Andar Capital Management HK Ltd Has $15.07 Million Stock Position in Semtech Corporation $SMTC

Andar Capital Management HK Ltd boosted its position in Semtech Corporation (NASDAQ:SMTC) by 3.4% in the first quarter, HoldingsChannel.com reports. The firm owned 196,000 shares of the semiconductor company’s stock after purchasing an additional 6,475 shares during the quarter. Semtech comprises approximately 12.9% of Andar Capital Management HK Ltd’s investment portfolio, making the stock its 3rd biggest holding. Andar Capital Management HK Ltd’s holdings in Semtech were worth $15,070,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Banque Cantonale Vaudoise bought a new stake in Semtech in the first quarter worth about $33,000. IFP Advisors Inc bought a new stake in shares of Semtech in the 4th quarter worth approximately $53,000. Sound Income Strategies LLC acquired a new stake in Semtech during the fourth quarter valued at approximately $60,000. NewEdge Advisors LLC lifted its stake in Semtech by 1,215.4% during the third quarter. NewEdge Advisors LLC now owns 855 shares of the semiconductor company’s stock valued at $61,000 after purchasing an additional 790 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in Semtech by 90.0% during the fourth quarter. Hantz Financial Services Inc. now owns 965 shares of the semiconductor company’s stock worth $71,000 after buying an additional 457 shares in the last quarter.

Semtech Price Performance

Shares of NASDAQ:SMTC opened at $125.88 on Tuesday. The company’s fifty day moving average is $149.26 and its two-hundred day moving average is $109.07. 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 Corporation has a 12-month low of $46.02 and a 12-month high of $177.35. The company has a market cap of $11.73 billion, a P/E ratio of -322.77 and a beta of 2.31.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The business had revenue of $291.02 million for the quarter, compared to the consensus estimate of $283.53 million. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.Semtech’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 earnings per share. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Equities analysts expect that Semtech Corporation will post 1.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Semtech news, CEO Hong Q. Hou sold 2,000 shares of the stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $133.00, for a total value of $266,000.00. Following the completion of the sale, the chief executive officer owned 64,799 shares in the company, valued at $8,618,267. This represents a 2.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Asaf Silberstein sold 8,500 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $127.80, for a total transaction of $1,086,300.00. Following the transaction, the chief operating officer owned 96,862 shares in the company, valued at approximately $12,378,963.60. This represents a 8.07% decrease in their ownership of the stock. 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 quarter, insiders have sold 22,734 shares of company stock worth $3,256,056. Insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on SMTC. Morgan Stanley upped their price target on Semtech from $155.00 to $175.00 and gave the company an “equal weight” rating in a report on Wednesday, May 27th. Susquehanna raised their price objective on Semtech from $170.00 to $200.00 and gave the stock a “positive” rating in a research note on Wednesday, May 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Semtech in a report on Thursday, June 18th. Stifel Nicolaus boosted their target price on Semtech from $157.00 to $188.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, Roth Capital upped their target price on Semtech from $102.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.07.

About Semtech

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.