Semtech Co. (NASDAQ:SMTC) Stock Position Lifted by Xponance Inc.

Xponance Inc. boosted its stake in Semtech Co. (NASDAQ:SMTC) by 55.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,180 shares of the semiconductor company’s stock after buying an additional 2,556 shares during the quarter. Xponance Inc.’s holdings in Semtech were worth $444,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in shares of Semtech by 15.3% in the fourth quarter. GAMMA Investing LLC now owns 3,166 shares of the semiconductor company’s stock worth $196,000 after acquiring an additional 421 shares during the last quarter. Hollencrest Capital Management purchased a new position in Semtech in the fourth quarter valued at about $31,000. Smartleaf Asset Management LLC increased its position in Semtech by 190.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 770 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 505 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Semtech by 51.1% during the 4th quarter. Pacer Advisors Inc. now owns 1,768 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 598 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of Semtech by 6.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 11,285 shares of the semiconductor company’s stock valued at $515,000 after buying an additional 673 shares during the last quarter.

Semtech Trading Down 3.4 %

Shares of SMTC stock opened at $38.69 on Thursday. The firm has a market capitalization of $2.93 billion, a P/E ratio of -2.96, a price-to-earnings-growth ratio of 2.12 and a beta of 1.69. Semtech Co. has a 1 year low of $25.78 and a 1 year high of $79.52. The firm’s fifty day simple moving average is $47.38 and its 200 day simple moving average is $51.08.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings data on Thursday, March 13th. The semiconductor company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. The company had revenue of $251.00 million for the quarter, compared to analyst estimates of $249.40 million. During the same period in the prior year, the company posted ($0.06) EPS. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. Equities research analysts anticipate that Semtech Co. will post -0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SMTC has been the topic of several recent research reports. Stifel Nicolaus cut their price objective on shares of Semtech from $60.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Robert W. Baird reduced their price objective on shares of Semtech from $80.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Craig Hallum lowered their target price on shares of Semtech from $70.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $54.00 price target on shares of Semtech in a research report on Friday, March 14th. Finally, Benchmark decreased their price target on Semtech from $82.00 to $68.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Semtech presently has an average rating of “Moderate Buy” and a consensus target price of $61.55.

Insiders Place Their Bets

In related news, SVP Imran Sherazi sold 1,338 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $75.00, for a total value of $100,350.00. Following the completion of the transaction, the senior vice president now directly owns 14 shares of the company’s stock, valued at $1,050. This trade represents a 98.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark Lin sold 10,890 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $34.68, for a total transaction of $377,665.20. Following the completion of the sale, the chief financial officer now directly owns 11,625 shares in the company, valued at $403,155. This trade represents a 48.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,577 shares of company stock worth $884,310. 0.60% of the stock is currently owned by company insiders.

Semtech Company Profile

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.