Kestrel Investment Management Corp decreased its position in Semtech Corporation (NASDAQ:SMTC) by 0.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 359,425 shares of the company’s stock after selling 1,800 shares during the period. Semtech Corporation makes up 4.2% of Kestrel Investment Management Corp’s holdings, making the stock its 2nd largest position. Kestrel Investment Management Corp owned 0.55% of Semtech Corporation worth $11,340,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of SMTC. Louisiana State Employees Retirement System boosted its stake in shares of Semtech Corporation by 0.3% in the third quarter. Louisiana State Employees Retirement System now owns 29,000 shares of the company’s stock worth $804,000 after buying an additional 100 shares during the last quarter. Aperio Group LLC boosted its stake in shares of Semtech Corporation by 1.3% in the third quarter. Aperio Group LLC now owns 11,499 shares of the company’s stock worth $319,000 after buying an additional 148 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Semtech Corporation by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 14,510 shares of the company’s stock worth $402,000 after buying an additional 260 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Semtech Corporation by 1.8% in the third quarter. Wells Fargo & Company MN now owns 37,089 shares of the company’s stock worth $1,028,000 after buying an additional 664 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. boosted its stake in shares of Semtech Corporation by 3.0% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 23,285 shares of the company’s stock worth $735,000 after buying an additional 670 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.
Shares of Semtech Corporation (NASDAQ:SMTC) traded up 0.45% on Tuesday, hitting $33.85. 281,498 shares of the stock traded hands. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 46.24 and a beta of 1.40. Semtech Corporation has a one year low of $16.81 and a one year high of $34.70. The company’s 50 day moving average is $32.80 and its 200 day moving average is $28.56.
Semtech Corporation (NASDAQ:SMTC) last issued its quarterly earnings results on Wednesday, November 30th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Semtech Corporation had a return on equity of 10.40% and a net margin of 9.16%. The company earned $137.20 million during the quarter. During the same quarter last year, the firm earned $0.19 earnings per share. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, equities analysts forecast that Semtech Corporation will post $1.36 EPS for the current year.
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A number of equities research analysts recently commented on the stock. B. Riley reissued a “buy” rating and issued a $37.00 price objective on shares of Semtech Corporation in a research note on Saturday, November 26th. RBC Capital Markets reaffirmed a “hold” rating and set a $32.00 price target on shares of Semtech Corporation in a research note on Tuesday, January 3rd. Drexel Hamilton reaffirmed a “buy” rating and set a $35.00 price target (up from $32.00) on shares of Semtech Corporation in a research note on Thursday, December 1st. TheStreet raised shares of Semtech Corporation from a “hold” rating to a “buy” rating in a research note on Friday, December 2nd. Finally, Oppenheimer Holdings, Inc. raised shares of Semtech Corporation from a “market perform” rating to an “outperform” rating and set a $36.00 price target on the stock in a research note on Thursday, December 1st. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $31.57.
In other news, Director James P. Burra sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $30.16, for a total transaction of $150,800.00. Following the sale, the director now directly owns 13,045 shares in the company, valued at $393,437.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mohan Maheswaran sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $33.49, for a total value of $50,235.00. Following the sale, the insider now owns 175,867 shares in the company, valued at $5,889,785.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,345 shares of company stock valued at $3,426,049. Corporate 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’s product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability. It designs, develops and markets a portfolio of optical communications, broadcast video, surveillance video, active cable transceiver and backplane products used in enterprise computing, industrial, communications and consumer applications.
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