732 Shares in Semtech Corporation $SMTC Acquired by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC bought a new position in Semtech Corporation (NASDAQ:SMTC) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 732 shares of the semiconductor company’s stock, valued at approximately $33,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Semtech by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 11,702,315 shares of the semiconductor company’s stock worth $402,560,000 after acquiring an additional 159,770 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Semtech by 15.8% in the 1st quarter. Ameriprise Financial Inc. now owns 6,445,641 shares of the semiconductor company’s stock worth $221,737,000 after acquiring an additional 877,422 shares in the last quarter. Wellington Management Group LLP increased its holdings in Semtech by 7.9% in the 1st quarter. Wellington Management Group LLP now owns 2,313,213 shares of the semiconductor company’s stock worth $79,575,000 after acquiring an additional 170,132 shares in the last quarter. Invesco Ltd. increased its holdings in Semtech by 74.0% in the 1st quarter. Invesco Ltd. now owns 1,800,174 shares of the semiconductor company’s stock worth $61,926,000 after acquiring an additional 765,558 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in Semtech in the 1st quarter worth approximately $45,489,000.

Semtech Trading Down 0.9%

SMTC stock opened at $67.63 on Wednesday. The firm has a fifty day moving average price of $59.79 and a 200 day moving average price of $46.36. Semtech Corporation has a fifty-two week low of $24.05 and a fifty-two week high of $79.52. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.78 and a current ratio of 2.53. The firm has a market cap of $5.87 billion, a PE ratio of 281.79 and a beta of 2.01.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Needham & Company LLC upped their price target on Semtech from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Stifel Nicolaus set a $80.00 price target on Semtech in a research note on Wednesday, October 1st. Northland Securities upped their price target on Semtech from $48.00 to $53.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 26th. Oppenheimer upgraded Semtech from a “market perform” rating to an “outperform” rating and set a $81.00 price target for the company in a research note on Tuesday, September 30th. Finally, Craig Hallum upped their price target on Semtech from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Fourteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.36.

Insider Buying and Selling at Semtech

In other Semtech news, CFO Mark Lin sold 971 shares of Semtech stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $72.83, for a total transaction of $70,717.93. Following the completion of the transaction, the chief financial officer directly owned 17,844 shares of the company’s stock, valued at $1,299,578.52. The trade was a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martin Burvill sold 3,500 shares of Semtech stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $62.75, for a total transaction of $219,625.00. Following the transaction, the director directly owned 6,909 shares of the company’s stock, valued at $433,539.75. The trade was a 33.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

About Semtech

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.