Andar Capital Management HK Ltd Sells 60,000 Shares of Semtech Corporation $SMTC

Andar Capital Management HK Ltd trimmed its holdings in shares of Semtech Corporation (NASDAQ:SMTC) by 37.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,000 shares of the semiconductor company’s stock after selling 60,000 shares during the period. Semtech accounts for about 7.2% of Andar Capital Management HK Ltd’s holdings, making the stock its 6th largest holding. Andar Capital Management HK Ltd owned about 0.12% of Semtech worth $7,145,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SMTC. Westfield Capital Management Co. LP increased its position in Semtech by 107.8% during the second quarter. Westfield Capital Management Co. LP now owns 2,747,260 shares of the semiconductor company’s stock worth $124,011,000 after buying an additional 1,424,909 shares during the period. Ameriprise Financial Inc. grew its position in shares of Semtech by 10.3% during the second quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock worth $321,040,000 after acquiring an additional 666,456 shares during the last quarter. Atreides Management LP acquired a new position in shares of Semtech in the 2nd quarter valued at $29,880,000. Hood River Capital Management LLC raised its position in Semtech by 36.0% in the 2nd quarter. Hood River Capital Management LLC now owns 2,244,631 shares of the semiconductor company’s stock valued at $101,323,000 after purchasing an additional 594,529 shares during the last quarter. Finally, Emerald Advisers LLC acquired a new stake in Semtech during the 3rd quarter worth $29,944,000.

Semtech Stock Performance

Semtech stock opened at $87.11 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 12-month low of $24.05 and a 12-month high of $92.50. The firm’s fifty day moving average price is $78.54 and its 200 day moving average price is $68.65. The company has a market capitalization of $8.06 billion, a price-to-earnings ratio of 281.00 and a beta of 2.01.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SMTC. Oppenheimer reiterated an “outperform” rating and issued a $81.00 price objective on shares of Semtech in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Semtech in a research note on Monday, December 29th. Morgan Stanley set a $67.00 price objective on Semtech in a report on Tuesday, November 25th. Wall Street Zen cut Semtech from a “strong-buy” rating to a “buy” rating in a report on Monday, January 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $80.00 price objective on shares of Semtech in a research report on Tuesday, November 25th. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.21.

Insider Activity at Semtech

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

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.