Lisanti Capital Growth LLC Invests $4.32 Million in Semtech Corporation $SMTC

Lisanti Capital Growth LLC bought a new position in shares of Semtech Corporation (NASDAQ:SMTC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 60,440 shares of the semiconductor company’s stock, valued at approximately $4,318,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SMTC. Westfield Capital Management Co. LP grew its stake 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. lifted its holdings in shares of Semtech by 10.3% during 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 in the last quarter. Atreides Management LP purchased a new stake in Semtech during the 2nd quarter worth $29,880,000. Hood River Capital Management LLC boosted its position in Semtech by 36.0% during the 2nd quarter. Hood River Capital Management LLC now owns 2,244,631 shares of the semiconductor company’s stock worth $101,323,000 after purchasing an additional 594,529 shares during the period. Finally, Emerald Advisers LLC acquired a new stake in Semtech in the 3rd quarter valued at $29,944,000.

Analysts Set New Price Targets

A number of research analysts have commented on SMTC shares. B. Riley boosted their price objective on Semtech from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Oppenheimer reiterated an “outperform” rating and set a $81.00 target price on shares of Semtech in a report on Tuesday, November 25th. Benchmark upped their price target on Semtech from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. UBS Group reaffirmed a “buy” rating on shares of Semtech in a research report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Semtech in a research note on Monday, December 29th. Fourteen 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 has an average rating of “Moderate Buy” and a consensus price target of $79.21.

Insiders Place Their Bets

In other news, COO Asaf Silberstein sold 5,000 shares of Semtech stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $83.00, for a total value of $415,000.00. Following the completion of the transaction, the chief operating officer owned 88,496 shares in the company, valued at approximately $7,345,168. This trade represents a 5.35% decrease in their position. The sale 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 business’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 value of $101,574.60. Following the completion of the sale, the chief financial officer owned 18,477 shares of the company’s stock, valued at $1,407,947.40. This trade represents a 6.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 16,967 shares of company stock valued at $1,316,108. 0.48% of the stock is owned by company insiders.

Semtech Stock Down 2.7%

Shares of NASDAQ:SMTC opened at $79.75 on Friday. The firm has a market cap of $7.38 billion, a PE ratio of 257.26 and a beta of 2.01. The company has a fifty day simple moving average of $75.99 and a 200 day simple moving average of $66.12. The company has a current ratio of 2.43, a quick ratio of 1.71 and a debt-to-equity ratio of 0.87. Semtech Corporation has a 12-month low of $24.05 and a 12-month high of $85.44.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $266.97 million for 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 firm’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior 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 anticipate that Semtech Corporation will post -0.02 EPS for the current fiscal year.

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.