SG Americas Securities LLC Has $4.57 Million Position in Semtech Corporation $SMTC

SG Americas Securities LLC lifted its stake in shares of Semtech Corporation (NASDAQ:SMTC) by 304.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 63,991 shares of the semiconductor company’s stock after buying an additional 48,175 shares during the quarter. SG Americas Securities LLC’s holdings in Semtech were worth $4,572,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Piper Sandler reissued an “overweight” rating and set a $95.00 target price (up previously from $70.00) on shares of Semtech in a report on Thursday, December 11th. TD Cowen assumed coverage on shares of Semtech in a research note on Wednesday, October 1st. They issued a “buy” rating and a $75.00 price objective for the company. Roth Capital boosted their price objective on shares of Semtech from $65.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Summit Insights raised shares of Semtech from a “hold” rating to a “buy” rating in a report on Tuesday, November 25th. Finally, Benchmark boosted their price target on Semtech from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Fifteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

Insider Buying and Selling

In other news, Director Saar Gillai sold 3,600 shares of the stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $75.26, for a total value of $270,936.00. Following the completion of the transaction, the director owned 9,523 shares of the company’s stock, valued at approximately $716,700.98. This represents a 27.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Lin sold 1,333 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $76.20, for a total transaction of $101,574.60. Following the completion of the sale, the chief financial officer owned 18,477 shares in the company, valued at approximately $1,407,947.40. The trade was a 6.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,933 shares of company stock worth $441,436 in the last ninety days. 0.48% of the stock is owned by insiders.

Semtech Stock Performance

Shares of Semtech stock opened at $77.79 on Monday. The company has a current ratio of 2.43, a quick ratio of 1.71 and a debt-to-equity ratio of 0.87. The company has a market cap of $7.20 billion, a PE ratio of 250.94 and a beta of 2.01. The company has a 50 day moving average of $72.54 and a 200-day moving average of $62.89. Semtech Corporation has a 1-year low of $24.05 and a 1-year high of $81.32.

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

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.