Teachers Advisors LLC Has $4.02 Million Holdings in Semtech (SMTC)

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.



A number of research analysts have recently commented on SMTC shares. BidaskClub raised Semtech from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. ValuEngine raised Semtech from a “hold” rating to a “buy” rating in a report on Tuesday, March 20th. Needham & Company LLC reissued a “buy” rating and set a $45.00 price target on shares of Semtech in a report on Friday, March 23rd. Royal Bank of Canada raised their price target on Semtech to $39.00 and gave the company a “market perform” rating in a report on Thursday, March 15th. Finally, Piper Jaffray raised Semtech from a “neutral” rating to an “overweight” rating and set a $35.00 price target on the stock in a report on Wednesday, April 4th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Semtech presently has a consensus rating of “Buy” and an average target price of $43.44.

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.

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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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