Teachers Retirement System of The State of Kentucky increased its position in shares of Semtech Corporation (NASDAQ:SMTC) by 11.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,400 shares of the semiconductor company’s stock after buying an additional 2,200 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Semtech Corporation were worth $723,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in SMTC. Advisors Asset Management Inc. boosted its stake in shares of 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of 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 in the last quarter. FNY Partners Fund LP boosted its stake in shares of 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 in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Semtech Corporation during the first quarter worth approximately $137,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Semtech Corporation during the first quarter worth approximately $144,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Shares of Semtech Corporation (NASDAQ:SMTC) traded down 0.69% on Friday, reaching $35.80. The company had a trading volume of 363,281 shares. The firm has a 50-day moving average price of $37.93 and a 200 day moving average price of $35.45. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 39.87 and a beta of 1.44. Semtech Corporation has a 1-year low of $22.81 and a 1-year high of $41.15.

Semtech Corporation (NASDAQ:SMTC) last released its quarterly earnings data on Wednesday, May 31st. The semiconductor company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $149.10 million during the quarter, compared to the consensus estimate of $145.60 million. Semtech Corporation had a net margin of 10.70% and a return on equity of 12.16%. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. Equities research analysts predict that Semtech Corporation will post $1.85 earnings per share for the current year.

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A number of analysts have commented on the company. B. Riley reissued a “buy” rating and issued a $48.00 price objective on shares of Semtech Corporation in a report on Thursday, June 1st. Drexel Hamilton upped their price target on Semtech Corporation from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, June 1st. Robert W. Baird reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Semtech Corporation in a report on Thursday, June 1st. BidaskClub cut Semtech Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, 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. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $43.50.

In related news, VP Emeka Chukwu sold 2,000 shares of Semtech Corporation stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $36.66, for a total transaction of $73,320.00. Following the completion of the transaction, the vice president now directly owns 77,776 shares of the company’s stock, valued at approximately $2,851,268.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mark C. Costello sold 897 shares of Semtech Corporation stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $37.81, for a total transaction of $33,915.57. Following the transaction, 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 a total of 91,400 shares of company stock valued at $3,327,434 over the last ninety days. 2.10% of the stock is owned by insiders.

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.

Institutional Ownership by Quarter for Semtech Corporation (NASDAQ:SMTC)

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