Semtech Corporation $SMTC Shares Sold by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC lowered its stake in shares of Semtech Corporation (NASDAQ:SMTC) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,429 shares of the semiconductor company’s stock after selling 1,475 shares during the period. Moody Aldrich Partners LLC’s holdings in Semtech were worth $4,398,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. increased its position in Semtech by 78.4% during the second quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 287 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Semtech in the 2nd quarter valued at approximately $33,000. Smartleaf Asset Management LLC grew its stake in shares of Semtech by 33.4% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 257 shares during the period. Archer Investment Corp acquired a new stake in shares of Semtech during the 1st quarter worth approximately $64,000. Finally, Strs Ohio purchased a new stake in shares of Semtech during the 1st quarter valued at approximately $65,000.

Semtech Trading Down 2.5%

Shares of SMTC stock opened at $67.81 on Friday. Semtech Corporation has a fifty-two week low of $24.05 and a fifty-two week high of $79.52. The company has a 50 day moving average price of $64.19 and a 200 day moving average price of $49.61. The stock has a market capitalization of $5.88 billion, a P/E ratio of 282.54 and a beta of 2.01. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.78 and a current ratio of 2.53.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Cowen initiated coverage on Semtech in a research report on Tuesday, September 30th. They issued a “buy” rating for the company. Wall Street Zen raised Semtech from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 18th. Craig Hallum upped their target price on shares of Semtech from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. UBS Group increased their target price on shares of Semtech from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Northland Securities increased their price objective on shares of Semtech from $48.00 to $53.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 26th. Fourteen research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $67.50.

Insider Buying and Selling at Semtech

In related news, Director Martin Burvill sold 3,500 shares of Semtech stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $62.75, for a total value of $219,625.00. Following the completion of the transaction, the director directly owned 6,909 shares in the company, valued at approximately $433,539.75. This trade represents a 33.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mark Lin sold 971 shares of the business’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $72.83, for a total value of $70,717.93. Following the transaction, the chief financial officer directly owned 17,844 shares of the company’s stock, valued at $1,299,578.52. The trade was a 5.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 4,971 shares of company stock valued at $323,463 in the last 90 days. Company insiders own 0.48% 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.