Semtech Target of Unusually High Options Trading (NASDAQ:SMTC)

Semtech Co. (NASDAQ:SMTC) was the target of unusually large options trading on Tuesday. Investors acquired 7,055 call options on the company. This represents an increase of 312% compared to the typical daily volume of 1,713 call options.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus upped their price objective on Semtech from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Needham & Company LLC cut their price objective on Semtech from $35.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, December 7th. Robert W. Baird reiterated an “outperform” rating and issued a $40.00 price objective on shares of Semtech in a report on Tuesday. Susquehanna upped their price objective on Semtech from $25.00 to $30.00 and gave the stock a “positive” rating in a report on Thursday, March 14th. Finally, Roth Mkm dropped their target price on Semtech from $46.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, December 7th. One research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.10.

Semtech Trading Up 10.7 %

NASDAQ SMTC opened at $27.86 on Thursday. Semtech has a fifty-two week low of $13.13 and a fifty-two week high of $32.44. The company has a debt-to-equity ratio of 4.11, a quick ratio of 1.72 and a current ratio of 2.39. The stock has a 50 day simple moving average of $21.48 and a two-hundred day simple moving average of $20.40. The stock has a market cap of $1.79 billion, a P/E ratio of -3.56, a price-to-earnings-growth ratio of 12.99 and a beta of 1.81.

Institutional Investors Weigh In On Semtech

Institutional investors and hedge funds have recently bought and sold shares of the business. Neo Ivy Capital Management purchased a new stake in Semtech in the 2nd quarter worth approximately $41,000. Quarry LP bought a new position in Semtech during the 1st quarter valued at approximately $49,000. Cape Investment Advisory Inc. bought a new position in Semtech during the 4th quarter valued at approximately $63,000. Captrust Financial Advisors increased its position in Semtech by 186.5% during the 1st quarter. Captrust Financial Advisors now owns 1,020 shares of the semiconductor company’s stock valued at $71,000 after buying an additional 664 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Semtech by 35.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,781 shares of the semiconductor company’s stock valued at $72,000 after buying an additional 726 shares in the last quarter.

About Semtech

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products 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.