OxFORD Asset Management LLP cut its stake in shares of Semtech Corporation (NASDAQ:SMTC) by 16.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 54,308 shares of the semiconductor company’s stock after selling 11,018 shares during the period. OxFORD Asset Management LLP owned approximately 0.08% of Semtech Corporation worth $1,942,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Semtech Corporation by 32,758.7% during the 1st quarter. BlackRock Inc. now owns 8,382,260 shares of the semiconductor company’s stock worth $283,320,000 after acquiring an additional 8,356,750 shares in the last quarter. FMR LLC lifted its position in Semtech Corporation by 15.5% during the 2nd quarter. FMR LLC now owns 8,376,134 shares of the semiconductor company’s stock worth $299,446,000 after acquiring an additional 1,124,083 shares in the last quarter. Vanguard Group Inc. lifted its position in Semtech Corporation by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 6,080,648 shares of the semiconductor company’s stock worth $217,384,000 after acquiring an additional 75,993 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in shares of Semtech Corporation by 21.1% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,634,349 shares of the semiconductor company’s stock valued at $94,178,000 after purchasing an additional 459,808 shares in the last quarter. Finally, State Street Corp raised its position in shares of Semtech Corporation by 7.3% in the 1st quarter. State Street Corp now owns 1,815,889 shares of the semiconductor company’s stock valued at $61,377,000 after purchasing an additional 123,192 shares in the last quarter. 94.42% of the stock is currently owned by hedge funds and other institutional investors.

Semtech Corporation (NASDAQ SMTC) opened at 38.30 on Friday. The firm has a 50 day moving average price of $36.68 and a 200-day moving average price of $36.09. Semtech Corporation has a 12 month low of $22.81 and a 12 month high of $41.15. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 40.49 and a beta of 1.45.

Semtech Corporation (NASDAQ:SMTC) last released its earnings results on Wednesday, August 30th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $153.10 million for the quarter, compared to analyst estimates of $154.91 million. Semtech Corporation had a return on equity of 11.77% and a net margin of 11.00%. The company’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. On average, equities analysts forecast that Semtech Corporation will post $1.89 EPS for the current year.

In other Semtech Corporation news, Director James P. Burra sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $37.65, for a total value of $188,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Mark C. Costello sold 897 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $37.81, for a total value of $33,915.57. Following the completion of the sale, the vice president now owns 897 shares of the company’s stock, valued at approximately $33,915.57. The disclosure for this sale can be found here. Insiders sold a total of 54,294 shares of company stock valued at $2,031,987 in the last quarter. Corporate insiders own 2.10% of the company’s stock.

SMTC has been the topic of a number of recent analyst reports. B. Riley reaffirmed a “buy” rating and issued a $48.00 target price on shares of Semtech Corporation in a research report on Sunday, September 3rd. Drexel Hamilton reaffirmed a “buy” rating and issued a $45.00 target price on shares of Semtech Corporation in a research report on Thursday, August 31st. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $42.00 target price on shares of Semtech Corporation in a research report on Sunday, August 27th. BidaskClub lowered Semtech Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $39.00 target price on shares of Semtech Corporation in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.50.

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About Semtech Corporation

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 Corporation (NASDAQ:SMTC)

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