Stephens Inc. AR purchased a new position in Semtech Co. (NASDAQ:SMTC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 14,368 shares of the semiconductor company's stock, valued at approximately $889,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of SMTC. WCM Investment Management LLC bought a new stake in shares of Semtech during the fourth quarter valued at approximately $15,180,000. Entropy Technologies LP bought a new stake in Semtech in the 4th quarter valued at $629,000. Empowered Funds LLC acquired a new position in shares of Semtech in the 4th quarter valued at $521,000. Advisors Preferred LLC bought a new position in shares of Semtech during the 4th quarter worth about $767,000. Finally, State of Alaska Department of Revenue boosted its position in shares of Semtech by 12.0% during the 4th quarter. State of Alaska Department of Revenue now owns 47,941 shares of the semiconductor company's stock valued at $2,965,000 after acquiring an additional 5,124 shares in the last quarter.
Analyst Ratings Changes
Several research analysts recently issued reports on SMTC shares. Craig Hallum increased their price target on shares of Semtech from $48.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Northland Securities increased their target price on Semtech from $60.00 to $66.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Susquehanna boosted their price target on Semtech from $55.00 to $60.00 and gave the company a "positive" rating in a research note on Thursday, November 21st. Stifel Nicolaus dropped their price objective on Semtech from $75.00 to $70.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Finally, Robert W. Baird cut their price objective on Semtech from $80.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $67.91.
View Our Latest Research Report on Semtech
Semtech Stock Performance
SMTC traded up $0.65 during midday trading on Monday, hitting $37.38. The company had a trading volume of 2,182,095 shares, compared to its average volume of 2,076,627. Semtech Co. has a twelve month low of $19.20 and a twelve month high of $79.52. The company has a market capitalization of $2.83 billion, a PE ratio of -2.86, a P/E/G ratio of 2.98 and a beta of 1.64. The firm's 50-day simple moving average is $62.42 and its 200-day simple moving average is $51.02.
Semtech (NASDAQ:SMTC - Get Free Report) last posted its quarterly earnings data on Monday, November 25th. The semiconductor company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.03. The company had revenue of $236.80 million during the quarter, compared to the consensus estimate of $232.89 million. The business's revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 EPS.
Insider Activity
In other Semtech news, COO Asaf Silberstein sold 2,000 shares of Semtech stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $70.00, for a total transaction of $140,000.00. Following the completion of the sale, the chief operating officer now owns 76,417 shares of the company's stock, valued at approximately $5,349,190. The trade was a 2.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark Lin sold 6,114 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $65.74, for a total value of $401,934.36. Following the completion of the transaction, the chief financial officer now directly owns 3,531 shares in the company, valued at approximately $232,127.94. This trade represents a 63.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,747 shares of company stock valued at $1,095,061 over the last 90 days. 0.60% of the stock is owned by company insiders.
Semtech Company Profile
(
Free Report)
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.
Featured Stories

Before you consider Semtech, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Semtech wasn't on the list.
While Semtech currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.