Virginia Retirement Systems ET AL lifted its holdings in shares of Semtech Corporation (NASDAQ:SMTC) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,800 shares of the semiconductor company’s stock after buying an additional 100 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Semtech Corporation were worth $350,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Federated Investors Inc. PA lifted its stake in shares of Semtech Corporation by 75.0% during the 2nd quarter. Federated Investors Inc. PA now owns 24,656 shares of the semiconductor company’s stock valued at $882,000 after buying an additional 10,569 shares in the last quarter. Marshall Wace North America L.P. lifted its stake in shares of Semtech Corporation by 322.0% during the 2nd quarter. Marshall Wace North America L.P. now owns 76,038 shares of the semiconductor company’s stock valued at $2,738,000 after buying an additional 58,021 shares in the last quarter. Frontier Capital Management Co. LLC lifted its stake in shares of Semtech Corporation by 21.1% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,634,349 shares of the semiconductor company’s stock valued at $94,178,000 after buying an additional 459,808 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Semtech Corporation by 63.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 22,249 shares of the semiconductor company’s stock valued at $795,000 after buying an additional 8,669 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Semtech Corporation by 9.2% during the 2nd quarter. Legal & General Group Plc now owns 125,727 shares of the semiconductor company’s stock valued at $4,497,000 after buying an additional 10,614 shares in the last quarter. Institutional investors own 95.09% of the company’s stock.

A number of brokerages recently commented on SMTC. B. Riley restated a “buy” rating and set a $48.00 price target on shares of Semtech Corporation in a research note on Thursday, June 1st. BidaskClub cut shares of Semtech Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research cut shares of Semtech Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday. Robert W. Baird restated an “outperform” rating and set a $45.00 price target on shares of Semtech Corporation in a research note on Tuesday, June 13th. Finally, Drexel Hamilton restated a “buy” rating and set a $45.00 price target on shares of Semtech Corporation in a research note on Thursday, August 31st. 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’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $43.50.

Shares of Semtech Corporation (NASDAQ:SMTC) opened at 35.90 on Friday. The firm has a 50-day moving average of $38.06 and a 200 day moving average of $35.77. The stock has a market capitalization of $2.36 billion, a PE ratio of 39.98 and a beta of 1.45. Semtech Corporation has a 1-year low of $22.81 and a 1-year high of $41.15.

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

In other Semtech Corporation news, VP Mark C. Costello sold 897 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $36.27, for a total value of $32,534.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Glen M. Antle sold 5,579 shares of the business’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $35.82, for a total transaction of $199,839.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,873 shares of company stock valued at $2,243,657. Company insiders own 2.10% of the company’s stock.

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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.

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

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