4,000 Shares in Semtech Co. (SMTC) Purchased by TRUE Private Wealth Advisors

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TRUE Private Wealth Advisors bought a new stake in Semtech Co. (NASDAQ:SMTC) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,000 shares of the semiconductor company’s stock, valued at approximately $222,000.

A number of other institutional investors also recently modified their holdings of SMTC. Aperio Group LLC increased its stake in shares of Semtech by 14.9% during the 2nd quarter. Aperio Group LLC now owns 22,036 shares of the semiconductor company’s stock worth $1,037,000 after purchasing an additional 2,852 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Semtech by 3.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 407,349 shares of the semiconductor company’s stock worth $19,166,000 after purchasing an additional 14,920 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Semtech by 98.6% during the 2nd quarter. American Century Companies Inc. now owns 223,208 shares of the semiconductor company’s stock worth $10,502,000 after purchasing an additional 110,836 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in shares of Semtech by 4.5% during the 2nd quarter. Stephens Investment Management Group LLC now owns 1,269,062 shares of the semiconductor company’s stock worth $59,709,000 after purchasing an additional 55,141 shares in the last quarter. Finally, Verition Fund Management LLC increased its stake in shares of Semtech by 166.8% during the 2nd quarter. Verition Fund Management LLC now owns 14,680 shares of the semiconductor company’s stock worth $691,000 after purchasing an additional 9,178 shares in the last quarter. 96.45% of the stock is owned by institutional investors.

A number of research analysts have recently weighed in on SMTC shares. Stifel Nicolaus started coverage on shares of Semtech in a research note on Friday, July 20th. They set a “buy” rating and a $60.00 price objective for the company. BidaskClub raised shares of Semtech from a “hold” rating to a “buy” rating in a research note on Tuesday, July 17th. Needham & Company LLC raised their target price on shares of Semtech from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Roth Capital set a $63.00 target price on shares of Semtech and gave the stock a “buy” rating in a research report on Monday, October 8th. Finally, Royal Bank of Canada raised their target price on shares of Semtech to $55.00 and gave the stock an “outperform” rating in a research report on Monday, August 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $60.27.

In other Semtech news, SVP James Jungsup Kim sold 8,617 shares of Semtech stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $60.00, for a total value of $517,020.00. Following the transaction, the senior vice president now owns 54,842 shares in the company, valued at approximately $3,290,520. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Simon A. Brown sold 2,000 shares of Semtech stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $59.01, for a total transaction of $118,020.00. Following the completion of the transaction, the vice president now owns 17,193 shares in the company, valued at approximately $1,014,558.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,886 shares of company stock worth $2,288,967. 2.30% of the stock is owned by company insiders.

Shares of NASDAQ SMTC opened at $48.60 on Friday. Semtech Co. has a 1 year low of $31.30 and a 1 year high of $60.55. The company has a market cap of $3.37 billion, a P/E ratio of 34.71, a PEG ratio of 6.52 and a beta of 1.52. The company has a current ratio of 4.13, a quick ratio of 3.62 and a debt-to-equity ratio of 0.29.

Semtech (NASDAQ:SMTC) last announced its earnings results on Wednesday, August 29th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. Semtech had a net margin of 8.48% and a return on equity of 12.66%. The firm had revenue of $163.20 million for the quarter, compared to analyst estimates of $161.21 million. During the same quarter last year, the business earned $0.48 earnings per share. Semtech’s revenue was up 6.6% compared to the same quarter last year. Sell-side analysts anticipate that Semtech Co. will post 1.56 earnings per share for the current year.

Semtech Company Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. The company provides signal integrity products, including a portfolio of optical data communications and video transport products used in various enterprise computing, industrial, communications, and high-end consumer applications; and a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications.

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Institutional Ownership by Quarter for Semtech (NASDAQ:SMTC)

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