Cooper Creek Partners Management LLC Raises Position in Semtech Corporation $SMTC

Cooper Creek Partners Management LLC lifted its stake in shares of Semtech Corporation (NASDAQ:SMTC) by 547.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 448,657 shares of the semiconductor company’s stock after buying an additional 379,363 shares during the period. Cooper Creek Partners Management LLC owned about 0.52% of Semtech worth $20,252,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SMTC. Bessemer Group Inc. lifted its stake in Semtech by 78.4% during the 2nd quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 287 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Semtech in the second quarter valued at about $33,000. Smartleaf Asset Management LLC lifted its position in shares of Semtech by 33.4% during the first quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 257 shares in the last quarter. Strs Ohio purchased a new position in Semtech during the first quarter worth about $65,000. Finally, Jones Financial Companies Lllp grew its position 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 worth $89,000 after purchasing an additional 2,565 shares in the last quarter.

Semtech Stock Performance

Shares of SMTC opened at $79.61 on Friday. Semtech Corporation has a 1 year low of $24.05 and a 1 year high of $80.71. 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 stock’s fifty day moving average price is $69.47 and its two-hundred day moving average price is $56.54. The firm has a market cap of $7.37 billion, a PE ratio of 256.81 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, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $266.97 million during the quarter, compared to analyst estimates of $266.36 million. Semtech had a return on equity of 17.00% and a net margin of 2.77%.The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. On average, equities research analysts forecast that Semtech Corporation will post -0.02 EPS for the current year.

Insider Activity

In related news, Director Martin Burvill sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $62.75, for a total transaction of $219,625.00. Following the sale, the director directly owned 6,909 shares in the company, valued at approximately $433,539.75. This represents a 33.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul V. Walsh, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $66.24, for a total transaction of $33,120.00. Following the completion of the transaction, the director directly owned 26,779 shares of the company’s stock, valued at approximately $1,773,840.96. This trade represents a 1.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,971 shares of company stock valued at $323,463 over the last quarter. Company insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SMTC. Robert W. Baird boosted their target price on Semtech from $70.00 to $88.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Craig Hallum lifted their price target on Semtech from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Needham & Company LLC restated a “buy” rating and issued a $80.00 price objective on shares of Semtech in a research note on Tuesday, November 25th. UBS Group reaffirmed a “buy” rating on shares of Semtech in a research report on Tuesday, November 25th. Finally, Northland Securities boosted their price target on shares of Semtech from $48.00 to $53.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $76.71.

Semtech Company Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.