Nisa Investment Advisors LLC Has $548,000 Stock Holdings in Semtech Corporation $SMTC

Nisa Investment Advisors LLC boosted its position in shares of Semtech Corporation (NASDAQ:SMTC) by 60.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,149 shares of the semiconductor company’s stock after purchasing an additional 4,570 shares during the period. Nisa Investment Advisors LLC’s holdings in Semtech were worth $548,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KBC Group NV increased its position in Semtech by 16.8% in the 1st quarter. KBC Group NV now owns 4,084 shares of the semiconductor company’s stock worth $140,000 after purchasing an additional 586 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Semtech in the 1st quarter valued at approximately $430,000. Principal Financial Group Inc. increased its holdings in Semtech by 4.2% in the first quarter. Principal Financial Group Inc. now owns 427,958 shares of the semiconductor company’s stock worth $14,722,000 after buying an additional 17,345 shares during the last quarter. CWM LLC raised its position in Semtech by 23.3% during the first quarter. CWM LLC now owns 3,751 shares of the semiconductor company’s stock valued at $129,000 after acquiring an additional 709 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its stake in Semtech by 496.0% in the first quarter. Edgestream Partners L.P. now owns 65,110 shares of the semiconductor company’s stock valued at $2,240,000 after acquiring an additional 54,185 shares during the last quarter.

Semtech Price Performance

NASDAQ SMTC opened at $67.86 on Friday. The stock has a 50-day simple moving average of $64.52 and a 200 day simple moving average of $50.05. Semtech Corporation has a twelve month low of $24.05 and a twelve month high of $79.52. The stock has a market capitalization of $5.89 billion, a PE ratio of 282.75 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.

Wall Street Analyst Weigh In

SMTC has been the topic of several analyst reports. UBS Group increased their price target on shares of Semtech from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Northland Securities upped their price objective on shares of Semtech from $48.00 to $53.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Semtech in a research report on Wednesday, October 8th. Piper Sandler increased their price objective on Semtech from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Finally, Stifel Nicolaus set a $80.00 target price on Semtech in a report on Wednesday, October 1st. Fourteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.50.

Insider Transactions at Semtech

In other news, Director Martin Burvill sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $62.75, for a total transaction of $219,625.00. Following the completion of the transaction, the director directly owned 6,909 shares in the company, valued at $433,539.75. The trade was a 33.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul V. Walsh, Jr. sold 500 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $66.24, for a total transaction of $33,120.00. Following the completion of the sale, the director owned 26,779 shares in the company, valued at approximately $1,773,840.96. The trade was a 1.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,971 shares of company stock worth $323,463 over the last three months. 0.48% of the stock is currently owned by insiders.

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.