Bridge City Capital LLC Has $2.11 Million Stake in Semtech Co. (NASDAQ:SMTC)

Bridge City Capital LLC lifted its holdings in shares of Semtech Co. (NASDAQ:SMTC – Get Rating) by 29.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 71,600 shares of the semiconductor company’s stock after acquiring an additional 16,211 shares during the period. Bridge City Capital LLC owned approximately 0.11% of Semtech worth $2,106,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SMTC. Private Trust Co. NA bought a new position in Semtech during the 2nd quarter valued at about $26,000. CWM LLC lifted its holdings in Semtech by 130.3% during the 2nd quarter. CWM LLC now owns 585 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 331 shares during the last quarter. Neo Ivy Capital Management bought a new position in Semtech during the 2nd quarter valued at about $41,000. Fifth Third Bancorp lifted its holdings in Semtech by 224.4% during the 3rd quarter. Fifth Third Bancorp now owns 837 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 579 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings 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 purchasing an additional 664 shares during the last quarter. 96.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SMTC. Benchmark cut their price target on shares of Semtech from $65.00 to $45.00 in a report on Thursday, December 1st. Stifel Nicolaus dropped their target price on shares of Semtech from $45.00 to $40.00 in a research note on Tuesday, November 22nd. B. Riley dropped their target price on shares of Semtech from $53.00 to $34.00 and set a “neutral” rating for the company in a research note on Tuesday, October 4th. Piper Sandler dropped their target price on shares of Semtech from $60.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, November 30th. Finally, StockNews.com downgraded shares of Semtech from a “buy” rating to a “hold” rating in a research note on Friday, December 2nd. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Semtech has an average rating of “Hold” and a consensus target price of $49.08.

Semtech Trading Up 1.1 %

Shares of NASDAQ:SMTC traded up $0.37 during trading on Wednesday, hitting $33.40. 75,630 shares of the company’s stock were exchanged, compared to its average volume of 940,859. Semtech Co. has a 1-year low of $25.29 and a 1-year high of $74.11. The firm has a 50-day moving average price of $29.93 and a two-hundred day moving average price of $35.49. The company has a current ratio of 5.96, a quick ratio of 5.17 and a debt-to-equity ratio of 0.57. The firm has a market cap of $2.13 billion, a P/E ratio of 14.42, a PEG ratio of 0.95 and a beta of 1.66.

Semtech (NASDAQ:SMTC – Get Rating) last issued its quarterly earnings data on Wednesday, November 30th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.14. The firm had revenue of $177.62 million during the quarter, compared to analysts’ expectations of $176.03 million. Semtech had a net margin of 18.88% and a return on equity of 21.15%. Equities analysts predict that Semtech Co. will post 2.3 earnings per share for the current year.

Semtech Profile

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Semtech Corp. engages in the manufacture and supply of analog and mixed signal semiconductor products for high-end consumer, enterprise computing, communications, and industrial equipment. The firm operates through the following business segments: Protection, Signal Integrity, and Wireless & Sensing.