Swiss National Bank Acquires 300 Shares of Semtech Co. (NASDAQ:SMTC)

Swiss National Bank grew its position in Semtech Co. (NASDAQ:SMTC) by 0.2% during the third quarter, HoldingsChannel.com reports. The firm owned 143,600 shares of the semiconductor company’s stock after buying an additional 300 shares during the quarter. Swiss National Bank’s holdings in Semtech were worth $11,196,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Millennium Management LLC raised its holdings in Semtech by 231.9% during the second quarter. Millennium Management LLC now owns 1,220,949 shares of the semiconductor company’s stock worth $84,001,000 after acquiring an additional 853,082 shares in the last quarter. Bank of New York Mellon Corp increased its position in Semtech by 19.8% during the second quarter. Bank of New York Mellon Corp now owns 3,039,937 shares of the semiconductor company’s stock worth $209,148,000 after buying an additional 502,872 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in Semtech during the second quarter worth approximately $27,197,000. Marshall Wace North America L.P. increased its position in Semtech by 786.5% during the second quarter. Marshall Wace North America L.P. now owns 252,637 shares of the semiconductor company’s stock worth $17,382,000 after buying an additional 224,139 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Semtech by 130.5% during the third quarter. Nordea Investment Management AB now owns 353,474 shares of the semiconductor company’s stock worth $27,490,000 after buying an additional 200,123 shares during the last quarter. Institutional investors own 95.88% of the company’s stock.

In other Semtech news, CEO Mohan Maheswaran sold 10,000 shares of the company’s stock in a transaction on Wednesday, December 8th. The stock was sold at an average price of $90.34, for a total transaction of $903,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Asaf Silberstein sold 1,000 shares of the stock in a transaction on Friday, January 14th. The shares were sold at an average price of $80.50, for a total value of $80,500.00. The disclosure for this sale can be found here. Insiders have sold 28,691 shares of company stock valued at $2,523,409 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

SMTC has been the topic of several research reports. Susquehanna upped their target price on Semtech from $75.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, December 2nd. Susquehanna Bancshares upped their target price on Semtech from $75.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, December 2nd. B. Riley upped their target price on Semtech from $97.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, November 29th. Oppenheimer upped their target price on Semtech from $85.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 22nd. Finally, Zacks Investment Research downgraded Semtech from a “buy” rating to a “sell” rating and set a $92.00 target price on the stock. in a research report on Tuesday, November 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Semtech presently has a consensus rating of “Buy” and a consensus price target of $86.45.

NASDAQ SMTC opened at $80.36 on Friday. The business has a fifty day moving average price of $87.24 and a two-hundred day moving average price of $76.62. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.01 and a quick ratio of 3.16. Semtech Co. has a fifty-two week low of $57.97 and a fifty-two week high of $94.92. The stock has a market capitalization of $5.18 billion, a PE ratio of 49.30, a PEG ratio of 3.50 and a beta of 1.48.

Semtech (NASDAQ:SMTC) last released its earnings results on Wednesday, December 1st. The semiconductor company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. Semtech had a return on equity of 15.97% and a net margin of 14.90%. The firm had revenue of $194.93 million during the quarter, compared to analysts’ expectations of $192.92 million. During the same period in the prior year, the company earned $0.31 earnings per share. As a group, sell-side analysts expect that Semtech Co. will post 1.87 earnings per share for the current year.

Semtech Profile

Semtech Corp. engages in the manufacture and supply of analog and mixed signal semiconductor products for high-end consumer, enterprise computing, communications, and industrial equipment. The firm operates through the following business segments: Protection, Signal Integrity, and Wireless & Sensing.

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Institutional Ownership by Quarter for Semtech (NASDAQ:SMTC)

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