Semtech Corporation $SMTC Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC cut its holdings in Semtech Corporation (NASDAQ:SMTC) by 70.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,001 shares of the semiconductor company’s stock after selling 17,068 shares during the quarter. Fisher Asset Management LLC’s holdings in Semtech were worth $516,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp boosted its position in Semtech by 12,214.3% during the first quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock worth $89,000 after acquiring an additional 2,565 shares during the last quarter. Empowered Funds LLC boosted its position in Semtech by 11.5% during the first quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock worth $323,000 after acquiring an additional 968 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Semtech by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company’s stock worth $14,166,000 after acquiring an additional 22,629 shares during the last quarter. Strs Ohio acquired a new stake in Semtech during the first quarter worth approximately $65,000. Finally, Cetera Investment Advisers acquired a new stake in Semtech during the second quarter worth approximately $226,000.

Insider Buying and Selling

In other news, Director Martin Burvill sold 2,500 shares of the stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $88.98, for a total value of $222,450.00. Following the completion of the sale, the director owned 4,409 shares of the company’s stock, valued at $392,312.82. This represents a 36.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul V. Walsh, Jr. sold 500 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $138.21, for a total transaction of $69,105.00. Following the completion of the sale, the director directly owned 23,279 shares of the company’s stock, valued at $3,217,390.59. The trade was a 2.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 36,884 shares of company stock valued at $3,069,245. 0.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SMTC has been the topic of a number of analyst reports. Roth Mkm raised their target price on shares of Semtech from $102.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday. Craig Hallum raised their target price on shares of Semtech from $105.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday. Northland Securities lowered shares of Semtech from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 26th. Citigroup downgraded shares of Semtech from a “buy” rating to a “market perform” rating in a research note on Tuesday, May 26th. Finally, Oppenheimer set a $200.00 price target on shares of Semtech in a research note on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Semtech has an average rating of “Moderate Buy” and a consensus target price of $179.73.

Semtech Price Performance

Semtech stock opened at $152.54 on Monday. Semtech Corporation has a 52-week low of $34.59 and a 52-week high of $172.35. The firm has a fifty day moving average of $108.74 and a 200-day moving average of $89.40. The firm has a market capitalization of $14.21 billion, a P/E ratio of -391.13 and a beta of 2.32. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86.

Semtech (NASDAQ:SMTC) last released its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.06. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. The company had revenue of $291.00 million during the quarter, compared to analyst estimates of $283.53 million. During the same quarter in the prior year, the business earned $0.38 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. As a group, analysts predict that Semtech Corporation will post 1.6 EPS for the current year.

Key Semtech News

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Craig-Hallum reiterated a Buy rating on Semtech, adding to a generally constructive analyst backdrop after the company’s recent earnings beat and upbeat outlook.
• Positive Sentiment: Several other analysts recently raised or reiterated bullish price targets, with the latest cluster of targets still sitting well above the current trading range, reflecting confidence in Semtech’s data center connectivity and IoT momentum.
• Positive Sentiment: Recent coverage highlighted Semtech as an AI infrastructure and networking beneficiary, which can support the stock when sentiment around semis and AI hardware is strong.
• Neutral Sentiment: The company’s latest earnings update was solid, with revenue and EPS beating expectations, but that also created a “sell-the-news” setup after a sharp rally into the print.
• Neutral Sentiment: There were also signs of mixed positioning: some institutions added shares while others trimmed large stakes, which can add to volatility without pointing clearly in one direction.
• Negative Sentiment: Northland downgraded Semtech to Market Perform from Outperform, citing valuation concerns and higher near-term risk for semiconductor names, including possible supply-chain disruption and softer AI infrastructure spending. Article title
• Negative Sentiment: Recent insider selling and a new disclosed regulatory risk tied to unregistered securities sales may be weighing on investor confidence and reinforcing the pullback. Article title

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.