B. Metzler seel. Sohn & Co. AG Takes Position in Semtech Co. (NASDAQ:SMTC)

B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Semtech Co. (NASDAQ:SMTC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 27,976 shares of the semiconductor company's stock, valued at approximately $1,730,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SMTC. Wellington Management Group LLP raised its stake in Semtech by 827.0% during the fourth quarter. Wellington Management Group LLP now owns 2,143,081 shares of the semiconductor company's stock worth $132,550,000 after purchasing an additional 1,911,890 shares during the period. Vanguard Group Inc. raised its position in shares of Semtech by 13.0% during the 4th quarter. Vanguard Group Inc. now owns 11,542,545 shares of the semiconductor company's stock valued at $713,906,000 after buying an additional 1,326,226 shares during the period. Whale Rock Capital Management LLC purchased a new stake in shares of Semtech during the 3rd quarter valued at approximately $32,126,000. Schroder Investment Management Group acquired a new position in Semtech in the fourth quarter valued at approximately $27,254,000. Finally, Burkehill Global Management LP purchased a new position in Semtech in the fourth quarter worth approximately $18,555,000.

Insider Buying and Selling

In other Semtech news, CFO Mark Lin sold 2,907 shares of Semtech stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $37.71, for a total value of $109,622.97. Following the transaction, the chief financial officer now directly owns 13,481 shares in the company, valued at approximately $508,368.51. This trade represents a 17.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Imran Sherazi sold 1,338 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president now owns 14 shares of the company's stock, valued at $1,050. This trade represents a 98.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,125 shares of company stock worth $905,394 in the last quarter. 0.60% of the stock is owned by insiders.

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Semtech Trading Down 5.7 %

SMTC stock traded down $1.70 during trading on Friday, hitting $28.01. 3,816,597 shares of the company's stock were exchanged, compared to its average volume of 2,167,101. The business has a 50-day moving average price of $41.67 and a two-hundred day moving average price of $50.68. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of -2.15, a PEG ratio of 2.12 and a beta of 1.85. Semtech Co. has a 52-week low of $25.19 and a 52-week high of $79.52.

Semtech (NASDAQ:SMTC - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The semiconductor company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.08. The company had revenue of $251.00 million for the quarter, compared to analysts' expectations of $249.40 million. The firm's quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.06) EPS. On average, equities research analysts anticipate that Semtech Co. will post -0.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on SMTC shares. UBS Group decreased their price target on Semtech from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Stifel Nicolaus lowered their target price on shares of Semtech from $60.00 to $54.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Benchmark reduced their price target on shares of Semtech from $82.00 to $68.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $54.00 price objective on shares of Semtech in a research report on Friday, March 14th. Finally, Robert W. Baird dropped their price objective on Semtech from $80.00 to $60.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $61.55.

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.