Semtech Corporation $SMTC Shares Acquired by Caxton Associates LLP

Caxton Associates LLP boosted its position in Semtech Corporation (NASDAQ:SMTC) by 91.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 13,233 shares of the semiconductor company’s stock after acquiring an additional 6,315 shares during the period. Caxton Associates LLP’s holdings in Semtech were worth $1,017,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new stake in shares of Semtech in the first quarter valued at $33,000. IFP Advisors Inc purchased a new position in Semtech during the fourth quarter worth about $53,000. Smartleaf Asset Management LLC boosted 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 worth $57,000 after buying an additional 247 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Semtech in the fourth quarter worth approximately $60,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of Semtech by 1,215.4% in the 3rd quarter. NewEdge Advisors LLC now owns 855 shares of the semiconductor company’s stock valued at $61,000 after purchasing an additional 790 shares during the last quarter.

Semtech Stock Performance

NASDAQ:SMTC opened at $125.92 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.37 and a quick ratio of 1.62. The firm has a 50-day moving average of $149.03 and a two-hundred day moving average of $110.78. The stock has a market cap of $11.73 billion, a P/E ratio of -322.87 and a beta of 2.31. Semtech Corporation has a 1-year low of $46.02 and a 1-year high of $177.35.

Semtech (NASDAQ:SMTC) last announced its earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The business had revenue of $291.02 million for the quarter, compared to analyst estimates of $283.53 million. During the same period in the previous year, the company earned $0.38 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. On average, research analysts expect that Semtech Corporation will post 1.81 earnings per share for the current fiscal year.

Insider Activity at Semtech

In other news, Director Paul V. Walsh, Jr. sold 500 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $164.99, for a total transaction of $82,495.00. Following the transaction, the director owned 28,100 shares of the company’s stock, valued at approximately $4,636,219. This trade represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Asaf Silberstein sold 8,500 shares of Semtech stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $127.80, for a total transaction of $1,086,300.00. Following the completion of the transaction, the chief operating officer directly owned 96,862 shares of the company’s stock, valued at approximately $12,378,963.60. This represents a 8.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 22,234 shares of company stock worth $3,203,091 over the last ninety days. Company insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. B. Riley Financial boosted their price objective on shares of Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Morgan Stanley raised their target price on shares of Semtech from $155.00 to $175.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. Needham & Company LLC restated a “buy” rating and set a $200.00 target price on shares of Semtech in a report on Monday, July 13th. Susquehanna upped their price target on shares of Semtech from $170.00 to $200.00 and gave the stock a “positive” rating in a research report on Wednesday, May 27th. Finally, Oppenheimer set a $200.00 price target on Semtech in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $189.07.

Semtech Company 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.