Alpine Global Management LLC Takes Position in Semtech Corporation $SMTC

Alpine Global Management LLC acquired a new stake in Semtech Corporation (NASDAQ:SMTC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,000 shares of the semiconductor company’s stock, valued at approximately $368,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp increased its holdings in Semtech by 65.5% during the third quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 235 shares during the period. Assetmark Inc. increased its holdings in shares of Semtech by 1,745.5% in the 3rd quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 576 shares during the period. IFP Advisors Inc bought a new position in shares of Semtech in the 4th quarter worth $53,000. Huntington National Bank lifted its stake in shares of Semtech by 151.3% during the 3rd quarter. Huntington National Bank now owns 749 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 451 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new stake in Semtech during the fourth quarter valued at about $60,000.

Wall Street Analysts Forecast Growth

SMTC has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on shares of Semtech from $155.00 to $175.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. Robert W. Baird increased their target price on shares of Semtech from $110.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Stifel Nicolaus lifted their price target on shares of Semtech from $157.00 to $188.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Mizuho set a $225.00 price target on Semtech in a research report on Wednesday, May 27th. Finally, B. Riley Financial increased their price objective on Semtech from $165.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Thirteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.73.

Insider Activity at Semtech

In other Semtech news, CFO Mark Lin sold 9,186 shares of Semtech stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $75.05, for a total transaction of $689,409.30. Following the completion of the sale, the chief financial officer directly owned 32,710 shares in the company, valued at approximately $2,454,885.50. The trade was a 21.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Jason Elliot Green sold 7,500 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were 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 in the company, valued at $720,123.03. This trade represents a 45.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 25,160 shares of company stock worth $2,227,705 in the last ninety days. 0.48% of the stock is owned by company insiders.

Semtech Price Performance

Semtech stock opened at $158.23 on Friday. The business’s 50-day simple moving average is $133.24 and its two-hundred day simple moving average is $98.89. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.62 and a current ratio of 2.37. The company has a market cap of $14.74 billion, a PE ratio of -405.72 and a beta of 2.32. Semtech Corporation has a fifty-two week low of $40.25 and a fifty-two week high of $177.35.

Semtech (NASDAQ:SMTC) last announced 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. The firm had revenue of $291.02 million during the quarter, compared to analysts’ expectations of $283.53 million. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Equities analysts anticipate that Semtech Corporation will post 1.81 EPS for the current year.

Semtech Company 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.