Semtech Corp (NASDAQ:SMTC) Big Money Sentiment Crashed in Q2 2018 to 1.14

November 10, 2018 - By Joseph Taylor

Semtech Corporation (NASDAQ:SMTC) Corporate Logo

Positions for Semtech Corp (NASDAQ:SMTC)

“Big money sentiment for Semtech Corp (NASDAQ:SMTC) in 2018 Q2 decreased to 1.14, filings reveal. That’s down -0.07, from 2018Q1’s 1.21. 95 institutional investors opened new and increased stock positions, while 83 sold and reduced stakes in Semtech Corp so the sentiment fall. These funds own 63.32 million shares, that’s up from 62.89 million shares in 2018Q1. Funds holding Semtech Corp in top 10 was flat from 1 to 1 for the same number . 21 Investors Sold All; 62 Reduced Holdings; 61 increased stakes while 34 institutional investors bought stakes.

Biggest Semtech Corp Shareholders

As of 2018 Q2 Glaxis Capital Management Llc has 2.04% invested in Semtech Corp. Semtech Corp’s shareholder Frontier Capital Management Co Llc owns 4.41 million shares as of 2018 Q2. Further, Rice Hall James & Associates Llc reported 845,027 shares in Semtech Corp equivalent to 1.45% of its US long stock exposure. Stephens Investment Management Group Llc revealed 1.27 million shares position in Semtech Corp. The Pennsylvania-based fund Penn Capital Management Co Inc holds 321,478 shares or 1.13% of their US long stock exposure.

Semtech Corporation designs, develops, makes, and markets analog and mixed-signal semiconductor products.The company has $3.10 billion market cap. The firm provides signal integrity products, including a portfolio of optical communications, broadcast video, and backplane products used in various enterprise computing, industrial, communications, and high-end consumer applications; and a portfolio of integrated circuits for optical transceivers, backplane, and high-speed interface applications.The P/E ratio is 63.84. It also offers protection products, such as filter and termination devices that are integrated with the transient voltage suppressor devices, which protect electronic systems from voltage spikes; and wireless and sensing products comprising a portfolio of specialized radio frequency products used in various industrial, medical, and communications applications, as well as specialized sensing products used in industrial and consumer applications.

The stock decreased 3.81% or $1.85 during the last trading session, touching $46.73.Currently Semtech Corporation is uptrending after 64.39% change in last November 10, 2017. SMTC has also 381,205 shares volume. SMTC outperformed by 48.77% the S&P500.

On December, 5 Semtech Corporation (NASDAQ:SMTC)’s earnings release is anticipated by WallStreet, RTT reports. Analysts have anticipation on stock’s EPS of $0.46. That’s up 35.29 % from last year’s $0.34 EPS. If EPS of $0.46 is published the profit of SMTC could hit $30.47 million giving it 25.40 P/E. After $0.37 EPS report previous quarter, Wall Street now predicts 24.32 % EPS growth of Semtech Corporation.

Thompson Siegel And Walmsley Ltd Liability Corp, a Virginia-based fund reported 125,503 shs. 21,645 are owned by State Of Alaska Department Of Revenue. 51,681 are owned by Sei Com. Rhumbline Advisers holds 0.02% of its capital in Semtech Corporation (NASDAQ:SMTC) for 158,762 shs. Zurcher Kantonalbank (Zurich Cantonalbank) reported 4,478 shs or 0% of all its holdings. Tci Wealth Advsrs Incorporated, a Arizona-based fund reported 19 shs. California Employees Retirement accumulated 122,403 shs or 0.01% of the stock. Penn Mgmt Company reported 321,478 shs. Barclays Public Ltd holds 0% or 32,739 shs in its capital. Columbus Circle Investors holds 526,900 shs or 0.51% of its capital. Strs Ohio has 0% invested in Semtech Corporation (NASDAQ:SMTC). Pinebridge Investments Lp stated it has 42,991 shs. Profund Advisors Ltd holds 0.05% or 27,053 shs in its capital. Dekabank Deutsche Girozentrale owns 6,400 shs for 0% of their capital. State Of Wisconsin Investment Board accumulated 260,000 shs.

Semtech Corporation registered $17.06 million net activity with 0 insider purchases and 30 insider sales since May 15, 2018. On Tuesday, June 12 13,412 shs were sold by KIM JAMES JUNGSUP, worth $675,882. Ammann Charles B. sold 18,772 shs worth $938,853. MAHESWARAN MOHAN sold 2,500 shs worth $126,562. On Wednesday, September 5 $885,002 worth of Semtech Corporation (NASDAQ:SMTC) was sold by WILSON JOHN MICHAEL. Shares for $150,000 were sold by Pegulu Marc on Tuesday, June 5. 24,029 shs were sold by Beauchamp Gary, worth $1.13M.

Semtech Corporation (NASDAQ:SMTC) Ratings Coverage

In total 7 analysts cover Semtech (NASDAQ:SMTC). “Buy” rating has 6, “Sell” are 0, while 1 are “Hold”. 86% are bullish. 14 are the (NASDAQ:SMTC)’s analyst reports since May 21, 2018 according to StockzIntelligence Inc. On Tuesday, September 4 Needham downgraded the shares of SMTC in report to “Hold” rating. In Thursday, June 21 report FBR Capital maintained it with “Buy” rating and $68 target. On Thursday, May 31 the company was maintained by FBR Capital. The company rating was maintained by Stifel Nicolaus on Thursday, August 30. On Thursday, May 31 the rating was maintained by Roth Capital with “Buy”. On Thursday, May 24 the rating was maintained by Oppenheimer with “Outperform”. On Thursday, October 11 the stock of Semtech Corporation (NASDAQ:SMTC) has “Buy” rating given by Stifel Nicolaus. On Thursday, May 31 the stock has “Buy” rating by Drexel Hamilton. On Thursday, June 21 the rating was maintained by Oppenheimer with “Outperform”. In Thursday, May 31 report Needham maintained the stock with “Buy” rating.

More recent Semtech Corporation (NASDAQ:SMTC) news were brought out by, and The first one has “Report: Developing Opportunities within Strategic Education, Semtech, Immune Pharmaceuticals, American Renal …” as a title and was brought out on October 29, 2018. The next is “Trade of the Day: Semtech Corp (SMTC)” on October 29, 2018. And last was brought out on October 24, 2018, called “Here’s Why Leading Semiconductor Stocks Plunged Today”.

Semtech Corporation (NASDAQ:SMTC) Institutional Investors Chart

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