WINTON GROUP Ltd bought a new stake in Semtech Co. (NASDAQ:SMTC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 161,760 shares of the semiconductor company’s stock, valued at approximately $8,994,000. WINTON GROUP Ltd owned about 0.24% of Semtech at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Guggenheim Capital LLC raised its stake in shares of Semtech by 44.7% during the first quarter. Guggenheim Capital LLC now owns 27,233 shares of the semiconductor company’s stock valued at $1,063,000 after acquiring an additional 8,410 shares during the last quarter. Millennium Management LLC raised its stake in Semtech by 17.3% in the first quarter. Millennium Management LLC now owns 202,925 shares of the semiconductor company’s stock worth $7,924,000 after buying an additional 29,876 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in Semtech by 36.6% in the first quarter. Xact Kapitalforvaltning AB now owns 8,588 shares of the semiconductor company’s stock worth $335,000 after buying an additional 2,300 shares in the last quarter. Principal Financial Group Inc. raised its stake in Semtech by 2.9% in the first quarter. Principal Financial Group Inc. now owns 551,504 shares of the semiconductor company’s stock worth $21,536,000 after buying an additional 15,639 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in Semtech in the second quarter worth about $124,000. 96.77% of the stock is owned by hedge funds and other institutional investors.

In other Semtech news, EVP John Michael Wilson sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $59.00, for a total transaction of $885,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Rockell N. Hankin sold 2,928 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $57.30, for a total transaction of $167,774.40. Following the transaction, the director now directly owns 157,868 shares of the company’s stock, valued at approximately $9,045,836.40. The disclosure for this sale can be found here. Insiders have sold 38,886 shares of company stock valued at $2,288,967 in the last ninety days. Insiders own 2.30% of the company’s stock.

A number of research firms recently issued reports on SMTC. Stifel Nicolaus began coverage on shares of Semtech in a research note on Friday, July 20th. They issued a “buy” rating and a $60.00 price target for the company. Needham & Company LLC downgraded shares of Semtech from a “buy” rating to a “hold” rating and set a $42.00 price target for the company. in a research note on Tuesday, September 4th. BidaskClub downgraded shares of Semtech from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. ValuEngine downgraded shares of Semtech from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 24th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $55.00 price target on shares of Semtech in a research note on Monday, October 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $59.55.

Shares of NASDAQ SMTC opened at $46.73 on Friday. Semtech Co. has a fifty-two week low of $31.30 and a fifty-two week high of $60.55. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 38.40, a price-to-earnings-growth ratio of 6.25 and a beta of 1.68. The company has a quick ratio of 3.62, a current ratio of 4.13 and a debt-to-equity ratio of 0.29.

Semtech (NASDAQ:SMTC) last announced its earnings results on Wednesday, August 29th. The semiconductor company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. Semtech had a net margin of 8.48% and a return on equity of 12.66%. The business had revenue of $163.20 million during the quarter, compared to the consensus estimate of $161.21 million. During the same quarter last year, the firm earned $0.48 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, sell-side analysts anticipate that Semtech Co. will post 1.56 EPS for the current year.

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About Semtech

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. The company provides signal integrity products, including a portfolio of optical data communications and video transport products used in various enterprise computing, industrial, communications, and high-end consumer applications; and a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications.

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Institutional Ownership by Quarter for Semtech (NASDAQ:SMTC)

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