Universal Beteiligungs und Servicegesellschaft mbH Takes $15.13 Million Position in Semtech Co. (NASDAQ:SMTC)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Semtech Co. (NASDAQ:SMTC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 244,647 shares of the semiconductor company's stock, valued at approximately $15,131,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.32% of Semtech as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SMTC. KBC Group NV lifted its holdings in shares of Semtech by 113.0% during the 4th quarter. KBC Group NV now owns 3,498 shares of the semiconductor company's stock valued at $216,000 after purchasing an additional 1,856 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Semtech by 51.1% during the 4th quarter. Pacer Advisors Inc. now owns 1,768 shares of the semiconductor company's stock valued at $109,000 after purchasing an additional 598 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in shares of Semtech during the 4th quarter valued at $396,000. Yousif Capital Management LLC lifted its holdings in shares of Semtech by 11.2% during the 4th quarter. Yousif Capital Management LLC now owns 31,746 shares of the semiconductor company's stock valued at $1,963,000 after purchasing an additional 3,189 shares during the last quarter. Finally, WT Asset Management Ltd purchased a new stake in shares of Semtech during the 4th quarter valued at $1,237,000.

Semtech Stock Up 3.2%

Shares of NASDAQ:SMTC traded up $1.16 during trading on Friday, reaching $36.92. 3,323,132 shares of the company's stock traded hands, compared to its average volume of 2,189,012. Semtech Co. has a fifty-two week low of $24.05 and a fifty-two week high of $79.52. The firm has a market cap of $3.20 billion, a PE ratio of -2.83, a P/E/G ratio of 2.12 and a beta of 1.88. The company has a 50-day simple moving average of $32.89 and a 200-day simple moving average of $47.00.

Semtech (NASDAQ:SMTC - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The semiconductor company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.08. The company had revenue of $251.00 million during the quarter, compared to analysts' expectations of $249.40 million. The company's quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.06) earnings per share. On average, equities research analysts forecast that Semtech Co. will post -0.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Benchmark reissued a "buy" rating and issued a $68.00 target price on shares of Semtech in a research report on Wednesday. UBS Group cut their target price on Semtech from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Morgan Stanley set a $43.00 target price on Semtech in a research report on Wednesday. Piper Sandler reaffirmed an "overweight" rating and set a $55.00 price target (down from $75.00) on shares of Semtech in a research report on Monday, February 10th. Finally, Craig Hallum cut their price target on Semtech from $70.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.58.

Insiders Place Their Bets

In other news, CFO Mark Lin sold 2,907 shares of Semtech stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $37.71, for a total transaction of $109,622.97. Following the sale, the chief financial officer now owns 13,481 shares of the company's stock, valued at approximately $508,368.51. The trade was a 17.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.60% of the company's stock.

About Semtech

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.