Barclays PLC grew its position in shares of Semtech Co. (NASDAQ:SMTC – Get Rating) by 42.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,700 shares of the semiconductor company's stock after acquiring an additional 22,275 shares during the quarter. Barclays PLC owned 0.12% of Semtech worth $2,198,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the company. Hancock Whitney Corp boosted its position in Semtech by 4.2% during the 2nd quarter. Hancock Whitney Corp now owns 5,907 shares of the semiconductor company's stock worth $325,000 after acquiring an additional 239 shares during the last quarter. Victory Capital Management Inc. boosted its position in Semtech by 1.8% during the 2nd quarter. Victory Capital Management Inc. now owns 14,458 shares of the semiconductor company's stock worth $795,000 after acquiring an additional 254 shares during the last quarter. Texas Permanent School Fund boosted its holdings in shares of Semtech by 0.7% in the 2nd quarter. Texas Permanent School Fund now owns 45,986 shares of the semiconductor company's stock valued at $2,528,000 after buying an additional 303 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Semtech by 33.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,232 shares of the semiconductor company's stock valued at $68,000 after buying an additional 312 shares during the last quarter. Finally, Ethic Inc. boosted its holdings in shares of Semtech by 7.6% in the 1st quarter. Ethic Inc. now owns 4,548 shares of the semiconductor company's stock valued at $315,000 after buying an additional 320 shares during the last quarter. Institutional investors and hedge funds own 96.32% of the company's stock.
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Analyst Upgrades and Downgrades
SMTC has been the subject of several recent analyst reports. Susquehanna Bancshares cut their price objective on Semtech to $34.00 in a report on Monday, November 28th. Susquehanna cut their price objective on Semtech from $34.00 to $32.00 in a report on Thursday, December 1st. StockNews.com downgraded Semtech from a "buy" rating to a "hold" rating in a report on Friday, December 2nd. Cowen cut their price objective on Semtech from $43.00 to $33.00 in a report on Thursday, December 1st. Finally, Stifel Nicolaus dropped their price target on Semtech from $45.00 to $40.00 in a research note on Tuesday, November 22nd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $49.08.
Semtech Stock Up 0.9 %
SMTC stock opened at $34.74 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 5.96 and a quick ratio of 5.17. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 0.96 and a beta of 1.69. The business's fifty day moving average price is $30.09 and its two-hundred day moving average price is $35.48. Semtech Co. has a fifty-two week low of $25.29 and a fifty-two week high of $74.11.
Semtech (NASDAQ:SMTC – Get Rating) last posted its quarterly earnings data on Wednesday, November 30th. The semiconductor company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.14. The firm had revenue of $177.62 million for the quarter, compared to analysts' expectations of $176.03 million. Semtech had a return on equity of 21.15% and a net margin of 18.88%. On average, equities analysts anticipate that Semtech Co. will post 2.3 earnings per share for the current year.
About Semtech
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Semtech Corp. engages in the manufacture and supply of analog and mixed signal semiconductor products for high-end consumer, enterprise computing, communications, and industrial equipment. The firm operates through the following business segments: Protection, Signal Integrity, and Wireless & Sensing.
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