Semtech Corporation $SMTC Shares Bought by Dymon Asia Capital Singapore PTE. LTD.

by · The Cerbat Gem

Dymon Asia Capital Singapore PTE. LTD. grew its holdings in shares of Semtech Corporation (NASDAQ:SMTC – Free Report) by 61.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,839 shares of the semiconductor company’s stock after purchasing an additional 18,639 shares during the period. Semtech accounts for 0.3% of Dymon Asia Capital Singapore PTE. LTD.’s portfolio, making the stock its 26th biggest position. Dymon Asia Capital Singapore PTE. LTD.’s holdings in Semtech were worth $3,599,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hantz Financial Services Inc. raised its holdings in shares of Semtech by 243.2% during the third quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 360 shares during the period. AlphaQuest LLC raised its holdings in shares of Semtech by 42.5% during the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 173 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Semtech by 65.5% during the third quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 235 shares during the period. Assetmark Inc. raised its holdings in shares of Semtech by 1,745.5% during the third quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 576 shares during the period. Finally, IFP Advisors Inc acquired a new stake in shares of Semtech during the fourth quarter worth $53,000.

Wall Street Analyst Weigh In

SMTC has been the topic of several research analyst reports. Northland Securities cut shares of Semtech from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 26th. Mizuho set a $225.00 price objective on shares of Semtech in a research report on Wednesday, May 27th. Weiss Ratings lowered shares of Semtech from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, March 24th. Robert W. Baird raised their price objective 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. Finally, B. Riley Financial raised their price objective on shares of Semtech from $165.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Thirteen investment 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $179.73.

Get Our Latest Research Report on SMTC

Semtech Stock Performance

Shares of SMTC opened at $166.71 on Friday. Semtech Corporation has a one year low of $39.07 and a one year high of $172.35. The company has a 50-day moving average of $125.55 and a two-hundred day moving average of $95.81. The stock has a market cap of $15.53 billion, a price-to-earnings ratio of -427.46 and a beta of 2.32. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.37 and a quick ratio of 1.62.

Semtech (NASDAQ:SMTC – Get Free Report) last posted its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. The business had revenue of $291.02 million during the quarter, compared to analyst estimates of $283.53 million. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. On average, equities research analysts expect that Semtech Corporation will post 1.81 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Paul V. Walsh, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $138.21, for a total transaction of $69,105.00. Following the transaction, the director owned 23,279 shares of the company’s stock, valued at approximately $3,217,390.59. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Martin Burvill sold 2,500 shares of Semtech stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $88.98, for a total transaction of $222,450.00. Following the completion of the transaction, the director directly owned 4,409 shares in the company, valued at approximately $392,312.82. This represents a 36.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 25,660 shares of company stock valued at $2,268,140 over the last ninety days. Insiders own 0.48% of the company’s stock.

Semtech Company Profile

(Free Report)

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.

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