Strs Ohio grew its position in Semtech Corporation (NASDAQ:SMTC) by 269.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,200 shares of the semiconductor company’s stock after purchasing an additional 8,900 shares during the quarter. Strs Ohio’s holdings in Semtech Corporation were worth $458,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Semtech Corporation by 2.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,364 shares of the semiconductor company’s stock valued at $120,000 after buying an additional 65 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Semtech Corporation during the first quarter valued at $144,000. Victory Capital Management Inc. grew its holdings in shares of Semtech Corporation by 17.7% during the second quarter. Victory Capital Management Inc. now owns 4,773 shares of the semiconductor company’s stock valued at $171,000 after buying an additional 717 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Semtech Corporation by 65.5% during the second quarter. Riverhead Capital Management LLC now owns 5,130 shares of the semiconductor company’s stock valued at $183,000 after buying an additional 2,030 shares during the last quarter. Finally, Flinton Capital Management LLC grew its holdings in shares of Semtech Corporation by 66.7% during the second quarter. Flinton Capital Management LLC now owns 5,740 shares of the semiconductor company’s stock valued at $205,000 after buying an additional 2,296 shares during the last quarter. 93.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of Semtech Corporation (SMTC) opened at $39.10 on Friday. Semtech Corporation has a 1-year low of $25.35 and a 1-year high of $41.95. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.42 and a quick ratio of 2.83. The company has a market cap of $2,687.67, a price-to-earnings ratio of 36.91, a price-to-earnings-growth ratio of 6.60 and a beta of 1.48.

Semtech Corporation (NASDAQ:SMTC) last posted its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. Semtech Corporation had a net margin of 11.00% and a return on equity of 11.77%. The company had revenue of $153.10 million for the quarter, compared to analyst estimates of $154.91 million. During the same period in the prior year, the company earned $0.35 earnings per share. The firm’s revenue was up 12.7% on a year-over-year basis. equities research analysts anticipate that Semtech Corporation will post 1.23 EPS for the current year.

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A number of equities research analysts have recently weighed in on SMTC shares. B. Riley reissued a “buy” rating and set a $48.00 price objective on shares of Semtech Corporation in a report on Sunday, September 3rd. Drexel Hamilton reissued a “buy” rating and set a $45.00 price objective on shares of Semtech Corporation in a report on Thursday, August 31st. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $42.00 price objective on shares of Semtech Corporation in a report on Sunday, August 27th. BidaskClub lowered shares of Semtech Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Finally, Zacks Investment Research raised shares of Semtech Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $43.50.

In other Semtech Corporation news, insider Mohan Maheswaran sold 2,500 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $35.64, for a total value of $89,100.00. Following the sale, the insider now directly owns 220,372 shares of the company’s stock, valued at $7,854,058.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rockell N. Hankin sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $36.65, for a total transaction of $183,250.00. Following the completion of the transaction, the director now owns 154,940 shares of the company’s stock, valued at approximately $5,678,551. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,267 shares of company stock worth $2,671,487. 2.10% of the stock is owned by corporate insiders.

Semtech Corporation Company Profile

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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