Semtech Co. (SMTC) Position Trimmed by Nationwide Fund Advisors
Nationwide Fund Advisors lowered its position in Semtech Co. (NASDAQ:SMTC) by 11.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 130,938 shares of the semiconductor company’s stock after selling 17,003 shares during the period. Nationwide Fund Advisors owned about 0.20% of Semtech worth $4,917,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of SMTC. Strs Ohio boosted its holdings in Semtech by 22.2% in the 2nd quarter. Strs Ohio now owns 3,300 shares of the semiconductor company’s stock worth $117,000 after buying an additional 600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Semtech by 2.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,364 shares of the semiconductor company’s stock worth $120,000 after buying an additional 65 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Semtech by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,773 shares of the semiconductor company’s stock valued at $171,000 after purchasing an additional 717 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in shares of Semtech by 65.5% during the 2nd 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 last quarter. Finally, Flinton Capital Management LLC boosted its holdings in shares of Semtech by 66.7% during the 2nd quarter. Flinton Capital Management LLC now owns 5,740 shares of the semiconductor company’s stock valued at $205,000 after purchasing an additional 2,296 shares during the last quarter. 94.00% of the stock is owned by institutional investors.
Semtech Co. (NASDAQ:SMTC) opened at $34.20 on Friday. Semtech Co. has a 1-year low of $31.00 and a 1-year high of $41.95. The company has a market cap of $2,290.00, a PE ratio of 29.66, a price-to-earnings-growth ratio of 5.69 and a beta of 1.41. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.32.
Semtech (NASDAQ:SMTC) last announced its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 EPS for the quarter, beating 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 firm had revenue of $156.60 million during the quarter, compared to the consensus estimate of $155.69 million. During the same quarter last year, the firm earned $0.37 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. equities research analysts forecast that Semtech Co. will post 1.21 earnings per share for the current fiscal year.
In related news, CFO Emeka Chukwu sold 2,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $37.72, for a total value of $75,440.00. Following the completion of the transaction, the chief financial officer now owns 77,776 shares of the company’s stock, valued at approximately $2,933,710.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Glen M. Antle sold 5,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $34.56, for a total transaction of $172,800.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $172,800. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,223 shares of company stock valued at $2,143,817. 2.10% of the stock is owned by insiders.
Several research analysts have commented on SMTC shares. Oppenheimer reissued a “buy” rating and set a $42.00 price objective on shares of Semtech in a report on Sunday, August 27th. Zacks Investment Research downgraded shares of Semtech from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. BWS Financial started coverage on shares of Semtech in a report on Monday, November 20th. They set a “buy” rating and a $49.00 price objective for the company. B. Riley reissued a “buy” rating and set a $46.00 price objective (down previously from $48.00) on shares of Semtech in a report on Monday, November 27th. Finally, Drexel Hamilton reissued a “buy” rating and set a $45.00 price objective on shares of Semtech in a report on Thursday, August 31st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. Semtech has an average rating of “Buy” and a consensus price target of $43.13.
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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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