Semtech Corporation (SMTC) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System grew its position in Semtech Corporation (NASDAQ:SMTC) by 5.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 138,700 shares of the semiconductor company’s stock after buying an additional 7,600 shares during the period. California Public Employees Retirement System owned approximately 0.21% of Semtech Corporation worth $4,959,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its holdings in shares of Semtech Corporation by 113.4% in the 1st quarter. Russell Investments Group Ltd. now owns 36,728 shares of the semiconductor company’s stock valued at $1,242,000 after buying an additional 19,521 shares during the period. Legato Capital Management LLC grew its holdings in shares of Semtech Corporation by 890.2% in the 2nd quarter. Legato Capital Management LLC now owns 18,814 shares of the semiconductor company’s stock valued at $673,000 after buying an additional 16,914 shares during the period. Thrivent Financial For Lutherans grew its holdings in shares of Semtech Corporation by 5.0% in the 1st quarter. Thrivent Financial For Lutherans now owns 37,010 shares of the semiconductor company’s stock valued at $1,251,000 after buying an additional 1,760 shares during the period. BlackRock Inc. grew its holdings in shares of Semtech Corporation by 32,758.7% in the 1st quarter. BlackRock Inc. now owns 8,382,260 shares of the semiconductor company’s stock valued at $283,320,000 after buying an additional 8,356,750 shares during the period. Finally, Karp Capital Management Corp acquired a new position in shares of Semtech Corporation in the 1st quarter valued at $474,000. 94.42% of the stock is owned by institutional investors.

SMTC has been the subject of several research analyst reports. B. Riley reissued a “buy” rating and issued a $48.00 price target on shares of Semtech Corporation in a report on Thursday, October 5th. Drexel Hamilton reissued a “buy” rating and issued a $45.00 price target on shares of Semtech Corporation in a report on Thursday, August 31st. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $42.00 price target on shares of Semtech Corporation in a report on Sunday, August 27th. BidaskClub lowered shares of Semtech Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $39.00 price target on shares of Semtech Corporation in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $43.50.

In other Semtech Corporation news, insider Mohan Maheswaran sold 2,500 shares of Semtech Corporation stock in a transaction on Friday, September 15th. The shares were sold at an average price of $35.64, for a total value of $89,100.00. Following the completion of the sale, the insider now directly owns 220,372 shares of the company’s stock, valued at $7,854,058.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Mark C. Costello sold 897 shares of Semtech Corporation stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $37.81, for a total transaction of $33,915.57. Following the completion of the sale, the vice president now directly owns 897 shares of the company’s stock, valued at $33,915.57. The disclosure for this sale can be found here. Insiders have sold 69,767 shares of company stock valued at $2,687,287 in the last three months. 2.10% of the stock is owned by insiders.

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Semtech Corporation (NASDAQ SMTC) opened at 38.35 on Friday. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 40.54 and a beta of 1.45. Semtech Corporation has a 52 week low of $22.81 and a 52 week high of $41.15. The company has a 50-day moving average of $37.20 and a 200-day moving average of $36.43.

Semtech Corporation (NASDAQ:SMTC) last announced its earnings results on Wednesday, August 30th. The semiconductor company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Semtech Corporation had a net margin of 11.00% and a return on equity of 11.77%. The business had revenue of $153.10 million during the quarter, compared to the consensus estimate of $154.91 million. During the same quarter last year, the firm earned $0.35 earnings per share. Semtech Corporation’s quarterly revenue was up 12.7% on a year-over-year basis. On average, equities analysts forecast that Semtech Corporation will post $1.89 earnings per share for the current fiscal year.

About Semtech Corporation

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 Corporation (NASDAQ:SMTC)

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