Semtech Co. (NASDAQ:SMTC) Shares Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC boosted its holdings in Semtech Co. (NASDAQ:SMTC) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 106,630 shares of the semiconductor company’s stock after buying an additional 2,565 shares during the quarter. Semtech accounts for about 1.6% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its 11th largest position. Lisanti Capital Growth LLC’s holdings in Semtech were worth $6,595,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Inceptionr LLC acquired a new position in Semtech in the fourth quarter worth approximately $602,000. Raymond James Financial Inc. acquired a new position in Semtech in the fourth quarter worth approximately $360,000. Arizona State Retirement System grew its position in Semtech by 31.4% in the fourth quarter. Arizona State Retirement System now owns 24,467 shares of the semiconductor company’s stock worth $1,513,000 after buying an additional 5,851 shares during the last quarter. M&T Bank Corp acquired a new position in Semtech in the 4th quarter worth approximately $331,000. Finally, Atria Investments Inc acquired a new position in Semtech in the 4th quarter worth approximately $300,000.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SMTC. Robert W. Baird decreased their price objective on shares of Semtech from $80.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Needham & Company LLC decreased their price objective on shares of Semtech from $74.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Roth Mkm raised their price objective on shares of Semtech from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. UBS Group began coverage on shares of Semtech in a research note on Friday, January 17th. They issued a “buy” rating and a $85.00 price objective for the company. Finally, Craig Hallum raised their price objective on shares of Semtech from $48.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.91.

Insider Activity at Semtech

In related news, CFO Mark Lin sold 10,890 shares of Semtech stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $34.68, for a total value of $377,665.20. Following the completion of the sale, the chief financial officer now owns 11,625 shares of the company’s stock, valued at approximately $403,155. The trade was a 48.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 directly 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 27,637 shares of company stock valued at $1,472,726. Insiders own 0.60% of the company’s stock.

Semtech Stock Down 12.2 %

Shares of NASDAQ:SMTC opened at $32.33 on Friday. The firm has a fifty day moving average of $55.87 and a two-hundred day moving average of $51.37. The firm has a market capitalization of $2.45 billion, a P/E ratio of -2.48, a price-to-earnings-growth ratio of 2.12 and a beta of 1.69. Semtech Co. has a 12-month low of $21.56 and a 12-month high of $79.52.

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.