SG Americas Securities LLC Invests $164,000 in Semtech Co. (NASDAQ:SMTC)

SG Americas Securities LLC acquired a new position in shares of Semtech Co. (NASDAQ:SMTC) during the fourth quarter, HoldingsChannel reports. The firm acquired 7,471 shares of the semiconductor company’s stock, valued at approximately $164,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SMTC. Neo Ivy Capital Management bought a new stake in shares of Semtech during the 2nd quarter worth approximately $41,000. Quarry LP bought a new stake in shares of Semtech during the 1st quarter worth approximately $49,000. Captrust Financial Advisors raised its stake in shares of Semtech by 186.5% during the 1st quarter. Captrust Financial Advisors now owns 1,020 shares of the semiconductor company’s stock worth $71,000 after purchasing an additional 664 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Semtech by 35.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,781 shares of the semiconductor company’s stock valued at $72,000 after acquiring an additional 726 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in Semtech in the 1st quarter valued at $84,000.

Semtech Stock Performance

Shares of NASDAQ SMTC opened at $32.39 on Tuesday. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of -1.90 and a beta of 1.85. Semtech Co. has a one year low of $13.13 and a one year high of $35.80. The company has a debt-to-equity ratio of 4.11, a current ratio of 2.46 and a quick ratio of 1.79. The stock’s fifty day moving average price is $24.31 and its two-hundred day moving average price is $20.99.

Insider Buying and Selling

In related news, CFO Mark Lin purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were bought at an average price of $33.23 per share, for a total transaction of $33,230.00. Following the completion of the transaction, the chief financial officer now owns 1,000 shares of the company’s stock, valued at $33,230. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SMTC. Needham & Company LLC increased their price target on Semtech from $26.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Northland Securities increased their price target on Semtech from $30.00 to $36.50 and gave the company an “outperform” rating in a research note on Monday, April 1st. Piper Sandler restated an “overweight” rating and issued a $40.00 price target (up previously from $30.00) on shares of Semtech in a research note on Monday, April 1st. Stifel Nicolaus increased their price target on Semtech from $26.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, Craig Hallum increased their price target on Semtech from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.35.

Semtech Profile

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.