Semtech Co. (NASDAQ:SMTC) Shares Acquired by Xponance Inc.

Xponance Inc. increased its holdings in shares of Semtech Co. (NASDAQ:SMTC) by 55.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,180 shares of the semiconductor company’s stock after acquiring 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 large investors have also recently bought and sold shares of the business. Whale Rock Capital Management LLC bought a new stake in shares of Semtech in the 3rd quarter worth approximately $32,126,000. Burkehill Global Management LP bought a new stake in Semtech in the fourth quarter valued at $18,555,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Semtech by 198.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 414,801 shares of the semiconductor company’s stock valued at $18,940,000 after buying an additional 275,717 shares during the last quarter. WCM Investment Management LLC acquired a new position in shares of Semtech during the fourth quarter valued at $15,180,000. Finally, Wellington Management Group LLP bought a new position in shares of Semtech during the third quarter worth about $10,556,000.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SMTC. Craig Hallum reduced their target price on shares of Semtech from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, March 14th. UBS Group reduced their price objective on Semtech from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Stifel Nicolaus lowered their target price on Semtech from $60.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Benchmark reduced their price target on Semtech from $82.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Finally, Robert W. Baird lowered their price target on Semtech from $80.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Semtech currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.55.

Semtech Trading Down 3.4 %

NASDAQ:SMTC opened at $38.69 on Thursday. The company has a 50-day moving average of $47.38 and a 200-day moving average of $51.08. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of -2.96, a price-to-earnings-growth ratio of 2.12 and a beta of 1.69. Semtech Co. has a twelve month low of $25.78 and a twelve month high of $79.52.

Semtech (NASDAQ:SMTC) last issued its earnings results on Thursday, March 13th. The semiconductor company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. The business had revenue of $251.00 million for the quarter, compared to the consensus estimate of $249.40 million. The company’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.06) earnings per share. On average, research analysts forecast that Semtech Co. will post -0.02 earnings per share for the current year.

Insider Transactions at Semtech

In other Semtech news, SVP Imran Sherazi sold 1,338 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $75.00, for a total transaction of $100,350.00. Following the sale, the senior vice president now directly owns 14 shares of the company’s stock, valued at $1,050. The trade was a 98.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark Lin sold 1,359 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $65.15, for a total value of $88,538.85. Following the completion of the sale, the chief financial officer now owns 4,164 shares of the company’s stock, valued at $271,284.60. The trade was a 24.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,577 shares of company stock valued at $884,310 over the last three months. Company insiders own 0.60% of the company’s stock.

About Semtech

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.