Danske Bank A S Has $44,000 Holdings in Semtech Corporation $SMTC

Danske Bank A S cut its holdings in shares of Semtech Corporation (NASDAQ:SMTC) by 95.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 600 shares of the semiconductor company’s stock after selling 12,723 shares during the quarter. Danske Bank A S’s holdings in Semtech were worth $44,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SMTC. Hantz Financial Services Inc. grew its position in Semtech by 243.2% during the third quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock worth $36,000 after buying an additional 360 shares in the last quarter. AlphaQuest LLC raised its holdings in Semtech by 42.5% in the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 173 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Semtech by 65.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 235 shares in the last quarter. Assetmark Inc. lifted its position in shares of Semtech by 1,745.5% during the 3rd quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 576 shares during the period. Finally, Huntington National Bank lifted its position in shares of Semtech by 151.3% during the 3rd quarter. Huntington National Bank now owns 749 shares of the semiconductor company’s stock valued at $54,000 after acquiring an additional 451 shares during the period.

Semtech Stock Performance

Semtech stock opened at $121.81 on Friday. The company has a quick ratio of 1.66, a current ratio of 2.37 and a debt-to-equity ratio of 0.89. The stock has a market cap of $11.34 billion, a PE ratio of -276.84 and a beta of 2.22. Semtech Corporation has a 12-month low of $34.59 and a 12-month high of $127.18. The business’s 50-day moving average price is $90.10 and its two-hundred day moving average price is $80.82.

Semtech (NASDAQ:SMTC) last posted its earnings results on Monday, March 16th. The semiconductor company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $274.40 million during the quarter, compared to analysts’ expectations of $273.14 million. Semtech had a negative net margin of 3.86% and a positive return on equity of 18.09%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 earnings per share. As a group, analysts expect that Semtech Corporation will post 1.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. TD Cowen restated a “buy” rating on shares of Semtech in a research report on Tuesday, February 24th. Susquehanna upped their price objective on shares of Semtech from $90.00 to $100.00 and gave the stock a “positive” rating in a research report on Monday, March 9th. Weiss Ratings downgraded shares of Semtech from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Tuesday, March 24th. Robert W. Baird boosted their target price on shares of Semtech from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Finally, Craig Hallum upped their price target on shares of Semtech from $80.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, March 17th. Fourteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.71.

Insiders Place Their Bets

In other Semtech news, CEO Hong Q. Hou sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $90.11, for a total value of $180,220.00. Following the sale, the chief executive officer owned 73,228 shares in the company, valued at $6,598,575.08. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark Lin sold 9,186 shares of the business’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $75.05, for a total transaction of $689,409.30. Following the sale, the chief financial officer directly owned 32,710 shares in the company, valued at approximately $2,454,885.50. The trade was a 21.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 46,384 shares of company stock worth $3,920,140 over the last 90 days. Insiders own 0.48% of the company’s stock.

Semtech Company Profile

Semtech Corporation is a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms. The company’s products address a broad range of applications in the Internet of Things (IoT), data center and telecom, industrial, home automation, automotive, and aerospace markets. Semtech’s portfolio includes power management, signal integrity, protection devices, wireless and sensing technologies that enable smarter, more connected systems worldwide.

A core offering from Semtech is its LoRa® technology, a low-power, long-range wireless communication platform that has become a de facto standard for global IoT deployments.