Hodges Capital Management Inc. Makes New $4.62 Million Investment in Semtech Corporation $SMTC

Hodges Capital Management Inc. acquired a new stake in shares of Semtech Corporation (NASDAQ:SMTC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 64,721 shares of the semiconductor company’s stock, valued at approximately $4,624,000. Hodges Capital Management Inc. owned about 0.07% of Semtech at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SMTC. Jones Financial Companies Lllp increased its holdings in Semtech by 12,214.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock valued at $89,000 after acquiring an additional 2,565 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Semtech by 11.5% in the first quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock worth $323,000 after buying an additional 968 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Semtech by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company’s stock valued at $14,166,000 after buying an additional 22,629 shares during the last quarter. Strs Ohio purchased a new position in Semtech during the 1st quarter valued at approximately $65,000. Finally, Yousif Capital Management LLC grew its holdings in Semtech by 2.8% during the 2nd quarter. Yousif Capital Management LLC now owns 32,475 shares of the semiconductor company’s stock valued at $1,466,000 after buying an additional 894 shares in the last quarter.

Wall Street Analysts Forecast Growth

SMTC has been the subject of a number of research reports. Susquehanna increased their target price on Semtech from $65.00 to $80.00 and gave the company a “positive” rating in a research report on Tuesday, November 18th. UBS Group reiterated a “buy” rating on shares of Semtech in a research report on Tuesday, November 25th. Needham & Company LLC restated a “buy” rating and issued a $80.00 target price on shares of Semtech in a report on Tuesday, November 25th. Wall Street Zen downgraded shares of Semtech from a “strong-buy” rating to a “buy” rating in a report on Monday, January 26th. Finally, Robert W. Baird lifted their price target on Semtech from $70.00 to $88.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.21.

Semtech Price Performance

SMTC stock opened at $87.66 on Wednesday. The stock has a market cap of $8.11 billion, a PE ratio of 282.77 and a beta of 2.01. Semtech Corporation has a 12 month low of $24.05 and a 12 month high of $92.50. The company has a 50-day moving average price of $78.84 and a 200 day moving average price of $69.27. The company has a current ratio of 2.43, a quick ratio of 1.71 and a debt-to-equity ratio of 0.87.

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

Insider Activity at Semtech

In other Semtech news, Director Saar Gillai sold 3,600 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $75.26, for a total value of $270,936.00. Following the transaction, the director owned 9,523 shares of the company’s stock, valued at $716,700.98. This represents a 27.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Asaf Silberstein sold 10,000 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $92.00, for a total value of $920,000.00. Following the completion of the sale, the chief operating officer owned 68,496 shares in the company, valued at approximately $6,301,632. The trade was a 12.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,967 shares of company stock worth $2,236,108 over the last quarter. 0.48% of the stock is 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.