Semtech Corporation $SMTC Shares Bought by Andar Capital Management HK Ltd

Andar Capital Management HK Ltd increased its position in Semtech Corporation (NASDAQ:SMTC) by 89.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 189,525 shares of the semiconductor company’s stock after acquiring an additional 89,525 shares during the quarter. Semtech accounts for 15.1% of Andar Capital Management HK Ltd’s holdings, making the stock its 2nd largest position. Andar Capital Management HK Ltd’s holdings in Semtech were worth $13,966,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Semtech by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 11,858,352 shares of the semiconductor company’s stock valued at $873,842,000 after purchasing an additional 298,987 shares during the period. Ameriprise Financial Inc. increased its position in Semtech by 3.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,373,744 shares of the semiconductor company’s stock valued at $526,861,000 after purchasing an additional 261,647 shares during the period. Capital Research Global Investors increased its position in Semtech by 13.9% during the 3rd quarter. Capital Research Global Investors now owns 4,691,676 shares of the semiconductor company’s stock valued at $335,220,000 after purchasing an additional 571,372 shares during the period. State Street Corp boosted its holdings in shares of Semtech by 1.5% during the 2nd quarter. State Street Corp now owns 4,037,107 shares of the semiconductor company’s stock worth $182,235,000 after buying an additional 60,788 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Semtech by 8.7% during the 3rd quarter. Alliancebernstein L.P. now owns 3,607,697 shares of the semiconductor company’s stock worth $257,770,000 after buying an additional 289,313 shares in the last quarter.

Semtech News Summary

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Semtech posted better-than-expected Q1 results, with EPS of $0.51 topping estimates of $0.45 and revenue of $291 million beating expectations, driven by strong demand in data center and infrastructure markets. Semtech’s Explosive Rally May Only Be Getting Started
• Positive Sentiment: The company issued Q2 revenue guidance above expectations and signaled continued momentum, especially in data center growth, which investors see as a major driver of future upside. Semtech forecasts $328M Q2 revenue as it targets 35 percent sequential data center growth
• Positive Sentiment: Several analysts raised price targets after the earnings beat, including B. Riley to $210, Needham to $200, and UBS/Baird to $225, reinforcing confidence in Semtech’s growth outlook. Semtech Stock Gains After Q1 Results Beat Estimates, Analysts Raise Price Targets
• Positive Sentiment: Analysts highlighted accelerating demand in data center and optical products, plus design wins and backlog that could support faster growth ahead. SMTC Q1 Earnings Call Flags Faster Data Center Growth
• Neutral Sentiment: Short interest data showed no meaningful positioning change, so it does not appear to be a major driver of the stock’s move. Semtech’s Explosive Rally May Only Be Getting Started

Insider Activity

In other news, EVP Jason Elliot Green sold 7,500 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $81.73, for a total transaction of $612,975.00. Following the completion of the sale, the executive vice president directly owned 8,811 shares of the company’s stock, valued at $720,123.03. This trade represents a 45.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul V. Walsh, Jr. sold 500 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $138.21, for a total value of $69,105.00. Following the sale, the director directly owned 23,279 shares of the company’s stock, valued at approximately $3,217,390.59. This represents a 2.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 36,884 shares of company stock worth $3,069,245. 0.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SMTC shares. B. Riley Financial increased their price target on Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday. Roth Mkm increased their price target on Semtech from $102.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus increased their price target on Semtech from $157.00 to $188.00 and gave the stock a “buy” rating in a report on Wednesday. Benchmark increased their target price on Semtech from $120.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Robert W. Baird increased their target price on Semtech from $110.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday. Thirteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $179.73.

Semtech Trading Up 5.8%

NASDAQ SMTC opened at $166.33 on Friday. The firm has a market capitalization of $15.49 billion, a P/E ratio of -426.49 and a beta of 2.22. The business has a fifty day simple moving average of $107.16 and a 200 day simple moving average of $88.86. Semtech Corporation has a 12 month low of $34.59 and a 12 month high of $172.35. The company has a current ratio of 2.37, a quick ratio of 1.66 and a debt-to-equity ratio of 0.86.

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