Semtech Co. (NASDAQ:SMTC) Stock Holdings Decreased by Putnam Investments LLC

Putnam Investments LLC lowered its stake in Semtech Co. (NASDAQ:SMTC – Get Rating) by 1.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 39,798 shares of the semiconductor company’s stock after selling 724 shares during the period. Putnam Investments LLC’s holdings in Semtech were worth $1,171,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Private Trust Co. NA bought a new stake in shares of Semtech during the 2nd quarter valued at about $26,000. Neo Ivy Capital Management bought a new stake in shares of Semtech during the 2nd quarter valued at about $41,000. Fifth Third Bancorp grew its position in shares of Semtech by 224.4% during the 3rd quarter. Fifth Third Bancorp now owns 837 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 579 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Semtech by 186.5% during the 1st quarter. Captrust Financial Advisors now owns 1,020 shares of the semiconductor company’s stock valued at $71,000 after buying an additional 664 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Semtech during the 1st quarter valued at about $84,000. Institutional investors own 96.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SMTC. StockNews.com raised shares of Semtech from a “hold” rating to a “buy” rating in a research report on Wednesday, February 22nd. Susquehanna restated a “neutral” rating and issued a $32.00 target price on shares of Semtech in a research report on Thursday, March 9th. Susquehanna Bancshares decreased their target price on shares of Semtech to $34.00 in a research report on Monday, November 28th. Cowen decreased their target price on shares of Semtech from $43.00 to $33.00 in a research report on Thursday, December 1st. Finally, Stifel Nicolaus decreased their target price on shares of Semtech from $45.00 to $40.00 in a research report on Tuesday, November 22nd. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $49.08.

Semtech Trading Down 0.7 %

Shares of NASDAQ:SMTC opened at $29.13 on Tuesday. The company has a 50 day moving average of $31.62 and a 200-day moving average of $30.80. The firm has a market cap of $1.86 billion, a P/E ratio of 12.72, a P/E/G ratio of 1.04 and a beta of 1.70. Semtech Co. has a twelve month low of $25.29 and a twelve month high of $73.48. The company has a current ratio of 5.96, a quick ratio of 5.17 and a debt-to-equity ratio of 0.57.

Semtech Company Profile

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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.