Katamaran Capital LLP Has $1.22 Million Position in Semtech Corporation $SMTC

Katamaran Capital LLP reduced its holdings in shares of Semtech Corporation (NASDAQ:SMTC) by 61.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,515 shares of the semiconductor company’s stock after selling 26,830 shares during the period. Katamaran Capital LLP’s holdings in Semtech were worth $1,217,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Hantz Financial Services Inc. boosted its position in shares of Semtech by 243.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 360 shares in the last quarter. AlphaQuest LLC boosted its position in Semtech by 42.5% in the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 173 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Semtech by 65.5% in the third quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 235 shares in the last quarter. Assetmark Inc. boosted its position in Semtech by 1,745.5% in the third quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 576 shares in the last quarter. Finally, Huntington National Bank boosted its position in Semtech by 151.3% in the third quarter. Huntington National Bank now owns 749 shares of the semiconductor company’s stock valued at $54,000 after buying an additional 451 shares in the last quarter.

Semtech Stock Performance

Shares of NASDAQ SMTC opened at $121.81 on Monday. Semtech Corporation has a 1-year low of $34.59 and a 1-year high of $127.18. The company has a market cap of $11.34 billion, a PE ratio of -276.84 and a beta of 2.22. The company has a current ratio of 2.37, a quick ratio of 1.66 and a debt-to-equity ratio of 0.89. The company has a 50-day moving average of $90.10 and a two-hundred day moving average of $80.82.

Semtech (NASDAQ:SMTC) last announced its earnings results on Monday, March 16th. The semiconductor company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Semtech had a negative net margin of 3.86% and a positive return on equity of 18.09%. The company had revenue of $274.40 million during the quarter, compared to the consensus estimate of $273.14 million. During the same period in the previous year, the firm posted $0.40 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. As a group, equities analysts expect that Semtech Corporation will post 1.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on SMTC shares. Wall Street Zen lowered shares of Semtech from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 26th. Benchmark boosted their price target on shares of Semtech from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Weiss Ratings lowered shares of Semtech from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, March 24th. TD Cowen restated a “buy” rating on shares of Semtech in a research report on Tuesday, February 24th. Finally, Stifel Nicolaus boosted their price target on shares of Semtech from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Tuesday, March 17th. Fourteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.71.

Insider Buying and Selling

In other Semtech news, Director Paul V. Walsh, Jr. sold 500 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $105.93, for a total value of $52,965.00. Following the completion of the transaction, the director directly owned 23,779 shares of the company’s stock, valued at approximately $2,518,909.47. The trade was a 2.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark Lin sold 9,186 shares of the business’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $75.05, for a total transaction of $689,409.30. Following the completion of the transaction, the chief financial officer directly owned 32,710 shares of the company’s stock, valued at approximately $2,454,885.50. This represents a 21.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 36,384 shares of company stock valued at $3,000,140. Insiders own 0.48% of the company’s stock.

Semtech Company Profile

Semtech Corporation is a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms. The company’s products address a broad range of applications in the Internet of Things (IoT), data center and telecom, industrial, home automation, automotive, and aerospace markets. Semtech’s portfolio includes power management, signal integrity, protection devices, wireless and sensing technologies that enable smarter, more connected systems worldwide.

A core offering from Semtech is its LoRa® technology, a low-power, long-range wireless communication platform that has become a de facto standard for global IoT deployments.