Personal Capital Advisors Corp grew its position in Semtech Co. (NASDAQ:SMTC) by 7.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 86,333 shares of the semiconductor company’s stock after buying an additional 6,119 shares during the quarter. Personal Capital Advisors Corp owned 0.13% of Semtech worth $2,953,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of SMTC. Schwab Charles Investment Management Inc. raised its stake in Semtech by 21.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 338,792 shares of the semiconductor company’s stock valued at $12,112,000 after buying an additional 59,425 shares during the last quarter. Victory Capital Management Inc. raised its stake in Semtech by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,773 shares of the semiconductor company’s stock valued at $171,000 after buying an additional 717 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Semtech by 2.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,364 shares of the semiconductor company’s stock valued at $120,000 after purchasing an additional 65 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Semtech by 13.6% in the second quarter. Wells Fargo & Company MN now owns 125,837 shares of the semiconductor company’s stock valued at $4,499,000 after purchasing an additional 15,017 shares during the period. Finally, Riverhead Capital Management LLC increased its holdings in shares of Semtech by 65.5% in the second quarter. Riverhead Capital Management LLC now owns 5,130 shares of the semiconductor company’s stock valued at $183,000 after purchasing an additional 2,030 shares during the period. Institutional investors and hedge funds own 96.47% of the company’s stock.
Shares of Semtech Co. (NASDAQ:SMTC) traded down $0.30 during midday trading on Monday, hitting $32.50. The stock had a trading volume of 628,684 shares, compared to its average volume of 594,924. Semtech Co. has a twelve month low of $31.30 and a twelve month high of $41.95. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.80 and a quick ratio of 3.20. The firm has a market capitalization of $2,176.56, a PE ratio of 47.10, a PEG ratio of 4.40 and a beta of 1.41.
Semtech (NASDAQ:SMTC) last released its earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.04. Semtech had a return on equity of 12.13% and a net margin of 7.79%. The firm had revenue of $156.60 million during the quarter, compared to analysts’ expectations of $155.69 million. During the same period in the previous year, the firm posted $0.37 EPS. Semtech’s revenue for the quarter was up 11.1% on a year-over-year basis. analysts expect that Semtech Co. will post 1.21 EPS for the current year.
A number of research analysts have recently weighed in on SMTC shares. BidaskClub lowered Semtech from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Royal Bank of Canada reaffirmed a “hold” rating and set a $34.00 target price on shares of Semtech in a report on Thursday, November 30th. Zacks Investment Research raised Semtech from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. BWS Financial set a $49.00 price objective on Semtech and gave the company a “buy” rating in a report on Thursday, November 30th. Finally, Piper Jaffray Companies initiated coverage on Semtech in a research report on Monday, December 18th. They issued a “neutral” rating and a $35.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Semtech has an average rating of “Buy” and a consensus price target of $41.90.
In other news, EVP Charles B. Ammann sold 2,250 shares of the business’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $34.31, for a total value of $77,197.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mohan Maheswaran sold 11,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $35.16, for a total value of $386,760.00. Following the completion of the sale, the insider now directly owns 203,672 shares of the company’s stock, valued at $7,161,107.52. The disclosure for this sale can be found here. Insiders have sold a total of 53,284 shares of company stock valued at $1,888,945 over the last ninety days. 2.20% of the stock is owned by company insiders.
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Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The Company designs, develops and markets a range of products for commercial applications, which are sold into the enterprise computing, communications, consumer and industrial end-markets. Its product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability.
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