Avior Wealth Management LLC Buys Shares of 9,203 Semtech Corporation $SMTC

Key Points

• Avior Wealth Management LLC purchased 9,203 shares of **Semtech Corporation** for roughly $415,000 during the second quarter, indicating increased institutional interest in the semiconductor company's stock.
• Several hedge funds, including **Vanguard Group** and **Ameriprise Financial**, have boosted their stakes in Semtech, reflecting a broader trend of institutional investment in the company.
• Analysts have a generally positive outlook on Semtech, with **thirteen analysts** rating the stock as a "Buy," and recent price target upgrades suggesting potential growth.

Avior Wealth Management LLC bought a new stake in Semtech Corporation (NASDAQ:SMTC - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,203 shares of the semiconductor company's stock, valued at approximately $415,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Semtech by 1.4% in the first quarter. Vanguard Group Inc. now owns 11,702,315 shares of the semiconductor company's stock valued at $402,560,000 after acquiring an additional 159,770 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Semtech by 15.8% in the first quarter. Ameriprise Financial Inc. now owns 6,445,641 shares of the semiconductor company's stock valued at $221,737,000 after acquiring an additional 877,422 shares during the last quarter. Wellington Management Group LLP boosted its stake in Semtech by 7.9% in the first quarter. Wellington Management Group LLP now owns 2,313,213 shares of the semiconductor company's stock valued at $79,575,000 after acquiring an additional 170,132 shares during the last quarter. Invesco Ltd. boosted its stake in Semtech by 74.0% in the first quarter. Invesco Ltd. now owns 1,800,174 shares of the semiconductor company's stock valued at $61,926,000 after acquiring an additional 765,558 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in Semtech in the first quarter valued at about $45,489,000.

Semtech Stock Performance

Semtech stock opened at $71.45 on Wednesday. The firm's 50 day simple moving average is $56.29 and its 200 day simple moving average is $44.23. The company has a current ratio of 2.53, a quick ratio of 1.78 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $6.20 billion, a PE ratio of 297.71 and a beta of 1.98. Semtech Corporation has a 1-year low of $24.05 and a 1-year high of $79.52.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Benchmark upped their price target on shares of Semtech from $68.00 to $76.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Needham & Company LLC upped their price target on shares of Semtech from $54.00 to $60.00 and gave the company a "buy" rating in a research note on Tuesday, August 26th. Oppenheimer upgraded shares of Semtech from a "market perform" rating to an "outperform" rating and set a $81.00 price target on the stock in a research note on Tuesday. Cowen assumed coverage on shares of Semtech in a research note on Tuesday. They set a "buy" rating on the stock. Finally, Stifel Nicolaus upped their price target on shares of Semtech from $45.00 to $54.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Thirteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.62.

Insider Buying and Selling at Semtech

In other news, Director Martin Burvill sold 3,500 shares of the firm's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $62.75, for a total transaction of $219,625.00. Following the sale, the director owned 6,909 shares in the company, valued at approximately $433,539.75. This trade represents a 33.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.48% of the company's stock.

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.

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