Semtech Co. (SMTC) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund lowered its position in shares of Semtech Co. (NASDAQ:SMTC) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,748 shares of the semiconductor company’s stock after selling 3,580 shares during the quarter. Texas Permanent School Fund’s holdings in Semtech were worth $1,530,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its position in shares of Semtech by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,844 shares of the semiconductor company’s stock worth $1,781,000 after purchasing an additional 186 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Semtech by 8.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,901 shares of the semiconductor company’s stock worth $390,000 after purchasing an additional 866 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Semtech by 6.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 28,500 shares of the semiconductor company’s stock worth $975,000 after purchasing an additional 1,700 shares in the last quarter. Flinton Capital Management LLC boosted its position in shares of Semtech by 66.7% during the 2nd quarter. Flinton Capital Management LLC now owns 5,740 shares of the semiconductor company’s stock worth $205,000 after purchasing an additional 2,296 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Semtech by 1.9% during the 3rd quarter. Rhumbline Advisers now owns 130,593 shares of the semiconductor company’s stock worth $4,904,000 after purchasing an additional 2,421 shares in the last quarter. 95.86% of the stock is currently owned by institutional investors and hedge funds.

Shares of Semtech Co. (SMTC) opened at $32.80 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.80 and a quick ratio of 3.20. Semtech Co. has a fifty-two week low of $31.30 and a fifty-two week high of $41.95. The firm has a market cap of $2,220.00, a PE ratio of 48.24, a P/E/G ratio of 4.31 and a beta of 1.41.

Semtech (NASDAQ:SMTC) last posted its earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share for the quarter, topping the Zacks’ 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 analyst estimates of $155.69 million. During the same quarter in the prior year, the business posted $0.37 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. analysts expect that Semtech Co. will post 1.21 earnings per share for the current fiscal year.

A number of research firms have recently issued reports on SMTC. BidaskClub raised shares of Semtech from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Zacks Investment Research raised 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 set a “buy” rating and a $49.00 price objective on the stock. Oppenheimer reissued a “buy” rating and set a $42.00 price objective on shares of Semtech in a research report on Thursday, November 30th. Finally, Drexel Hamilton reissued a “buy” rating and set a $45.00 price objective on shares of Semtech in a research report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $41.90.

In related news, insider Mohan Maheswaran sold 11,000 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $35.16, for a total value of $386,760.00. Following the sale, the insider now owns 203,672 shares in the company, valued at approximately $7,161,107.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Michael Wilson sold 10,000 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $35.78, for a total transaction of $357,800.00. Following the completion of the sale, the executive vice president now owns 84,066 shares in the company, valued at approximately $3,007,881.48. The disclosure for this sale can be found here. Insiders sold a total of 53,284 shares of company stock worth $1,888,945 in the last 90 days. 2.10% of the stock is currently owned by company insiders.

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Semtech 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.

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Institutional Ownership by Quarter for Semtech (NASDAQ:SMTC)

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