Moody Aldrich Partners LLC Acquires 18,042 Shares of Semtech Co. (SMTC)

Moody Aldrich Partners LLC raised its holdings in Semtech Co. (NASDAQ:SMTC) by 54.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,227 shares of the semiconductor company’s stock after purchasing an additional 18,042 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Semtech were worth $2,608,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of Semtech by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 64,824 shares of the semiconductor company’s stock valued at $3,604,000 after buying an additional 9,237 shares during the last quarter. Teachers Advisors LLC boosted its position in Semtech by 0.4% during the 3rd quarter. Teachers Advisors LLC now owns 585,526 shares of the semiconductor company’s stock worth $32,555,000 after acquiring an additional 2,183 shares during the last quarter. Morgan Stanley boosted its position in Semtech by 119.4% during the 3rd quarter. Morgan Stanley now owns 517,181 shares of the semiconductor company’s stock worth $28,757,000 after acquiring an additional 281,404 shares during the last quarter. Vanguard Group Inc. boosted its position in Semtech by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 6,807,219 shares of the semiconductor company’s stock worth $378,481,000 after acquiring an additional 122,945 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its position in Semtech by 942,042.9% during the 3rd quarter. Clearbridge Investments LLC now owns 263,800 shares of the semiconductor company’s stock worth $14,667,000 after acquiring an additional 263,772 shares during the last quarter. Institutional investors own 99.94% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Semtech from a “sell” rating to a “hold” rating in a research note on Friday, February 1st. B. Riley lowered their price objective on Semtech from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th. ValuEngine upgraded Semtech from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 22nd. BidaskClub raised Semtech from a “hold” rating to a “buy” rating in a report on Wednesday, February 27th. Finally, Roth Capital lowered Semtech from a “buy” rating to a “neutral” rating and set a $49.00 target price on the stock. in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. Semtech currently has an average rating of “Buy” and a consensus target price of $59.00.

Shares of SMTC traded down $0.91 during trading hours on Friday, hitting $50.63. 37,840 shares of the company were exchanged, compared to its average volume of 658,558. The firm has a market cap of $3.51 billion, a P/E ratio of 38.06, a price-to-earnings-growth ratio of 3.57 and a beta of 1.65. Semtech Co. has a fifty-two week low of $41.28 and a fifty-two week high of $60.55. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.25 and a current ratio of 3.74.

Semtech (NASDAQ:SMTC) last released its earnings results on Wednesday, March 13th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. The company had revenue of $160.00 million for the quarter, compared to analyst estimates of $158.48 million. Semtech had a return on equity of 13.94% and a net margin of 10.05%. Semtech’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS. On average, research analysts predict that Semtech Co. will post 1.22 earnings per share for the current fiscal year.

In related news, EVP Gary Beauchamp sold 48,367 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $54.58, for a total value of $2,639,870.86. Following the sale, the executive vice president now directly owns 43,367 shares of the company’s stock, valued at $2,366,970.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emeka Chukwu sold 1,100 shares of the firm’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $54.97, for a total value of $60,467.00. Following the completion of the sale, the chief financial officer now directly owns 98,297 shares in the company, valued at $5,403,386.09. The disclosure for this sale can be found here. Insiders sold 123,614 shares of company stock worth $6,667,466 over the last ninety days. 2.30% of the stock is currently owned by insiders.

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Semtech 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, and communications applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.

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Institutional Ownership by Quarter for Semtech (NASDAQ:SMTC)

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