GSA Capital Partners LLP Invests $201,000 in Semtech Co. (SMTC)

GSA Capital Partners LLP purchased a new stake in Semtech Co. (NASDAQ:SMTC) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,135 shares of the semiconductor company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Frontier Capital Management Co. LLC increased its position in shares of Semtech by 51.0% in the first quarter. Frontier Capital Management Co. LLC now owns 3,722,826 shares of the semiconductor company’s stock valued at $145,376,000 after acquiring an additional 1,257,431 shares during the last quarter. Palisade Capital Management LLC NJ increased its position in shares of Semtech by 117.2% in the first quarter. Palisade Capital Management LLC NJ now owns 526,904 shares of the semiconductor company’s stock valued at $20,576,000 after acquiring an additional 284,270 shares during the last quarter. BlackRock Inc. increased its position in shares of Semtech by 3.3% in the first quarter. BlackRock Inc. now owns 8,584,787 shares of the semiconductor company’s stock valued at $335,237,000 after acquiring an additional 276,394 shares during the last quarter. Bank of New York Mellon Corp increased its position 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 acquiring an additional 215,609 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of Semtech by 8.1% in the fourth quarter. Macquarie Group Ltd. now owns 1,237,974 shares of the semiconductor company’s stock valued at $42,339,000 after acquiring an additional 92,809 shares during the last quarter. 96.37% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Mohan Maheswaran sold 2,500 shares of Semtech stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $50.62, for a total transaction of $126,550.00. Following the completion of the transaction, the insider now owns 154,465 shares in the company, valued at $7,819,018.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Asaf Silberstein sold 21,740 shares of the business’s stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $50.10, for a total value of $1,089,174.00. Following the sale, the senior vice president now owns 45,616 shares of the company’s stock, valued at approximately $2,285,361.60. The disclosure for this sale can be found here. Insiders have sold 281,324 shares of company stock valued at $13,849,707 in the last quarter. 2.30% of the stock is currently owned by corporate insiders.

SMTC has been the topic of a number of recent research reports. Roth Capital set a $45.00 target price on Semtech and gave the company a “buy” rating in a research report on Thursday, March 15th. Summit Insights raised Semtech from a “hold” rating to a “buy” rating in a research report on Thursday, March 15th. ValuEngine raised Semtech from a “hold” rating to a “buy” rating in a research report on Tuesday, March 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Semtech in a research report on Friday, March 23rd. Finally, BidaskClub raised Semtech from a “hold” rating to a “buy” rating in a research report on Thursday, May 31st. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $53.44.

Semtech stock opened at $47.05 on Monday. Semtech Co. has a 52 week low of $31.30 and a 52 week high of $51.90. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.09 and a quick ratio of 3.51. The stock has a market cap of $3.11 billion, a P/E ratio of 33.61, a price-to-earnings-growth ratio of 8.42 and a beta of 1.23.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings results on Wednesday, May 30th. The semiconductor company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Semtech had a return on equity of 12.05% and a net margin of 6.44%. The business had revenue of $151.90 million during the quarter, compared to analysts’ expectations of $150.33 million. During the same quarter last year, the company posted $0.44 earnings per share. Semtech’s quarterly revenue was up 1.9% on a year-over-year basis. sell-side analysts predict that Semtech Co. will post 1.12 EPS for the current year.

Semtech Company Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. The company provides signal integrity products, including a portfolio of optical data communications and video transport products used in various enterprise computing, industrial, communications, and high-end consumer applications; and a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications.

Institutional Ownership by Quarter for Semtech (NASDAQ:SMTC)

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