Semtech Corporation $SMTC Holdings Lifted by Caxton Associates LLP

Caxton Associates LLP grew its holdings in shares of Semtech Corporation (NASDAQ:SMTC) by 91.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,233 shares of the semiconductor company’s stock after buying an additional 6,315 shares during the period. Caxton Associates LLP’s holdings in Semtech were worth $1,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Banque Cantonale Vaudoise bought a new position in Semtech in the 1st quarter worth approximately $33,000. IFP Advisors Inc bought a new stake in Semtech during the 4th quarter valued at $53,000. Smartleaf Asset Management LLC raised its stake in Semtech by 24.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the semiconductor company’s stock valued at $57,000 after acquiring an additional 247 shares in the last quarter. Sound Income Strategies LLC acquired a new position in Semtech during the 4th quarter worth $60,000. Finally, NewEdge Advisors LLC boosted its position in Semtech by 1,215.4% during the 3rd quarter. NewEdge Advisors LLC now owns 855 shares of the semiconductor company’s stock worth $61,000 after acquiring an additional 790 shares during the period.

Insider Activity

In other news, CFO Mark Lin sold 970 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $150.41, for a total value of $145,897.70. Following the completion of the sale, the chief financial officer owned 34,896 shares of the company’s stock, valued at $5,248,707.36. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Asaf Silberstein sold 8,500 shares of Semtech stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $127.80, for a total value of $1,086,300.00. Following the transaction, the chief operating officer owned 96,862 shares in the company, valued at $12,378,963.60. This represents a 8.07% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 22,234 shares of company stock worth $3,203,091. 0.44% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Oppenheimer set a $200.00 target price on Semtech in a report on Wednesday, May 27th. Northland Securities lowered shares of Semtech from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 26th. Zacks Research raised shares of Semtech from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Stifel Nicolaus boosted their target price on shares of Semtech from $157.00 to $188.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Semtech in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $189.07.

Semtech Stock Performance

Shares of SMTC opened at $125.92 on Monday. The company has a 50-day moving average of $149.03 and a two-hundred day moving average of $110.78. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of -322.87 and a beta of 2.31. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.37 and a quick ratio of 1.62. Semtech Corporation has a one year low of $46.02 and a one year high of $177.35.

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