42,185 Shares in Semtech Corporation $SMTC Purchased by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in shares of Semtech Corporation (NASDAQ:SMTC) during the 2nd quarter, Holdings Channel reports. The firm bought 42,185 shares of the semiconductor company’s stock, valued at approximately $6,832,000.

Other institutional investors have also recently made changes to their positions in the company. FNY Investment Advisers LLC grew its stake in shares of Semtech by 900.0% in the second quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 180 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Semtech during the second quarter valued at approximately $32,000. Banque Cantonale Vaudoise bought a new position in Semtech during the first quarter valued at approximately $33,000. IFP Advisors Inc bought a new position in Semtech during the fourth quarter valued at approximately $53,000. Finally, Allworth Financial LP purchased a new stake in Semtech in the second quarter worth approximately $55,000.

Insider Activity at Semtech

In other Semtech news, insider John Michael Wilson sold 5,500 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $170.00, for a total transaction of $935,000.00. Following the completion of the sale, the insider owned 80,876 shares of the company’s stock, valued at approximately $13,748,920. The trade was a 6.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark Lin sold 970 shares of the company’s stock in a transaction dated 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 approximately $5,248,707.36. The trade was a 2.70% 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. Insiders sold 21,734 shares of company stock valued at $3,133,986 in the last ninety days. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SMTC shares. Susquehanna lifted their target price on shares of Semtech from $170.00 to $200.00 and gave the stock a “positive” rating in a research report on Wednesday, May 27th. UBS Group increased their price target on Semtech from $225.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday. B. Riley Financial lifted their price objective on Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Semtech in a research report on Thursday, June 18th. Finally, Oppenheimer set a $200.00 target price on Semtech in a report on Wednesday, May 27th. Fifteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Semtech currently has an average rating of “Moderate Buy” and an average target price of $204.71.

More Semtech News

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 Price Performance

SMTC opened at $131.17 on Monday. The firm’s 50 day simple moving average is $135.08 and its two-hundred day simple moving average is $119.31. The company has a market capitalization of $12.24 billion, a PE ratio of 86.87 and a beta of 2.35. Semtech Corporation has a 1-year low of $55.18 and a 1-year high of $177.35. The company has a current ratio of 1.70, a quick ratio of 1.31 and a debt-to-equity ratio of 0.47.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. The firm had revenue of $341.87 million during the quarter, compared to the consensus estimate of $328.67 million. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 EPS. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. As a group, equities analysts forecast that Semtech Corporation will post 2.63 EPS 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.