Semtech Co. (NASDAQ:SMTC) Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its holdings in Semtech Co. (NASDAQ:SMTC) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,778 shares of the semiconductor company’s stock after purchasing an additional 1,493 shares during the period. Mutual of America Capital Management LLC’s holdings in Semtech were worth $790,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of SMTC. Huntington National Bank grew its position in shares of Semtech by 105.2% in the third quarter. Huntington National Bank now owns 589 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 302 shares during the period. GAMMA Investing LLC lifted its stake in Semtech by 15.3% in the 4th quarter. GAMMA Investing LLC now owns 3,166 shares of the semiconductor company’s stock valued at $196,000 after buying an additional 421 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Semtech by 51.1% in the 4th quarter. Pacer Advisors Inc. now owns 1,768 shares of the semiconductor company’s stock worth $109,000 after buying an additional 598 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Semtech by 12.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 7,788 shares of the semiconductor company’s stock valued at $482,000 after acquiring an additional 870 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Semtech by 113.0% during the fourth quarter. KBC Group NV now owns 3,498 shares of the semiconductor company’s stock valued at $216,000 after acquiring an additional 1,856 shares during the last quarter.

Insiders Place Their Bets

In other Semtech news, CFO Mark Lin sold 10,890 shares of Semtech stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $34.68, for a total transaction of $377,665.20. Following the completion of the sale, the chief financial officer now directly owns 11,625 shares in the company, valued at $403,155. This trade represents a 48.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Imran Sherazi sold 2,946 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $63.30, for a total transaction of $186,481.80. Following the completion of the sale, the senior vice president now directly owns 6,317 shares in the company, valued at $399,866.10. This trade represents a 31.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,637 shares of company stock valued at $1,472,726 over the last quarter. 0.60% of the stock is owned by insiders.

Semtech Stock Performance

SMTC stock opened at $33.50 on Monday. Semtech Co. has a one year low of $21.56 and a one year high of $79.52. The firm has a market cap of $2.54 billion, a PE ratio of -2.57, a PEG ratio of 2.12 and a beta of 1.69. The firm’s 50 day moving average price is $54.60 and its 200-day moving average price is $51.43.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Benchmark boosted their price target on Semtech from $56.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Robert W. Baird dropped their target price on shares of Semtech from $80.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, February 7th. UBS Group initiated coverage on shares of Semtech in a research report on Friday, January 17th. They issued a “buy” rating and a $85.00 target price for the company. Susquehanna boosted their price target on shares of Semtech from $55.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, November 21st. Finally, Craig Hallum increased their price objective on shares of Semtech from $48.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.91.

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.