OxFORD Asset Management LLP boosted its holdings in Semtech Co. (NASDAQ:SMTC) by 38.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,027 shares of the semiconductor company’s stock after acquiring an additional 20,719 shares during the quarter. OxFORD Asset Management LLP owned 0.11% of Semtech worth $2,809,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SMTC. Nisa Investment Advisors LLC increased its stake in Semtech by 2.4% in the second quarter. Nisa Investment Advisors LLC now owns 6,370 shares of the semiconductor company’s stock valued at $228,000 after acquiring an additional 150 shares during the period. Aperio Group LLC increased its stake in Semtech by 10.6% in the second quarter. Aperio Group LLC now owns 15,511 shares of the semiconductor company’s stock valued at $555,000 after acquiring an additional 1,488 shares during the period. Russell Investments Group Ltd. boosted its position in Semtech by 5.3% in the second quarter. Russell Investments Group Ltd. now owns 38,684 shares of the semiconductor company’s stock valued at $1,384,000 after buying an additional 1,956 shares in the last quarter. Strs Ohio boosted its position in Semtech by 22.2% in the second quarter. Strs Ohio now owns 3,300 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 600 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in Semtech by 20.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 18,040 shares of the semiconductor company’s stock valued at $645,000 after buying an additional 3,100 shares in the last quarter. 94.00% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Marc Pegulu sold 1,000 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $38.21, for a total value of $38,210.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Mohan Maheswaran sold 2,500 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $35.64, for a total transaction of $89,100.00. Following the completion of the transaction, the insider now owns 220,372 shares in the company, valued at $7,854,058.08. The disclosure for this sale can be found here. Insiders have sold 52,723 shares of company stock worth $2,060,117 over the last quarter. 2.20% of the stock is owned by company insiders.

A number of equities analysts have commented on the stock. BidaskClub lowered shares of Semtech from a “hold” rating to a “sell” rating in a research report on Thursday. B. Riley restated a “buy” rating and issued a $48.00 price target on shares of Semtech in a research report on Sunday, September 3rd. Drexel Hamilton restated a “buy” rating and issued a $45.00 price target on shares of Semtech in a research report on Thursday, November 30th. Oppenheimer restated a “buy” rating and issued a $42.00 price target on shares of Semtech in a research report on Thursday, November 30th. Finally, BWS Financial set a $49.00 price target on shares of Semtech and gave the company a “buy” rating in a research report on Thursday, November 30th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $43.29.

Semtech Co. (NASDAQ SMTC) opened at $34.00 on Monday. Semtech Co. has a 12-month low of $30.60 and a 12-month high of $41.95. The stock has a market cap of $2,256.19, a P/E ratio of 29.31, a PEG ratio of 5.62 and a beta of 1.41. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.20 and a current ratio of 3.80.

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

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About Semtech

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.

Institutional Ownership by Quarter for Semtech (NASDAQ:SMTC)

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