FNY Partners Fund LP lifted its stake in shares of Semtech Corporation (NASDAQ:SMTC) by 203.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,150 shares of the semiconductor company’s stock after purchasing an additional 8,150 shares during the period. FNY Partners Fund LP’s holdings in Semtech Corporation were worth $434,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SMTC. Nationwide Fund Advisors boosted its holdings in shares of Semtech Corporation by 6.2% during the 1st quarter. Nationwide Fund Advisors now owns 142,408 shares of the semiconductor company’s stock worth $4,813,000 after purchasing an additional 8,288 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Semtech Corporation by 113.4% during the 1st quarter. Russell Investments Group Ltd. now owns 36,728 shares of the semiconductor company’s stock worth $1,242,000 after purchasing an additional 19,521 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Semtech Corporation by 79.4% during the 1st quarter. Wells Fargo & Company MN now owns 110,820 shares of the semiconductor company’s stock worth $3,746,000 after purchasing an additional 49,056 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Semtech Corporation by 6.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 91,935 shares of the semiconductor company’s stock worth $3,103,000 after purchasing an additional 5,439 shares during the last quarter. Finally, Chicago Equity Partners LLC boosted its holdings in shares of Semtech Corporation by 1.2% during the 1st quarter. Chicago Equity Partners LLC now owns 28,340 shares of the semiconductor company’s stock worth $958,000 after purchasing an additional 340 shares during the last quarter. Institutional investors and hedge funds own 94.43% of the company’s stock.

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In other Semtech Corporation news, VP Mark C. Costello sold 897 shares of Semtech Corporation 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles B. Ammann sold 2,250 shares of Semtech Corporation stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $34.99, for a total transaction of $78,727.50. Following the completion of the sale, the executive vice president now directly owns 14,905 shares of the company’s stock, valued at $521,525.95. The disclosure for this sale can be found here. Insiders sold a total of 60,873 shares of company stock valued at $2,243,657 over the last ninety days. 2.20% of the stock is owned by corporate insiders.

Several research analysts have recently weighed in on SMTC shares. B. Riley restated a “buy” rating and set a $44.00 target price on shares of Semtech Corporation in a report on Tuesday, May 16th. Drexel Hamilton boosted their target price 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 restated an “outperform” rating and set a $45.00 target price on shares of Semtech Corporation in a report on Thursday, June 1st. Royal Bank Of Canada restated a “hold” rating and set a $39.00 target price on shares of Semtech Corporation in a report on Thursday, July 6th. Finally, BidaskClub cut Semtech Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $43.50.

Semtech Corporation (SMTC) traded down 0.96% on Tuesday, reaching $35.95. The company had a trading volume of 86,546 shares. The stock has a market capitalization of $2.36 billion, a PE ratio of 40.03 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 stock has a 50 day moving average price of $38.01 and a 200 day moving average price of $35.78.

Semtech Corporation (NASDAQ:SMTC) last released its earnings results on Wednesday, August 30th. The semiconductor company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The firm had revenue of $153.10 million during the quarter, compared to analysts’ expectations of $154.91 million. Semtech Corporation had a net margin of 11.00% and a return on equity of 11.77%. Semtech Corporation’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 EPS. Analysts expect that Semtech Corporation will post $1.89 EPS for the current 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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