1 week Ago By ABMN Staff
Pictet Asset Management Holding SA boosted its stake in Semtech Co. ( NASDAQ:SMTC – Free Report ) by 29.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 11,201 shares of the semiconductor company’s stock after purchasing an additional 2,566 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Semtech were worth $693,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds have also bought and sold shares of the stock.
Hollencrest Capital Management purchased a new stake in shares of Semtech during the 4th quarter valued at $31,000. Smartleaf Asset Management LLC raised its position in Semtech by 190.6% during the fourth quarter.
Smartleaf Asset Management LLC now owns 770 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 505 shares in the last quarter. AlphaQuest LLC lifted its stake in 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 purchasing an additional 772 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Semtech in the 4th quarter worth about $91,000.
Finally, Pacer Advisors Inc. increased its position in shares of Semtech by 51.1% during the 4th quarter.
Pacer Advisors Inc. now owns 1,768 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 598 shares during the last quarter. Semtech Stock Up 1.
1 % Shares of Semtech stock opened at $28.31 on Tuesday. The company has a market cap of $2.
45 billion, a PE ratio of -2.17, a P/E/G ratio of 2.12 and a beta of 1.
85. The business has a 50 day moving average of $41.09 and a 200 day moving average of $50.
66. Semtech Co. has a 52 week low of $25.
17 and a 52 week high of $79.52. Insider Transactions at Semtech In other Semtech news, COO Asaf Silberstein sold 2,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 76,417 shares of the company’s stock, valued at approximately $5,349,190. This trade represents a 2.55 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Also, CFO Mark Lin sold 10,890 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was 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 directly owns 11,625 shares in the company, valued at approximately $403,155.
This represents a 48.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
In the last quarter, insiders sold 20,125 shares of company stock valued at $905,394. Corporate insiders own 0.60% of the company’s stock.
Analyst Ratings Changes Several analysts have issued reports on SMTC shares. Stifel Nicolaus cut their target price on Semtech from $60.00 to $54.
00 and set a “buy” rating for the company in a research note on Friday, March 14th. Northland Securities increased their target price on shares of Semtech from $60.00 to $66.
00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. UBS Group lowered their price target on shares of Semtech from $65.00 to $60.
00 and set a “buy” rating for the company in a research note on Friday, March 14th. Robert W. Baird reduced their price objective on Semtech from $80.
00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $54.
00 price objective on shares of Semtech in a report on Friday, March 14th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.
com, the company has an average rating of “Moderate Buy” and an average price target of $58.92. Check Out Our Latest Research Report on SMTC About Semtech ( 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. Read More Want to see what other hedge funds are holding SMTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Semtech Co.
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