7,300 Shares in Semtech Corporation (SMTC) Acquired by Sensato Investors LLC

Sensato Investors LLC bought a new stake in shares of Semtech Corporation (NASDAQ:SMTC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,300 shares of the semiconductor company’s stock, valued at approximately $247,000.

Several other hedge funds have also modified their holdings of SMTC. Advisors Asset Management Inc. raised its stake in shares of Semtech Corporation by 34.1% in the first quarter. Advisors Asset Management Inc. now owns 3,002 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 764 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Semtech Corporation by 74.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,299 shares of the semiconductor company’s stock valued at $112,000 after buying an additional 1,405 shares during the period. Tyers Asset Management LLC acquired a new stake in shares of Semtech Corporation during the fourth quarter valued at $123,000. Victory Capital Management Inc. acquired a new stake in shares of Semtech Corporation during the first quarter valued at $137,000. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of Semtech Corporation during the fourth quarter valued at $135,000. Institutional investors and hedge funds own 93.97% of the company’s stock.

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

Shares of Semtech Corporation (NASDAQ SMTC) traded up 0.210% during trading on Wednesday, hitting $35.775. 213,139 shares of the stock were exchanged. The firm has a market capitalization of $2.35 billion, a P/E ratio of 39.839 and a beta of 1.39. The firm has a 50 day moving average price of $35.85 and a 200 day moving average price of $33.92. Semtech Corporation has a 52 week low of $21.35 and a 52 week high of $38.40.

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

WARNING: This piece of content was originally published by sleekmoney and is the sole property of of sleekmoney. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://sleekmoney.com/7300-shares-in-semtech-corporation-smtc-acquired-by-sensato-investors-llc/1928903.html.

Several analysts have recently weighed in on the stock. B. Riley reiterated a “buy” rating and set a $44.00 target price on shares of Semtech Corporation in a research report on Friday, March 31st. Robert W. Baird restated an “outperform” rating and issued a $45.00 price target on shares of Semtech Corporation in a research report on Tuesday, June 13th. DA Davidson boosted their price target on shares of Semtech Corporation from $35.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, March 9th. Drexel Hamilton restated a “buy” rating and issued a $42.00 price target (up from $35.00) on shares of Semtech Corporation in a research report on Thursday, March 9th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $42.00 price target (up from $36.00) on shares of Semtech Corporation in a research report on Monday, March 13th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $43.33.

In other news, insider Gary Beauchamp sold 30,899 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $35.52, for a total value of $1,097,532.48. Following the sale, the insider now directly owns 30,899 shares in the company, valued at approximately $1,097,532.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mohan Maheswaran sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $32.00, for a total transaction of $48,000.00. Following the completion of the sale, the insider now owns 198,311 shares in the company, valued at $6,345,952. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,545 shares of company stock worth $2,541,038. 2.20% of the stock is currently 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.

Want to see what other hedge funds are holding SMTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Semtech Corporation (NASDAQ:SMTC).

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/7300-shares-in-semtech-corporation-smtc-acquired-by-sensato-investors-llc/1928903.html

Receive News & Ratings for Semtech Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semtech Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *