Cooper Creek Partners Management LLC Purchases 379,363 Shares of Semtech Corporation $SMTC

Cooper Creek Partners Management LLC increased its stake in Semtech Corporation (NASDAQ:SMTC) by 547.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 448,657 shares of the semiconductor company’s stock after purchasing an additional 379,363 shares during the period. Cooper Creek Partners Management LLC’s holdings in Semtech were worth $20,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SMTC. US Bancorp DE grew its stake in Semtech by 7.6% in the 1st quarter. US Bancorp DE now owns 11,137 shares of the semiconductor company’s stock worth $383,000 after buying an additional 787 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Semtech by 164.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,192 shares of the semiconductor company’s stock worth $419,000 after acquiring an additional 7,583 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Semtech by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 11,702,315 shares of the semiconductor company’s stock worth $402,560,000 after acquiring an additional 159,770 shares during the last quarter. Deutsche Bank AG grew its position in Semtech by 168.1% in the first quarter. Deutsche Bank AG now owns 1,210,078 shares of the semiconductor company’s stock worth $41,627,000 after acquiring an additional 758,642 shares in the last quarter. Finally, Swiss National Bank increased its stake in Semtech by 0.5% in the first quarter. Swiss National Bank now owns 166,900 shares of the semiconductor company’s stock valued at $5,741,000 after acquiring an additional 900 shares during the last quarter.

Semtech Stock Performance

Shares of SMTC stock opened at $79.61 on Friday. The company has a market capitalization of $7.37 billion, a P/E ratio of 256.81 and a beta of 2.01. Semtech Corporation has a fifty-two week low of $24.05 and a fifty-two week high of $80.71. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43. The stock has a 50 day moving average price of $69.47 and a two-hundred day moving average price of $56.54.

Semtech (NASDAQ:SMTC) last issued its earnings results on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $266.97 million for the quarter, compared to the consensus estimate of $266.36 million. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 earnings per share. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. Analysts expect that Semtech Corporation will post -0.02 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Piper Sandler reaffirmed an “overweight” rating and set a $70.00 price target (up previously from $65.00) on shares of Semtech in a research note on Tuesday, November 25th. B. Riley boosted their target price on Semtech from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Benchmark upped their target price on Semtech from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Craig Hallum lifted their price target on shares of Semtech from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Semtech in a research note on Tuesday. Fifteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.71.

Insider Activity

In other news, Director Paul V. Walsh, Jr. sold 500 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $66.24, for a total transaction of $33,120.00. Following the completion of the sale, the director directly owned 26,779 shares in the company, valued at approximately $1,773,840.96. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mark Lin sold 971 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $72.83, for a total value of $70,717.93. Following the transaction, the chief financial officer owned 17,844 shares in the company, valued at approximately $1,299,578.52. This represents a 5.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 4,971 shares of company stock valued at $323,463. Insiders own 0.48% of the company’s stock.

About Semtech

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.