Cwm LLC Has $128,000 Stock Holdings in Semtech Corporation $SMTC

Cwm LLC cut its holdings in Semtech Corporation (NASDAQ:SMTC) by 24.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,838 shares of the semiconductor company’s stock after selling 913 shares during the quarter. Cwm LLC’s holdings in Semtech were worth $128,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SMTC. KBC Group NV lifted its stake in Semtech by 16.8% in the first quarter. KBC Group NV now owns 4,084 shares of the semiconductor company’s stock valued at $140,000 after acquiring an additional 586 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Semtech in the first quarter worth $430,000. Principal Financial Group Inc. lifted its stake in shares of Semtech by 4.2% in the first quarter. Principal Financial Group Inc. now owns 427,958 shares of the semiconductor company’s stock worth $14,722,000 after buying an additional 17,345 shares during the last quarter. Moody Aldrich Partners LLC lifted its stake in shares of Semtech by 75.6% in the first quarter. Moody Aldrich Partners LLC now owns 98,904 shares of the semiconductor company’s stock worth $3,402,000 after buying an additional 42,587 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its stake in shares of Semtech by 496.0% in the first quarter. Edgestream Partners L.P. now owns 65,110 shares of the semiconductor company’s stock worth $2,240,000 after buying an additional 54,185 shares during the last quarter.

Semtech Price Performance

NASDAQ:SMTC opened at $67.86 on Friday. The stock has a market cap of $5.89 billion, a P/E ratio of 282.75 and a beta of 2.01. Semtech Corporation has a one year low of $24.05 and a one year high of $79.52. The company has a fifty day moving average price of $64.52 and a 200 day moving average price of $49.89. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.53 and a quick ratio of 1.78.

Insider Buying and Selling at Semtech

In other Semtech news, CFO Mark Lin sold 971 shares of Semtech stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $72.83, for a total transaction of $70,717.93. Following the sale, the chief financial officer directly owned 17,844 shares of the company’s stock, valued at approximately $1,299,578.52. The trade was a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Martin Burvill sold 3,500 shares of Semtech stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $62.75, for a total value of $219,625.00. Following the sale, the director directly owned 6,909 shares in the company, valued at $433,539.75. The trade was a 33.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 4,971 shares of company stock valued at $323,463. 0.48% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Piper Sandler boosted their price objective on shares of Semtech from $55.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. Stifel Nicolaus set a $80.00 price objective on Semtech in a research note on Wednesday, October 1st. Oppenheimer upgraded Semtech from a “market perform” rating to an “outperform” rating and set a $81.00 price objective on the stock in a research note on Tuesday, September 30th. Craig Hallum lifted their price objective on Semtech from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Finally, Benchmark lifted their price objective on Semtech from $68.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Fourteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.50.

Semtech 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.