Personal Capital Advisors Corp Acquires 6,119 Shares of Semtech Co. (SMTC)

Personal Capital Advisors Corp boosted its holdings in Semtech Co. (NASDAQ:SMTC) by 7.6% in the 4th quarter, Holdings Channel reports. The firm owned 86,333 shares of the semiconductor company’s stock after purchasing an additional 6,119 shares during the period. Personal Capital Advisors Corp’s holdings in Semtech were worth $2,953,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SMTC. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Semtech by 2.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,364 shares of the semiconductor company’s stock valued at $120,000 after acquiring an additional 65 shares during the period. Quantbot Technologies LP purchased a new position in shares of Semtech in the third quarter valued at about $133,000. Victory Capital Management Inc. increased its position in shares of Semtech by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,773 shares of the semiconductor company’s stock valued at $171,000 after acquiring an additional 717 shares during the period. Riverhead Capital Management LLC increased its position in shares of Semtech by 65.5% in the second quarter. Riverhead Capital Management LLC now owns 5,130 shares of the semiconductor company’s stock valued at $183,000 after acquiring an additional 2,030 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in shares of Semtech in the third quarter valued at about $204,000. 93.99% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Asaf Silberstein sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $40.72, for a total transaction of $40,720.00. Following the transaction, the senior vice president now owns 28,900 shares in the company, valued at $1,176,808. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Emeka Chukwu sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $40.67, for a total transaction of $81,340.00. Following the transaction, the chief financial officer now owns 73,776 shares in the company, valued at approximately $3,000,469.92. The disclosure for this sale can be found here. Insiders have sold 47,534 shares of company stock worth $1,715,752 in the last quarter. 2.10% of the stock is owned by corporate insiders.

Semtech Co. (NASDAQ:SMTC) opened at $37.85 on Friday. Semtech Co. has a 52-week low of $31.50 and a 52-week high of $41.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.20 and a current ratio of 3.80. The stock has a market cap of $2,521.62, a PE ratio of 54.86, a P/E/G ratio of 6.28 and a beta of 1.41.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.04. Semtech had a net margin of 7.79% and a return on equity of 12.13%. The company had revenue of $156.60 million for the quarter, compared to analysts’ expectations of $155.69 million. During the same quarter in the previous year, the company earned $0.37 earnings per share. Semtech’s quarterly revenue was up 11.1% on a year-over-year basis. research analysts forecast that Semtech Co. will post 1.21 EPS for the current fiscal year.

A number of research firms have issued reports on SMTC. BidaskClub upgraded shares of Semtech from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Royal Bank of Canada restated a “hold” rating and issued a $39.00 price objective on shares of Semtech in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Semtech from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. BWS Financial began coverage on shares of Semtech in a research report on Monday, November 20th. They issued a “buy” rating and a $49.00 price objective on the stock. Finally, Oppenheimer restated a “buy” rating and issued a $42.00 price objective on shares of Semtech in a research report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. Semtech presently has an average rating of “Buy” and a consensus target price of $41.90.

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About Semtech

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 (NASDAQ:SMTC)

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