6,400 Shares in Semtech Co. (NASDAQ:SMTC) Purchased by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft acquired a new stake in Semtech Co. (NASDAQ:SMTC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,400 shares of the semiconductor company’s stock, valued at approximately $396,000.

Several other institutional investors also recently bought and sold shares of the business. Mutual of America Capital Management LLC lifted its position 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 in the last quarter. Moody National Bank Trust Division lifted its holdings in Semtech by 148.6% during the fourth quarter. Moody National Bank Trust Division now owns 20,568 shares of the semiconductor company’s stock valued at $1,272,000 after purchasing an additional 12,296 shares in the last quarter. Intech Investment Management LLC grew its position in shares of Semtech by 128.3% in the third quarter. Intech Investment Management LLC now owns 30,521 shares of the semiconductor company’s stock valued at $1,394,000 after purchasing an additional 17,150 shares during the period. Natixis Advisors LLC increased its stake in shares of Semtech by 100.2% during the third quarter. Natixis Advisors LLC now owns 35,610 shares of the semiconductor company’s stock worth $1,626,000 after purchasing an additional 17,823 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in Semtech by 135.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 42,560 shares of the semiconductor company’s stock valued at $1,943,000 after buying an additional 24,517 shares in the last quarter.

Insider Buying and Selling

In other news, SVP Imran Sherazi sold 2,946 shares of Semtech stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $63.30, for a total value of $186,481.80. Following the completion of the sale, the senior vice president now directly owns 6,317 shares of the company’s stock, valued at approximately $399,866.10. The trade was a 31.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mark Lin sold 6,114 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.74, for a total value of $401,934.36. Following the transaction, the chief financial officer now directly owns 3,531 shares in the company, valued at approximately $232,127.94. The trade was a 63.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,757 shares of company stock valued at $917,305. Company insiders own 0.60% of the company’s stock.

Semtech Price Performance

SMTC stock opened at $67.69 on Friday. Semtech Co. has a 52-week low of $18.72 and a 52-week high of $79.52. The business has a fifty day moving average of $65.48 and a two-hundred day moving average of $49.27.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings data on Monday, November 25th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. The firm had revenue of $236.80 million for the quarter, compared to analyst estimates of $232.89 million. Semtech had a negative net margin of 99.08% and a negative return on equity of 154.99%. Semtech’s revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 EPS.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Needham & Company LLC increased their target price on Semtech from $70.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Roth Mkm raised their price objective on Semtech from $50.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 25th. B. Riley upped their target price on shares of Semtech from $61.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Northland Securities raised their price target on shares of Semtech from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, UBS Group initiated coverage on shares of Semtech in a research note on Friday, January 17th. They set a “buy” rating and a $85.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $71.09.

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.