Legal & General Group Plc Takes $20.69 Million Position in Semtech Corporation $SMTC

Legal & General Group Plc bought a new stake in shares of Semtech Corporation (NASDAQ:SMTC) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 127,837 shares of the semiconductor company’s stock, valued at approximately $20,690,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. The Manufacturers Life Insurance Company bought a new position in Semtech during the 2nd quarter valued at $11,423,000. Tairen Capital Ltd bought a new stake in shares of Semtech in the 2nd quarter worth $6,005,000. Anther Capital Ltd purchased a new stake in shares of Semtech in the second quarter valued at about $332,000. Infrastructure Capital Advisors LLC purchased a new stake in shares of Semtech in the second quarter valued at about $639,000. Finally, Maxi Investments CY Ltd bought a new position in shares of Semtech during the second quarter valued at about $1,473,000.

Insider Buying and Selling

In related news, EVP Jason Elliot Green sold 2,264 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $129.90, for a total value of $294,093.60. Following the sale, the executive vice president directly owned 8,611 shares in the company, valued at approximately $1,118,568.90. The trade was a 20.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul V. Walsh, Jr. sold 500 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $164.99, for a total transaction of $82,495.00. Following the sale, the director directly owned 28,100 shares in the company, valued at approximately $4,636,219. This trade represents a 1.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,734 shares of company stock worth $3,133,986 in the last quarter. 0.44% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SMTC has been the topic of several analyst reports. Roth Capital set a $220.00 price target on shares of Semtech in a report on Wednesday. Mizuho set a $225.00 target price on shares of Semtech in a research report on Wednesday, May 27th. Oppenheimer set a $200.00 target price on Semtech in a research note on Wednesday, May 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 target price on shares of Semtech in a report on Wednesday. Finally, Morgan Stanley increased their price target on Semtech from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Wednesday. Fifteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $204.71.

Semtech Price Performance

Shares of NASDAQ SMTC opened at $131.17 on Friday. The stock has a fifty day simple moving average of $135.08 and a two-hundred day simple moving average of $119.10. Semtech Corporation has a 1-year low of $55.18 and a 1-year high of $177.35. The firm has a market cap of $12.24 billion, a price-to-earnings ratio of 86.87 and a beta of 2.35. The company has a current ratio of 1.70, a quick ratio of 1.62 and a debt-to-equity ratio of 0.47.

Semtech (NASDAQ:SMTC) last released its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. The business had revenue of $341.87 million during the quarter, compared to the consensus estimate of $328.67 million. Semtech had a return on equity of 21.74% and a net margin of 13.11%.The business’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same period last year, the business posted $0.41 earnings per share. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Analysts anticipate that Semtech Corporation will post 2.63 earnings per share for the current year.

Trending Headlines about Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Strong quarterly results: Semtech reported record sales of approximately $341.9 million, up about 33% year over year, while adjusted earnings of $0.71 per share exceeded the $0.61 consensus estimate. Net income reportedly expanded 89%. Why Semtech Stock Was Flying This Week
• Positive Sentiment: AI data-center momentum: Reports highlight roughly $100 million in AI data-center demand and identify connectivity as a potential bottleneck for AI infrastructure. This supports expectations for continued growth in Semtech’s analog and signal-integrity businesses. Analog Bets Pay Off: Semtech Shatters Records as AI Data Center Demand Hits $100M
• Positive Sentiment: Raised outlook and improving balance sheet: Coverage cites higher guidance, expanding margins, debt reduction, and expectations for stronger near-term growth. The company’s reported third-quarter fiscal 2027 EPS outlook is $1.02–$1.08. Semtech Stock Rallies on Strong Q2 Results and Raised Guidance
• Positive Sentiment: Analyst support: Northland Securities upgraded Semtech to Outperform with a $182 price target, while Needham reaffirmed its Buy rating. Other coverage points to a consensus target near $200, reinforcing the bullish narrative. Northland lifts Semtech rating
• Neutral Sentiment: New product opportunity: The LoRa Plus transceiver lineup could strengthen Semtech’s position in long-range IoT connectivity, although the financial contribution and adoption pace remain uncertain. What Does Semtech Gain From Its New LoRa Plus Transceivers?
• Negative Sentiment: Valuation and volatility risks: Semtech trades at a high earnings multiple, and its elevated beta makes the stock sensitive to profit-taking after a sharp advance. Unusually high trading volume indicates that investors are actively reassessing the shares following earnings. Semtech Sees Unusually-High Trading Volume After Strong Earnings

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.