Semtech Co. (NASDAQ:SMTC) Shares Acquired by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC boosted its holdings in Semtech Co. (NASDAQ:SMTC) by 12.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 78,710 shares of the semiconductor company’s stock after acquiring an additional 8,500 shares during the period. Lisanti Capital Growth LLC’s holdings in Semtech were worth $1,725,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Semtech during the 4th quarter worth approximately $164,000. Legato Capital Management LLC purchased a new stake in shares of Semtech in the fourth quarter valued at $201,000. Whittier Trust Co. acquired a new stake in shares of Semtech during the third quarter valued at $207,000. Everence Capital Management Inc. purchased a new stake in Semtech during the 4th quarter worth about $213,000. Finally, Channel Wealth LLC acquired a new position in Semtech in the 4th quarter valued at about $249,000.

Insider Activity

In related news, CFO Mark Lin purchased 1,000 shares of Semtech stock in a transaction that occurred on Monday, April 8th. The shares were purchased at an average cost of $33.23 per share, with a total value of $33,230.00. Following the transaction, the chief financial officer now owns 1,000 shares of the company’s stock, valued at approximately $33,230. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Needham & Company LLC raised their price target on shares of Semtech from $26.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Susquehanna lifted their target price on shares of Semtech from $30.00 to $45.00 and gave the stock a “positive” rating in a research note on Monday, April 1st. Northland Securities boosted their price target on Semtech from $30.00 to $36.50 and gave the company an “outperform” rating in a report on Monday, April 1st. Stifel Nicolaus raised their price objective on Semtech from $31.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Semtech in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $39.85.

Semtech Price Performance

SMTC stock traded up $0.10 during midday trading on Tuesday, reaching $39.81. 1,149,648 shares of the company’s stock traded hands, compared to its average volume of 1,989,820. The company has a current ratio of 2.46, a quick ratio of 1.79 and a debt-to-equity ratio of 4.11. Semtech Co. has a fifty-two week low of $13.13 and a fifty-two week high of $40.19. The business has a 50-day moving average price of $28.81 and a two-hundred day moving average price of $22.31.

Semtech (NASDAQ:SMTC) last posted its earnings results on Thursday, March 28th. The semiconductor company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Semtech had a negative net margin of 125.70% and a negative return on equity of 9.41%. The business had revenue of $192.95 million for the quarter, compared to analyst estimates of $191.24 million. As a group, research analysts anticipate that Semtech Co. will post -0.09 earnings per share for the current year.

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.