Shell Asset Management Co. maintained its stake in Semtech Corporation (NASDAQ:SMTC) during the second quarter, Holdings Channel reports. The institutional investor owned 19,170 shares of the semiconductor company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Semtech Corporation were worth $685,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its stake in shares of Semtech Corporation by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 26,800 shares of the semiconductor company’s stock valued at $958,000 after buying an additional 100 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Semtech Corporation 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 buying an additional 150 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Semtech Corporation by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 7,280 shares of the semiconductor company’s stock valued at $246,000 after buying an additional 180 shares in the last quarter. Martingale Asset Management L P increased its stake in shares of Semtech Corporation by 0.3% in the first quarter. Martingale Asset Management L P now owns 67,624 shares of the semiconductor company’s stock valued at $2,286,000 after buying an additional 198 shares in the last quarter. Finally, Chicago Equity Partners LLC increased its stake in shares of Semtech Corporation by 1.2% in the first quarter. Chicago Equity Partners LLC now owns 28,340 shares of the semiconductor company’s stock valued at $958,000 after buying an additional 340 shares in the last quarter. 94.04% of the stock is owned by institutional investors.

Semtech Corporation (NASDAQ SMTC) opened at 38.20 on Friday. Semtech Corporation has a 52-week low of $22.81 and a 52-week high of $41.15. The company has a market cap of $2.51 billion, a PE ratio of 42.54 and a beta of 1.44. The firm’s 50-day moving average price is $37.71 and its 200 day moving average price is $35.32.

Semtech Corporation (NASDAQ:SMTC) last issued its quarterly earnings results on Wednesday, May 31st. The semiconductor company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Semtech Corporation had a return on equity of 12.16% and a net margin of 10.70%. The firm had revenue of $149.10 million for the quarter, compared to analysts’ expectations of $145.60 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, equities analysts predict that Semtech Corporation will post $1.85 EPS for the current fiscal year.

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Several equities research analysts have issued reports on the company. Royal Bank Of Canada reaffirmed a “hold” rating and set a $39.00 price target on shares of Semtech Corporation in a report on Thursday, July 6th. Robert W. Baird reaffirmed an “outperform” rating and set a $45.00 price target on shares of Semtech Corporation in a report on Tuesday, June 13th. B. Riley reaffirmed a “buy” rating and set a $48.00 price target on shares of Semtech Corporation in a report on Tuesday, June 6th. Drexel Hamilton raised their price target on Semtech Corporation from $42.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, June 1st. Finally, Zacks Investment Research raised Semtech Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, May 10th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $43.50.

In other news, EVP Charles B. Ammann sold 2,250 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $39.89, for a total transaction of $89,752.50. Following the transaction, the executive vice president now owns 14,905 shares of the company’s stock, valued at approximately $594,560.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mohan Maheswaran sold 1,500 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $36.27, for a total value of $54,405.00. Following the transaction, the insider now directly owns 196,811 shares in the company, valued at approximately $7,138,334.97. The disclosure for this sale can be found here. Insiders have sold a total of 90,088 shares of company stock worth $3,273,768 in the last ninety days. Insiders own 2.10% of the company’s stock.

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.

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Institutional Ownership by Quarter for Semtech Corporation (NASDAQ:SMTC)

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