Natixis Advisors LLC Has $3.41 Million Stake in Semtech Co. (NASDAQ:SMTC)

Natixis Advisors LLC raised its holdings in Semtech Co. (NASDAQ:SMTC - Free Report) by 54.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,139 shares of the semiconductor company's stock after acquiring an additional 19,529 shares during the period. Natixis Advisors LLC owned approximately 0.07% of Semtech worth $3,410,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Mutual of America Capital Management LLC grew its stake in shares of Semtech by 6.3% during the third 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. Moody National Bank Trust Division boosted its position in shares of 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. Principal Financial Group Inc. grew its position in shares of Semtech by 15.8% in the 4th quarter. Principal Financial Group Inc. now owns 410,613 shares of the semiconductor company's stock worth $25,396,000 after buying an additional 56,108 shares during the period. Rhumbline Advisers lifted its holdings in shares of Semtech by 6.1% during the fourth quarter. Rhumbline Advisers now owns 205,363 shares of the semiconductor company's stock valued at $12,702,000 after purchasing an additional 11,878 shares during the last quarter. Finally, Convergence Investment Partners LLC purchased a new stake in shares of Semtech in the fourth quarter worth $2,680,000.

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Insider Activity

In other Semtech news, COO Asaf Silberstein sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $70.00, for a total value of $140,000.00. Following the sale, the chief operating officer now owns 76,417 shares in the company, valued at approximately $5,349,190. This trade represents a 2.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark Lin sold 10,890 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was 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 of the company's stock, valued at $403,155. The trade was a 48.37 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,577 shares of company stock worth $884,310. 0.60% of the stock is currently owned by insiders.

Semtech Trading Down 3.4 %

Shares of Semtech stock traded down $1.38 during trading hours on Wednesday, reaching $38.69. 1,511,026 shares of the company's stock were exchanged, compared to its average volume of 2,215,583. The firm has a market capitalization 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. The company has a fifty day moving average of $48.06 and a 200-day moving average of $51.17. Semtech Co. has a 52-week low of $23.17 and a 52-week high of $79.52.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Robert W. Baird dropped their target price on Semtech from $80.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. B. Riley lifted their price objective on shares of Semtech from $61.00 to $85.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Piper Sandler reiterated an "overweight" rating and set a $55.00 target price (down from $75.00) on shares of Semtech in a research report on Monday, February 10th. Benchmark dropped their price objective on Semtech from $82.00 to $68.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Finally, Needham & Company LLC restated a "buy" rating and set a $54.00 target price on shares of Semtech in a report on Friday, March 14th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $61.55.

Semtech 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.