6,338 Shares in Semtech Corporation $SMTC Acquired by Keybank National Association OH

Keybank National Association OH purchased a new stake in Semtech Corporation (NASDAQ:SMTC) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 6,338 shares of the semiconductor company’s stock, valued at approximately $453,000.

A number of other large investors also recently made changes to their positions in SMTC. Ameriprise Financial Inc. increased its stake in Semtech by 10.3% in the second quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock valued at $321,040,000 after purchasing an additional 666,456 shares during the last quarter. State Street Corp increased its stake in shares of Semtech by 1.5% during the 2nd quarter. State Street Corp now owns 4,037,107 shares of the semiconductor company’s stock valued at $182,235,000 after acquiring an additional 60,788 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Semtech by 9.8% during the 2nd quarter. Alliancebernstein L.P. now owns 3,318,384 shares of the semiconductor company’s stock worth $149,792,000 after acquiring an additional 294,990 shares during the period. Disciplined Growth Investors Inc. MN boosted its position in shares of Semtech by 4.2% in the second quarter. Disciplined Growth Investors Inc. MN now owns 2,894,536 shares of the semiconductor company’s stock worth $130,659,000 after acquiring an additional 115,921 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in Semtech by 107.8% in the second quarter. Westfield Capital Management Co. LP now owns 2,747,260 shares of the semiconductor company’s stock valued at $124,011,000 after purchasing an additional 1,424,909 shares during the period.

Insider Buying and Selling at Semtech

In other news, Director Saar Gillai sold 3,600 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $75.26, for a total transaction of $270,936.00. Following the completion of the sale, the director directly owned 9,523 shares in the company, valued at $716,700.98. This trade represents a 27.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Michael Wilson sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $75.12, for a total value of $375,600.00. Following the completion of the transaction, the insider owned 60,066 shares in the company, valued at approximately $4,512,157.92. This trade represents a 7.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 16,967 shares of company stock worth $1,316,108. 0.48% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on SMTC. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Semtech in a research note on Monday, December 29th. UBS Group reiterated a “buy” rating on shares of Semtech in a report on Tuesday, November 25th. Susquehanna upped their price target on Semtech from $65.00 to $80.00 and gave the stock a “positive” rating in a research note on Tuesday, November 18th. Morgan Stanley set a $67.00 price objective on Semtech in a research note on Tuesday, November 25th. Finally, Summit Insights raised shares of Semtech from a “hold” rating to a “buy” rating in a research report on Tuesday, November 25th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $79.21.

Semtech Price Performance

Shares of NASDAQ SMTC opened at $83.20 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.43 and a quick ratio of 1.71. Semtech Corporation has a 1-year low of $24.05 and a 1-year high of $90.08. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 268.39 and a beta of 2.01. The business has a 50-day moving average of $77.03 and a 200-day moving average of $67.09.

Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. Semtech had a return on equity of 17.00% and a net margin of 2.77%.The firm had revenue of $266.97 million for the quarter, compared to analyst estimates of $266.36 million. During the same period in the previous year, the company posted $0.26 EPS. Semtech’s revenue for the quarter 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 analysts anticipate that Semtech Corporation will post -0.02 EPS for the current fiscal year.

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.