FourThought Financial LLC Has $255,000 Position in Semtech Co. (NASDAQ:SMTC)

FourThought Financial LLC boosted its stake in shares of Semtech Co. (NASDAQ:SMTC – Get Rating) by 25.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,668 shares of the semiconductor company’s stock after buying an additional 1,739 shares during the quarter. FourThought Financial LLC’s holdings in Semtech were worth $255,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ethic Inc. raised its stake in Semtech by 7.6% during the 1st quarter. Ethic Inc. now owns 4,548 shares of the semiconductor company’s stock worth $315,000 after buying an additional 320 shares during the period. Zebra Capital Management LLC increased its holdings in Semtech by 10.5% during the 1st quarter. Zebra Capital Management LLC now owns 3,456 shares of the semiconductor company’s stock worth $240,000 after purchasing an additional 327 shares in the last quarter. Bridgefront Capital LLC increased its holdings in Semtech by 14.7% during the 1st quarter. Bridgefront Capital LLC now owns 2,944 shares of the semiconductor company’s stock worth $204,000 after purchasing an additional 377 shares in the last quarter. LPL Financial LLC increased its holdings in Semtech by 2.9% during the 2nd quarter. LPL Financial LLC now owns 14,823 shares of the semiconductor company’s stock worth $815,000 after purchasing an additional 418 shares in the last quarter. Finally, Inspire Investing LLC increased its holdings in Semtech by 14.0% during the 2nd quarter. Inspire Investing LLC now owns 3,842 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 472 shares in the last quarter. 96.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on SMTC. Susquehanna reissued a “neutral” rating and set a $32.00 price objective on shares of Semtech in a report on Thursday, March 9th. Piper Sandler decreased their price objective on Semtech from $60.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, November 30th. Cowen decreased their price objective on Semtech from $43.00 to $33.00 in a report on Thursday, December 1st. StockNews.com began coverage on Semtech in a report on Thursday. They set a “buy” rating for the company. Finally, Susquehanna Bancshares reduced their target price on Semtech to $34.00 in a report on Monday, November 28th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $49.08.

Semtech Price Performance

Shares of NASDAQ SMTC opened at $29.71 on Friday. The stock has a fifty day simple moving average of $31.66 and a two-hundred day simple moving average of $30.50. Semtech Co. has a 1-year low of $25.29 and a 1-year high of $73.48. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 1.03 and a beta of 1.70. The company has a current ratio of 5.96, a quick ratio of 5.17 and a debt-to-equity ratio of 0.57.

Semtech Company Profile

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Semtech Corp. engages in the manufacture and supply of analog and mixed signal semiconductor products for high-end consumer, enterprise computing, communications, and industrial equipment. The firm operates through the following business segments: Protection, Signal Integrity, and Wireless & Sensing.