Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Semtech Co. (NASDAQ:SMTC) by 6.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,757 shares of the semiconductor company’s stock after purchasing an additional 279 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Semtech were worth $218,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. IFP Advisors Inc boosted its position in shares of Semtech by 44.7% during the 4th quarter. IFP Advisors Inc now owns 1,010 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 312 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Semtech during the 3rd quarter worth approximately $155,000. Glenmede Trust Co. NA boosted its position in shares of Semtech by 237.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,822 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 2,688 shares during the period. HPM Partners LLC purchased a new position in shares of Semtech during the 3rd quarter worth approximately $214,000. Finally, TRUE Private Wealth Advisors purchased a new position in shares of Semtech during the 3rd quarter worth approximately $222,000. 98.95% of the stock is owned by hedge funds and other institutional investors.
In other news, SVP James Jungsup Kim sold 2,500 shares of the firm’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $43.96, for a total value of $109,900.00. Following the sale, the senior vice president now directly owns 44,925 shares in the company, valued at approximately $1,974,903. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Michael Wilson sold 5,000 shares of the firm’s stock in a transaction on Monday, December 31st. The shares were sold at an average price of $45.52, for a total transaction of $227,600.00. The disclosure for this sale can be found here. Insiders sold a total of 169,040 shares of company stock valued at $8,343,343 in the last three months. 2.30% of the stock is currently owned by corporate insiders.
SMTC stock traded up $1.07 during midday trading on Tuesday, hitting $50.90. The company’s stock had a trading volume of 1,858 shares, compared to its average volume of 535,714. The company has a quick ratio of 3.53, a current ratio of 4.03 and a debt-to-equity ratio of 0.28. Semtech Co. has a 52-week low of $31.98 and a 52-week high of $60.55. The stock has a market capitalization of $3.26 billion, a PE ratio of 35.59, a P/E/G ratio of 2.21 and a beta of 1.65.
Semtech (NASDAQ:SMTC) last issued its quarterly earnings results on Wednesday, November 28th. The semiconductor company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Semtech had a net margin of 7.97% and a return on equity of 14.23%. The company had revenue of $173.60 million during the quarter, compared to analysts’ expectations of $173.06 million. During the same quarter last year, the company posted $0.54 EPS. The firm’s revenue was up 15.5% compared to the same quarter last year. Analysts expect that Semtech Co. will post 1.56 EPS for the current fiscal year.
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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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