329,991 Shares in Semtech Corporation $SMTC Acquired by Fiera Capital Corp

Fiera Capital Corp purchased a new position in shares of Semtech Corporation (NASDAQ:SMTC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 329,991 shares of the semiconductor company’s stock, valued at approximately $24,317,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SMTC. Jones Financial Companies Lllp grew its holdings in Semtech by 12,214.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock valued at $89,000 after buying an additional 2,565 shares in the last quarter. Empowered Funds LLC grew its holdings in Semtech by 11.5% in the 1st quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock valued at $323,000 after buying an additional 968 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Semtech by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company’s stock valued at $14,166,000 after buying an additional 22,629 shares in the last quarter. Strs Ohio purchased a new stake in Semtech in the 1st quarter valued at $65,000. Finally, Cetera Investment Advisers purchased a new stake in Semtech in the 2nd quarter valued at $226,000.

Semtech Price Performance

SMTC opened at $158.79 on Tuesday. The stock’s 50-day moving average price is $118.70 and its 200 day moving average price is $93.31. Semtech Corporation has a 12-month low of $38.14 and a 12-month high of $172.35. The company has a current ratio of 2.37, a quick ratio of 1.62 and a debt-to-equity ratio of 0.86. The firm has a market cap of $14.79 billion, a price-to-earnings ratio of -407.15 and a beta of 2.32.

Semtech (NASDAQ:SMTC) last posted its earnings results 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. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The firm had revenue of $291.02 million for the quarter, compared to analyst estimates of $283.53 million. During the same quarter in the prior year, the company earned $0.38 EPS. Semtech’s revenue was up 15.9% on a year-over-year basis. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. As a group, sell-side analysts expect that Semtech Corporation will post 1.6 earnings per share for the current year.

Insider Activity

In related news, CFO Mark Lin sold 9,186 shares of the stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $75.05, for a total transaction of $689,409.30. Following the transaction, the chief financial officer owned 32,710 shares of the company’s stock, valued at approximately $2,454,885.50. This represents a 21.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Martin Burvill sold 2,500 shares of the stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $88.98, for a total value of $222,450.00. Following the transaction, the director directly owned 4,409 shares in the company, valued at approximately $392,312.82. The trade was a 36.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,568 shares of company stock worth $2,284,874 in the last quarter. Insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

SMTC has been the subject of several analyst reports. UBS Group upped their target price on Semtech from $165.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Needham & Company LLC upped their target price on Semtech from $105.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Citigroup cut Semtech from a “buy” rating to a “market perform” rating in a report on Tuesday, May 26th. TD Cowen restated a “buy” rating on shares of Semtech in a report on Tuesday, February 24th. Finally, Roth Mkm upped their target price on Semtech from $102.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.73.

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.