EAM Investors LLC lowered its holdings in shares of Semtech Co. (NASDAQ:SMTC) by 28.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,631 shares of the semiconductor company’s stock after selling 19,678 shares during the period. EAM Investors LLC owned approximately 0.07% of Semtech worth $2,759,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Bank of Montreal Can bought a new stake in Semtech during the second quarter worth about $124,000. Meeder Asset Management Inc. bought a new stake in Semtech during the third quarter worth about $155,000. NumerixS Investment Technologies Inc bought a new stake in Semtech during the second quarter worth about $160,000. CIBC Asset Management Inc bought a new stake in Semtech during the second quarter worth about $215,000. Finally, Everence Capital Management Inc. bought a new stake in Semtech during the second quarter worth about $222,000. 98.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ SMTC opened at $43.90 on Tuesday. The company has a market capitalization of $3.11 billion, a PE ratio of 36.99, a PEG ratio of 6.02 and a beta of 1.68. Semtech Co. has a 52-week low of $31.30 and a 52-week high of $60.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.62 and a current ratio of 4.13.

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

In other news, SVP Asaf Silberstein sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $59.20, for a total transaction of $118,400.00. Following the completion of the transaction, the senior vice president now directly owns 41,897 shares of the company’s stock, valued at $2,480,302.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rockell N. Hankin sold 2,928 shares of the business’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 $9,045,836.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,886 shares of company stock worth $2,288,967. Insiders own 2.30% of the company’s stock.

SMTC has been the topic of several research reports. Piper Jaffray Companies boosted their price objective on shares of Semtech from $57.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, September 10th. Stifel Nicolaus boosted their price objective on shares of Semtech from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. BidaskClub lowered shares of Semtech from a “hold” rating to a “sell” rating in a research note on Thursday, August 30th. ValuEngine lowered shares of Semtech from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 24th. Finally, Needham & Company LLC lowered shares of Semtech from a “buy” rating to a “hold” rating and set a $42.00 price objective on the stock. in a research note on Tuesday, September 4th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $59.55.

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Semtech Company Profile

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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