Frontier Capital Management Co. LLC boosted its stake in Semtech Co. (NASDAQ:SMTC) by 15.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,465,395 shares of the semiconductor company’s stock after purchasing an additional 336,213 shares during the period. Frontier Capital Management Co. LLC’s holdings in Semtech were worth $84,317,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SMTC. Schwab Charles Investment Management Inc. increased its holdings in Semtech by 21.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 338,792 shares of the semiconductor company’s stock valued at $12,112,000 after purchasing an additional 59,425 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Semtech by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,773 shares of the semiconductor company’s stock valued at $171,000 after purchasing an additional 717 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Semtech by 2.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,364 shares of the semiconductor company’s stock valued at $120,000 after purchasing an additional 65 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Semtech in the 2nd quarter valued at approximately $217,000. Finally, Wells Fargo & Company MN increased its holdings in Semtech by 13.6% in the 2nd quarter. Wells Fargo & Company MN now owns 125,837 shares of the semiconductor company’s stock valued at $4,499,000 after purchasing an additional 15,017 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

SMTC has been the subject of several research reports. Oppenheimer reiterated a “buy” rating and issued a $42.00 target price on shares of Semtech in a report on Sunday, November 19th. Zacks Investment Research upgraded shares of Semtech from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. BWS Financial initiated coverage on shares of Semtech in a report on Monday, November 20th. They issued a “buy” rating and a $49.00 target price for the company. B. Riley reiterated a “buy” rating and issued a $46.00 target price (down previously from $48.00) on shares of Semtech in a report on Monday, November 27th. Finally, Piper Jaffray Companies initiated coverage on shares of Semtech in a report on Monday, December 18th. They issued a “neutral” rating and a $35.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $41.90.

In other Semtech news, SVP Asaf Silberstein sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $40.72, for a total value of $40,720.00. Following the completion of the transaction, the senior vice president now owns 28,900 shares in the company, valued at $1,176,808. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP James Jungsup Kim sold 1,500 shares of the business’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $34.32, for a total transaction of $51,480.00. Following the completion of the transaction, the senior vice president now owns 24,600 shares of the company’s stock, valued at approximately $844,272. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,534 shares of company stock valued at $1,715,752. Insiders own 2.10% of the company’s stock.

Semtech Co. (NASDAQ:SMTC) opened at $38.00 on Friday. The company has a market cap of $2,520.00, a price-to-earnings ratio of 55.88, a price-to-earnings-growth ratio of 6.32 and a beta of 1.41. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.80 and a quick ratio of 3.20. Semtech Co. has a 12 month low of $31.50 and a 12 month high of $41.95.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.04. The business had revenue of $156.60 million during the quarter, compared to the consensus estimate of $155.69 million. Semtech had a net margin of 7.79% and a return on equity of 12.13%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 earnings per share. sell-side analysts forecast that Semtech Co. will post 1.21 EPS for the current year.

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

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