Penn Capital Management Co. Inc. Increases Position in Semtech Co. (SMTC)

Penn Capital Management Co. Inc. lifted its position in Semtech Co. (NASDAQ:SMTC) by 30.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 393,084 shares of the semiconductor company’s stock after purchasing an additional 92,673 shares during the period. Penn Capital Management Co. Inc. owned 0.59% of Semtech worth $13,462,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of Semtech by 0.7% in the fourth quarter. BlackRock Inc. now owns 8,308,393 shares of the semiconductor company’s stock valued at $284,147,000 after purchasing an additional 56,028 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Semtech by 19.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,346,520 shares of the semiconductor company’s stock valued at $46,052,000 after purchasing an additional 215,609 shares during the period. Rhumbline Advisers boosted its holdings in shares of Semtech by 16.3% in the fourth quarter. Rhumbline Advisers now owns 151,857 shares of the semiconductor company’s stock valued at $5,194,000 after purchasing an additional 21,264 shares during the period. Arizona State Retirement System boosted its holdings in shares of Semtech by 224.0% in the fourth quarter. Arizona State Retirement System now owns 111,263 shares of the semiconductor company’s stock valued at $3,805,000 after purchasing an additional 76,921 shares during the period. Finally, Pinebridge Investments L.P. boosted its holdings in shares of Semtech by 26.7% in the fourth quarter. Pinebridge Investments L.P. now owns 61,167 shares of the semiconductor company’s stock valued at $2,092,000 after purchasing an additional 12,906 shares during the period. Hedge funds and other institutional investors own 96.47% of the company’s stock.

In other news, Director Glen M. Antle sold 5,000 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $34.56, for a total transaction of $172,800.00. Following the completion of the sale, the director now owns 5,000 shares in the company, valued at approximately $172,800. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP James Jungsup Kim sold 1,500 shares of the stock in a transaction on Friday, December 29th. The shares were sold at an average price of $34.32, for a total value of $51,480.00. Following the sale, the senior vice president now owns 24,600 shares of the company’s stock, valued at approximately $844,272. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,784 shares of company stock valued at $2,512,405. Company insiders own 2.10% of the company’s stock.

Shares of Semtech Co. (NASDAQ:SMTC) opened at $32.85 on Friday. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $2,223.01, a price-to-earnings ratio of 47.61, a price-to-earnings-growth ratio of 4.50 and a beta of 1.41. Semtech Co. has a twelve month low of $31.30 and a twelve month high of $41.95.

Semtech (NASDAQ:SMTC) last posted its earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.04. Semtech had a return on equity of 12.13% and a net margin of 7.79%. The company had revenue of $156.60 million during the quarter, compared to analyst estimates of $155.69 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. Semtech’s revenue was up 11.1% on a year-over-year basis. equities analysts forecast that Semtech Co. will post 1.21 EPS for the current year.

A number of analysts recently issued reports on the company. BidaskClub upgraded Semtech from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research upgraded Semtech from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. BWS Financial started coverage on Semtech in a report on Monday, November 20th. They set a “buy” rating and a $49.00 target price for the company. Oppenheimer restated a “buy” rating and set a $42.00 target price on shares of Semtech in a report on Thursday, November 30th. Finally, Drexel Hamilton restated a “buy” rating and set a $45.00 target price on shares of Semtech in a report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $41.90.

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Semtech Profile

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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Institutional Ownership by Quarter for Semtech (NASDAQ:SMTC)

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