XTX Topco Ltd Takes $1.11 Million Position in Semtech Co. (NASDAQ:SMTC)

XTX Topco Ltd acquired a new position in Semtech Co. (NASDAQ:SMTC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 37,153 shares of the semiconductor company’s stock, valued at approximately $1,110,000.

Several other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Semtech by 10.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 863,231 shares of the semiconductor company’s stock valued at $18,913,000 after purchasing an additional 81,825 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Semtech by 1.6% in the first quarter. Vanguard Group Inc. now owns 8,458,425 shares of the semiconductor company’s stock valued at $232,522,000 after buying an additional 131,133 shares during the period. Contour Asset Management LLC boosted its stake in Semtech by 2.6% in the fourth quarter. Contour Asset Management LLC now owns 1,463,817 shares of the semiconductor company’s stock valued at $32,072,000 after acquiring an additional 36,838 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Semtech by 19.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,217,670 shares of the semiconductor company’s stock valued at $26,679,000 after acquiring an additional 197,595 shares during the last quarter. Finally, Seven Eight Capital LP lifted its stake in shares of Semtech by 259.4% in the 1st quarter. Seven Eight Capital LP now owns 51,573 shares of the semiconductor company’s stock valued at $1,418,000 after purchasing an additional 37,224 shares during the period.

Semtech Trading Down 0.2 %

SMTC opened at $46.00 on Friday. The firm’s fifty day simple moving average is $36.25 and its 200 day simple moving average is $33.93. The stock has a market capitalization of $3.46 billion, a P/E ratio of -2.72 and a beta of 1.54. Semtech Co. has a 12 month low of $13.13 and a 12 month high of $47.49.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Tuesday, August 27th. The semiconductor company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. Semtech had a negative return on equity of 154.99% and a negative net margin of 107.21%. The company had revenue of $215.40 million during the quarter, compared to analysts’ expectations of $212.30 million. During the same period in the prior year, the firm earned ($0.06) earnings per share. Semtech’s revenue for the quarter was down 9.6% compared to the same quarter last year. On average, equities research analysts predict that Semtech Co. will post -0.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SMTC has been the subject of a number of analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $50.00 price objective on shares of Semtech in a research note on Wednesday, August 28th. Stifel Nicolaus increased their price target on shares of Semtech from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Susquehanna boosted their price objective on shares of Semtech from $45.00 to $55.00 and gave the company a “positive” rating in a report on Thursday, June 6th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Semtech in a report on Wednesday, August 28th. Finally, Benchmark reissued a “buy” rating and issued a $56.00 price target on shares of Semtech in a report on Monday, September 9th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.60.

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.