semiconductor company’s stock, valued at approximately $3,097,000. Semtech accounts for approximately 2.8% of Katamaran Capital LLP’s holdings, making the stock its 16th largest holding.

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

Insiders Place Their Bets

In other Semtech news, Director Paul V. Walsh, Jr. sold 500 shares of the stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $78.25, for a total value of $39,125.00. Following the completion of the sale, the director owned 25,279 shares of the company’s stock, valued at $1,978,081.75. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Asaf Silberstein sold 5,000 shares of Semtech stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $83.00, for a total transaction of $415,000.00. Following the completion of the sale, the chief operating officer owned 88,496 shares of the company’s stock, valued at approximately $7,345,168. This trade represents a 5.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 16,967 shares of company stock valued at $1,316,108. Company insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on SMTC. Roth Mkm increased their price target on Semtech from $65.00 to $77.00 and gave the stock a “buy” rating in a 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. B. Riley Financial raised their price objective on shares of Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Benchmark lifted their price objective on Semtech from $76.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Finally, Morgan Stanley set a $67.00 target price on Semtech in a research note on Tuesday, November 25th. Fourteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.21.

Semtech Stock Performance

Shares of SMTC stock opened at $88.75 on Tuesday. The stock has a fifty day moving average price of $77.61 and a 200 day moving average price of $67.80. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43. The stock has a market cap of $8.21 billion, a PE ratio of 286.29 and a beta of 2.01. Semtech Corporation has a 1 year low of $24.05 and a 1 year high of $92.34.

Semtech (NASDAQ:SMTC) last announced its earnings results on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $266.97 million for the quarter, compared to analysts’ expectations of $266.36 million. Semtech had a return on equity of 17.00% and a net margin of 2.77%.Semtech’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. 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 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.