Pillar Pacific Capital Management LLC maintained its stake in Semtech Corporation (NASDAQ:SMTC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,950 shares of the semiconductor company’s stock at the end of the second quarter. Pillar Pacific Capital Management LLC’s holdings in Semtech Corporation were worth $427,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the stock. Advisors Asset Management Inc. boosted its stake in Semtech Corporation by 34.1% in the first quarter. Advisors Asset Management Inc. now owns 3,002 shares of the semiconductor company’s stock worth $101,000 after buying an additional 764 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Semtech Corporation by 74.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,299 shares of the semiconductor company’s stock worth $112,000 after buying an additional 1,405 shares during the last quarter. Strs Ohio boosted its stake in Semtech Corporation by 22.2% in the second quarter. Strs Ohio now owns 3,300 shares of the semiconductor company’s stock worth $117,000 after buying an additional 600 shares during the last quarter. FNY Partners Fund LP boosted its stake in Semtech Corporation by 515.4% in the first quarter. FNY Partners Fund LP now owns 4,000 shares of the semiconductor company’s stock worth $135,000 after buying an additional 3,350 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in Semtech Corporation during the first quarter worth approximately $137,000. 93.75% of the stock is owned by institutional investors.
Semtech Corporation (NASDAQ:SMTC) opened at 37.90 on Friday. The firm has a 50 day moving average of $37.13 and a 200-day moving average of $35.03. Semtech Corporation has a 12-month low of $22.81 and a 12-month high of $41.15. The stock has a market cap of $2.49 billion, a PE ratio of 42.20 and a beta of 1.44.
Semtech Corporation (NASDAQ:SMTC) last released its earnings results on Wednesday, May 31st. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $149.10 million for the quarter, compared to analyst estimates of $145.60 million. Semtech Corporation had a return on equity of 12.16% and a net margin of 10.70%. Semtech Corporation’s revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. On average, analysts expect that Semtech Corporation will post $1.85 earnings per share for the current year.
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A number of research analysts have issued reports on the stock. B. Riley reaffirmed a “buy” rating and issued a $48.00 price target on shares of Semtech Corporation in a report on Tuesday, June 6th. Drexel Hamilton raised their price target on shares of Semtech Corporation from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, June 1st. Zacks Investment Research raised shares of Semtech Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, May 10th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $39.00 price target on shares of Semtech Corporation in a report on Thursday, July 6th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Semtech Corporation in a report on Tuesday, June 13th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $43.50.
In related news, SVP James Jungsup Kim sold 1,500 shares of Semtech Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $39.89, for a total transaction of $59,835.00. Following the transaction, the senior vice president now directly owns 30,600 shares of the company’s stock, valued at $1,220,634. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Emeka Chukwu sold 2,000 shares of Semtech Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $39.89, for a total value of $79,780.00. Following the transaction, the chief financial officer now directly owns 77,776 shares in the company, valued at $3,102,484.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,088 shares of company stock worth $3,273,768. 2.10% of the stock is owned by corporate insiders.
Semtech Corporation Company 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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