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.
Get Semtech alerts: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
(Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Semtech (SMTC)
- Cathie Woods' Ark Innovation ETF Set To Rebound in 2023?
- Mullen Automotive Stock Gains Momentum On Positive News
- Harley-Davidson Inc. Stock, Is It Time To Buy?
- The Bottom Is In For Meta Platforms, Volatility Is Not Over
- Analyzing Alaska Air's Recent Earnings
Receive News & Ratings for Semtech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semtech and related companies with MarketBeat.com's FREE daily email newsletter.