24,487 Shares in Semtech Corporation $SMTC Acquired by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management has acquired 24,487 shares of Semtech Corporation ($SMTC), valued at approximately $842,000, marking a significant investment in the semiconductor firm.
• Semtech's market capitalization is $5.04 billion, with a notable PE ratio of 242.04 and a current stock price of $58.09 as of Friday.
• Research analysts maintain a positive outlook on Semtech, with an average rating of "Moderate Buy" and a consensus price target of $60.42 for the stock.

Landscape Capital Management L.L.C. bought a new position in Semtech Corporation (NASDAQ:SMTC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 24,487 shares of the semiconductor company's stock, valued at approximately $842,000.

A number of other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in Semtech by 33.4% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the semiconductor company's stock worth $36,000 after buying an additional 257 shares during the last quarter. Dunhill Financial LLC bought a new stake in Semtech in the 4th quarter worth approximately $31,000. Versant Capital Management Inc lifted its position in Semtech by 58.5% in the 1st quarter. Versant Capital Management Inc now owns 1,498 shares of the semiconductor company's stock worth $52,000 after buying an additional 553 shares during the last quarter. KBC Group NV lifted its position in Semtech by 16.8% in the 1st quarter. KBC Group NV now owns 4,084 shares of the semiconductor company's stock worth $140,000 after buying an additional 586 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in Semtech by 12.9% in the 4th quarter. Cetera Investment Advisers now owns 5,226 shares of the semiconductor company's stock worth $323,000 after buying an additional 599 shares during the last quarter.

Semtech Price Performance

SMTC opened at $58.09 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.81 and a current ratio of 2.53. Semtech Corporation has a 52-week low of $24.05 and a 52-week high of $79.52. The stock has a market capitalization of $5.04 billion, a PE ratio of 242.04 and a beta of 1.94. The stock's 50 day moving average price is $49.85 and its 200-day moving average price is $40.36.

Insider Activity at Semtech

In other news, COO Asaf Silberstein sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $42.98, for a total transaction of $85,960.00. Following the transaction, the chief operating officer directly owned 105,996 shares of the company's stock, valued at approximately $4,555,708.08. The trade was a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Lin sold 999 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $43.84, for a total value of $43,796.16. Following the transaction, the chief financial officer directly owned 17,211 shares in the company, valued at $754,530.24. This trade represents a 5.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on SMTC. Stifel Nicolaus boosted their target price on Semtech from $45.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Morgan Stanley set a $43.00 target price on Semtech in a research report on Wednesday, May 28th. Benchmark reaffirmed a "buy" rating and issued a $68.00 price target on shares of Semtech in a research note on Tuesday, August 26th. UBS Group decreased their price target on Semtech from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Finally, Piper Sandler lifted their price target on Semtech from $55.00 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Semtech presently has an average rating of "Moderate Buy" and a consensus target price of $60.42.

Semtech Company 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.

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