Versor Investments LP Acquires 3,634 Shares of Semtech Co. (NASDAQ:SMTC)

Versor Investments LP raised its holdings in Semtech Co. (NASDAQ:SMTC) by 47.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,234 shares of the semiconductor company’s stock after purchasing an additional 3,634 shares during the quarter. Versor Investments LP’s holdings in Semtech were worth $695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in SMTC. Creative Planning lifted its position in shares of Semtech by 20.1% during the 3rd quarter. Creative Planning now owns 21,637 shares of the semiconductor company’s stock valued at $988,000 after buying an additional 3,619 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Semtech by 4,464.9% during the 3rd quarter. International Assets Investment Management LLC now owns 1,689 shares of the semiconductor company’s stock valued at $77,000 after buying an additional 1,652 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Semtech by 13.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 42,817 shares of the semiconductor company’s stock valued at $1,955,000 after buying an additional 4,910 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Semtech by 135.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 42,560 shares of the semiconductor company’s stock valued at $1,943,000 after buying an additional 24,517 shares during the last quarter. Finally, Van ECK Associates Corp purchased a new stake in Semtech during the 3rd quarter worth about $125,000.

Semtech Price Performance

Shares of Semtech stock opened at $38.19 on Friday. The business’s 50 day simple moving average is $57.53 and its two-hundred day simple moving average is $51.22. The stock has a market capitalization of $2.89 billion, a P/E ratio of -2.93, a price-to-earnings-growth ratio of 2.12 and a beta of 1.64. Semtech Co. has a one year low of $20.82 and a one year high of $79.52.

Insider Activity

In other news, SVP Imran Sherazi sold 1,338 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $75.00, for a total transaction of $100,350.00. Following the transaction, the senior vice president now directly owns 14 shares of the company’s stock, valued at approximately $1,050. The trade was a 98.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Asaf Silberstein sold 2,000 shares of the business’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 value of $140,000.00. Following the transaction, the chief operating officer now directly owns 76,417 shares in the company, valued at $5,349,190. This trade represents a 2.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,747 shares of company stock valued at $1,095,061. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on SMTC shares. Susquehanna increased their price objective on Semtech from $55.00 to $60.00 and gave the stock a “positive” rating in a report on Thursday, November 21st. Needham & Company LLC dropped their price objective on Semtech from $74.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Robert W. Baird lowered their price target on Semtech from $80.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Craig Hallum raised their price target on Semtech from $48.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Stifel Nicolaus lowered their price target on Semtech from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Semtech presently has a consensus rating of “Moderate Buy” and an average price target of $67.91.

Semtech Company 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.