Baader Bank Aktiengesellschaft Buys New Holdings in Semtech Co. (NASDAQ:SMTC)

Baader Bank Aktiengesellschaft purchased a new position in shares of Semtech Co. (NASDAQ:SMTC) in the 4th quarter, Holdings Channel reports. The firm purchased 6,400 shares of the semiconductor company’s stock, valued at approximately $396,000.

Other large investors also recently modified their holdings of the company. Huntington National Bank lifted its stake in Semtech by 105.2% during the third quarter. Huntington National Bank now owns 589 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 302 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Semtech by 15.3% during the 4th quarter. GAMMA Investing LLC now owns 3,166 shares of the semiconductor company’s stock worth $196,000 after buying an additional 421 shares during the last quarter. Hanseatic Management Services Inc. grew its position in shares of Semtech by 3.2% in the 3rd quarter. Hanseatic Management Services Inc. now owns 14,406 shares of the semiconductor company’s stock valued at $658,000 after buying an additional 447 shares during the last quarter. Creative Planning raised its stake in Semtech by 3.4% during the 2nd quarter. Creative Planning now owns 18,018 shares of the semiconductor company’s stock worth $538,000 after acquiring an additional 588 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in Semtech by 51.1% during the 4th quarter. Pacer Advisors Inc. now owns 1,768 shares of the semiconductor company’s stock worth $109,000 after acquiring an additional 598 shares in the last quarter.

Analysts Set New Price Targets

SMTC has been the topic of several research reports. Northland Securities raised their price objective on Semtech from $60.00 to $66.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Stifel Nicolaus increased their price objective on Semtech from $65.00 to $75.00 and gave the company a “buy” rating in a report on Monday, January 6th. Needham & Company LLC lifted their target price on shares of Semtech from $70.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, December 12th. B. Riley raised their price objective on shares of Semtech from $61.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Roth Mkm upped their target price on shares of Semtech from $50.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 25th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $71.09.

Semtech Price Performance

SMTC opened at $67.69 on Friday. The business has a 50 day simple moving average of $65.48 and a 200-day simple moving average of $49.27. Semtech Co. has a 12 month low of $18.72 and a 12 month high of $79.52.

Semtech (NASDAQ:SMTC) last issued its earnings results 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 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%. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.02 earnings per share.

Insiders Place Their Bets

In other news, COO Asaf Silberstein sold 2,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $70.00, for a total value of $140,000.00. Following the completion of the transaction, the chief operating officer now directly owns 76,417 shares of the company’s stock, valued at $5,349,190. The trade was a 2.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Imran Sherazi sold 1,338 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $75.00, for a total value of $100,350.00. Following the completion of the sale, the senior vice president now owns 14 shares in the company, valued at $1,050. This represents a 98.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,757 shares of company stock worth $917,305. 0.60% of the stock is owned by corporate insiders.

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.