36,951 Shares in Semtech Co. (NASDAQ:SMTC) Purchased by Regents Gate Capital LLP

Regents Gate Capital LLP acquired a new stake in Semtech Co. (NASDAQ:SMTC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 36,951 shares of the semiconductor company’s stock, valued at approximately $2,285,000.

Several other large investors have also made changes to their positions in SMTC. Mutual of America Capital Management LLC raised its position in shares of Semtech by 6.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 11,285 shares of the semiconductor company’s stock worth $515,000 after purchasing an additional 673 shares during the last quarter. Moody National Bank Trust Division raised its holdings in shares of Semtech by 148.6% during the fourth quarter. Moody National Bank Trust Division now owns 20,568 shares of the semiconductor company’s stock valued at $1,272,000 after acquiring an additional 12,296 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of Semtech by 128.3% in the third quarter. Intech Investment Management LLC now owns 30,521 shares of the semiconductor company’s stock valued at $1,394,000 after acquiring an additional 17,150 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Semtech by 100.2% during the third quarter. Natixis Advisors LLC now owns 35,610 shares of the semiconductor company’s stock worth $1,626,000 after purchasing an additional 17,823 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in Semtech by 135.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 42,560 shares of the semiconductor company’s stock valued at $1,943,000 after purchasing an additional 24,517 shares during the last quarter.

Semtech Stock Down 9.9 %

NASDAQ SMTC opened at $54.51 on Monday. Semtech Co. has a 12 month low of $19.12 and a 12 month high of $79.52. The firm’s 50-day moving average is $65.85 and its two-hundred day moving average is $50.74.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Monday, November 25th. The semiconductor company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The company had revenue of $236.80 million for the quarter, compared to analysts’ expectations of $232.89 million. During the same period in the previous year, the business posted $0.02 EPS. The business’s revenue for the quarter was up 17.9% on a year-over-year basis.

Insider Activity at Semtech

In other Semtech news, CFO Mark Lin sold 2,990 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $59.45, for a total value of $177,755.50. Following the completion of the transaction, the chief financial officer now owns 5,446 shares in the company, valued at $323,764.70. The trade was a 35.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Imran Sherazi sold 1,338 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $75.00, for a total value of $100,350.00. Following the completion of the sale, the senior vice president now owns 14 shares in the company, valued at approximately $1,050. The trade was a 98.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,747 shares of company stock worth $1,095,061 in the last three months. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

SMTC has been the topic of several recent research reports. Piper Sandler reaffirmed an “overweight” rating and set a $75.00 target price (up previously from $60.00) on shares of Semtech in a research note on Tuesday, November 26th. Roth Mkm upped their price objective on shares of Semtech from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, November 25th. UBS Group initiated coverage on shares of Semtech in a report on Friday, January 17th. They issued a “buy” rating and a $85.00 price objective for the company. Stifel Nicolaus boosted their target price on Semtech from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Craig Hallum increased 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. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

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.