Teachers Advisors LLC cut its stake in Semtech (NASDAQ:SMTC) by 70.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,476 shares of the semiconductor company’s stock after selling 282,994 shares during the period. Teachers Advisors LLC’s holdings in Semtech were worth $4,018,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of SMTC. Legal & General Group Plc increased its position in Semtech by 4.5% in the third quarter. Legal & General Group Plc now owns 131,375 shares of the semiconductor company’s stock worth $4,931,000 after buying an additional 5,648 shares during the period. JPMorgan Chase & Co. increased its position in Semtech by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 234,390 shares of the semiconductor company’s stock worth $8,731,000 after buying an additional 20,499 shares during the period. Wells Fargo & Company MN increased its position in Semtech by 296.3% in the third quarter. Wells Fargo & Company MN now owns 498,698 shares of the semiconductor company’s stock worth $18,726,000 after buying an additional 372,861 shares during the period. Stifel Financial Corp acquired a new stake in Semtech in the third quarter worth $209,000. Finally, Highbridge Capital Management LLC increased its position in Semtech by 732.5% in the third quarter. Highbridge Capital Management LLC now owns 54,397 shares of the semiconductor company’s stock worth $2,043,000 after buying an additional 62,997 shares during the period. 97.48% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO Emeka Chukwu sold 2,000 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $38.00, for a total transaction of $76,000.00. Following the completion of the transaction, the chief financial officer now owns 69,776 shares of the company’s stock, valued at $2,651,488. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mohan Maheswaran sold 22,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $32.63, for a total value of $717,860.00. Following the transaction, the insider now directly owns 196,872 shares of the company’s stock, valued at approximately $6,423,933.36. The disclosure for this sale can be found here. Insiders have sold 143,963 shares of company stock valued at $5,263,218 in the last ninety days. Company insiders own 2.20% of the company’s stock.
Shares of SMTC opened at $43.65 on Thursday. The firm has a market cap of $2,704.08, a PE ratio of 31.18, a price-to-earnings-growth ratio of 7.07 and a beta of 1.18. The company has a current ratio of 3.65, a quick ratio of 3.09 and a debt-to-equity ratio of 0.32. Semtech has a one year low of $31.30 and a one year high of $43.80.
Semtech (NASDAQ:SMTC) last issued its quarterly earnings results on Wednesday, March 14th. The semiconductor company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. Semtech had a return on equity of 13.34% and a net margin of 6.20%. The company had revenue of $142.11 million for the quarter, compared to analyst estimates of $140.49 million. During the same period last year, the company earned $0.37 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. sell-side analysts anticipate that Semtech will post 1.15 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This report was first posted by Dakota Financial News and is owned by of Dakota Financial News. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://dakotafinancialnews.com/2018/04/12/teachers-advisors-llc-has-4-02-million-holdings-in-semtech-smtc.html.
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.
Want to see what other hedge funds are holding SMTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Semtech (NASDAQ:SMTC).
Receive News & Ratings for Semtech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semtech and related companies with MarketBeat.com's FREE daily email newsletter.