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

Natixis Advisors LLC raised its holdings in Semtech Co. (NASDAQ:SMTC) by 54.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 55,139 shares of the semiconductor company’s stock after acquiring an additional 19,529 shares during the quarter. Natixis Advisors LLC owned approximately 0.07% of Semtech worth $3,410,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Hollencrest Capital Management acquired a new stake in Semtech in the fourth quarter valued at $31,000. Smartleaf Asset Management LLC increased its stake in shares of Semtech by 190.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 770 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 505 shares during the period. AlphaQuest LLC raised its position in shares of Semtech by 173.5% during the fourth quarter. AlphaQuest LLC now owns 1,217 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 772 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Semtech by 51.1% during the fourth quarter. Pacer Advisors Inc. now owns 1,768 shares of the semiconductor company’s stock worth $109,000 after acquiring an additional 598 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Semtech by 15.3% in the fourth quarter. GAMMA Investing LLC now owns 3,166 shares of the semiconductor company’s stock valued at $196,000 after acquiring an additional 421 shares during the last quarter.

Semtech Trading Down 2.5 %

Semtech stock opened at $39.62 on Friday. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of -3.04, a price-to-earnings-growth ratio of 2.12 and a beta of 1.69. The firm’s fifty day moving average price is $49.04 and its two-hundred day moving average price is $51.12. Semtech Co. has a 1-year low of $22.13 and a 1-year high of $79.52.

Semtech (NASDAQ:SMTC) last released its quarterly 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 for the quarter, compared to analyst estimates of $249.40 million. During the same quarter last year, the firm posted ($0.06) EPS. Semtech’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, research analysts forecast that Semtech Co. will post -0.02 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SMTC. UBS Group dropped their price target on shares of Semtech from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Benchmark decreased their price target on Semtech from $82.00 to $68.00 and set a “buy” rating for the company in a report on Friday, March 14th. Stifel Nicolaus lowered their price objective on Semtech from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Roth Mkm upped their target price on Semtech from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Robert W. Baird lowered their target price on Semtech from $80.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.55.

Insider Buying and Selling at Semtech

In other Semtech news, CFO Mark Lin sold 1,359 shares of Semtech stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $65.15, for a total transaction of $88,538.85. Following the transaction, the chief financial officer now owns 4,164 shares of the company’s stock, valued at $271,284.60. This trade represents a 24.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Asaf Silberstein sold 2,000 shares of the business’s stock in a transaction that occurred 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 owns 76,417 shares in the company, valued at $5,349,190. The trade was a 2.55 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,577 shares of company stock worth $884,310. Corporate 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.