B. Metzler seel. Sohn & Co. AG Has $2.87 Million Stock Position in Semtech Corporation $SMTC

Key Points

• B. Metzler seel. Sohn & Co. AG cut its stake in Semtech by 47.1%, selling 34,760 shares and holding 38,980 shares worth $2.87 million after the fourth quarter filing.
• Analysts are largely bullish—14 Buys, 1 Hold and 1 Sell—giving Semtech a consensus rating of “Moderate Buy” and an average price target of $95.71 after several recent target raises.
• Company insiders have been net sellers recently: executives sold 46,384 shares worth about $3.92 million in the past 90 days, and insiders now own just 0.48% of the stock.

B. Metzler seel. Sohn & Co. AG trimmed its stake in shares of Semtech Corporation (NASDAQ:SMTC - Free Report) by 47.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,980 shares of the semiconductor company's stock after selling 34,760 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Semtech were worth $2,872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in SMTC. Evergreen Capital Management LLC boosted its holdings in shares of Semtech by 2.3% in the 4th quarter. Evergreen Capital Management LLC now owns 5,945 shares of the semiconductor company's stock worth $438,000 after acquiring an additional 136 shares in the last quarter. Journey Strategic Wealth LLC boosted its holdings in shares of Semtech by 3.2% in the 3rd quarter. Journey Strategic Wealth LLC now owns 5,074 shares of the semiconductor company's stock worth $363,000 after acquiring an additional 159 shares in the last quarter. AlphaQuest LLC boosted its holdings in shares of Semtech by 42.5% in the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company's stock worth $41,000 after acquiring an additional 173 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Semtech by 65.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 235 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Semtech by 24.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the semiconductor company's stock worth $57,000 after acquiring an additional 247 shares in the last quarter.

Analysts Set New Price Targets

SMTC has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on Semtech from $90.00 to $98.00 and gave the stock a "buy" rating in a report on Tuesday, March 17th. Susquehanna boosted their target price on Semtech from $90.00 to $100.00 and gave the stock a "positive" rating in a report on Monday, March 9th. Weiss Ratings downgraded Semtech from a "hold (c-)" rating to a "sell (d-)" rating in a report on Tuesday, March 24th. Robert W. Baird boosted their target price on Semtech from $88.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, March 17th. Finally, TD Cowen reaffirmed a "buy" rating on shares of Semtech in a report on Tuesday, February 24th. Fourteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Semtech currently has a consensus rating of "Moderate Buy" and an average target price of $95.71.

Insider Activity

In other Semtech news, EVP Jason Elliot Green sold 7,500 shares of the company's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $81.73, for a total transaction of $612,975.00. Following the completion of the sale, the executive vice president owned 8,811 shares in the company, valued at approximately $720,123.03. The trade was a 45.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Martin Burvill sold 2,500 shares of the company's stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $88.98, for a total transaction of $222,450.00. Following the sale, the director owned 4,409 shares of the company's stock, valued at $392,312.82. The trade was a 36.18% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 46,384 shares of company stock worth $3,920,140. 0.48% of the stock is owned by company insiders.

Semtech Stock Up 4.2%

NASDAQ:SMTC opened at $109.79 on Friday. The stock's fifty day moving average price is $87.26 and its two-hundred day moving average price is $78.79. Semtech Corporation has a 52-week low of $28.91 and a 52-week high of $113.05. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.66 and a current ratio of 2.37. The company has a market cap of $10.22 billion, a price-to-earnings ratio of -249.52 and a beta of 2.06.

Semtech (NASDAQ:SMTC - Get Free Report) last posted its quarterly earnings data on Monday, March 16th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Semtech had a positive return on equity of 18.09% and a negative net margin of 3.86%.The firm had revenue of $274.40 million for the quarter, compared to the consensus estimate of $273.14 million. During the same quarter in the prior year, the business earned $0.40 EPS. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts anticipate that Semtech Corporation will post 1.6 EPS for the current year.

About Semtech

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.

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