Barclays PLC Acquires 135,390 Shares of Semtech Corporation $SMTC

Barclays PLC boosted its holdings in shares of Semtech Corporation (NASDAQ:SMTC) by 36.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 502,162 shares of the semiconductor company’s stock after purchasing an additional 135,390 shares during the period. Barclays PLC owned about 0.58% of Semtech worth $35,879,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SMTC. Hantz Financial Services Inc. raised its holdings in shares of Semtech by 243.2% during the third 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 in the last quarter. Salomon & Ludwin LLC bought a new stake in Semtech in the third quarter valued at $41,000. AlphaQuest LLC increased its position in Semtech by 42.5% during 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 period. Jones Financial Companies Lllp increased its position in Semtech by 65.5% during the 3rd 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, Assetmark Inc. raised its holdings in Semtech by 1,745.5% in the 3rd quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 576 shares in the last quarter.

Semtech Trading Up 2.9%

NASDAQ:SMTC opened at $87.58 on Wednesday. Semtech Corporation has a one year low of $24.05 and a one year high of $96.46. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.43 and a quick ratio of 1.71. The company’s 50-day simple moving average is $83.05 and its 200 day simple moving average is $73.27. The firm has a market capitalization of $8.10 billion, a P/E ratio of 282.52 and a beta of 1.99.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Semtech from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Semtech in a research note on Monday, December 29th. B. Riley Financial raised their price objective on shares of Semtech from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Benchmark upped their target price on Semtech from $85.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Finally, Morgan Stanley set a $67.00 target price on Semtech in a research report on Tuesday, November 25th. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Semtech has a consensus rating of “Moderate Buy” and a consensus price target of $84.14.

Insider Transactions at Semtech

In related news, COO Asaf Silberstein sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $92.00, for a total transaction of $920,000.00. Following the completion of the transaction, the chief operating officer owned 68,496 shares of the company’s stock, valued at $6,301,632. This trade represents a 12.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul V. Walsh, Jr. sold 500 shares of the business’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $78.25, for a total value of $39,125.00. Following the completion of the sale, the director directly owned 25,279 shares in the company, valued at $1,978,081.75. This trade represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 33,549 shares of company stock worth $2,787,350. Company insiders own 0.48% of the company’s stock.

Trending Headlines about Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: New product: Semtech launched the FX86E 5G RedCap modem targeting industrial IoT — a plug-and-play modem that supports 5G RedCap, 4G/LTE and public/private networks and could expand addressable module and connectivity revenue. Semtech Launches 5G RedCap Modem for Industrial IoT
• Positive Sentiment: AI/video partnership: Semtech partnered with Digital Barriers to deliver an integrated device-to-cloud AI-powered video-compression solution for cellular surveillance — a turnkey offering that can drive module sales and recurring connectivity/service revenue. Semtech Partners with Digital Barriers to Launch AI-Powered Video Compression
• Positive Sentiment: Analyst upgrades: Multiple firms have raised price targets (e.g., Susquehanna and Oppenheimer moving targets toward $100), signaling renewed analyst conviction and giving the stock visible upside from current levels. Benzinga
• Positive Sentiment: Wall Street narrative: Media coverage is grouping Semtech with AI-infrastructure beneficiaries, highlighting its data-center and AI exposure — a thematic tailwind that can attract momentum and re-rating if growth continues. Micron, Oracle and Semtech Are Getting Fresh Wall Street Attention as AI Infrastructure Demand Surges
• Neutral Sentiment: Technical & valuation context: SMTC is trading above its 50- and 200-day moving averages and shows strong institutional ownership, but carries a high P/E that prices in growth — positive for momentum, but increases sensitivity to execution and macro risks.
• Negative Sentiment: Insider selling: CFO Mark Lin sold 6,582 shares (disclosed in an SEC Form 4), reducing his stake by ~23%, which some investors interpret as a cautionary signal despite the company’s positive newsflow. SEC Form 4

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.