Which Institutions Own Shares In Semtech Corp. (SMTC)?

Semtech Corp. (NASDAQ: SMTC) is -7.53% lower on its value in year-to-date trading and has touched a low of $13.13 and a high of $33.81 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SMTC stock was last observed hovering at around $19.83 in the last trading session, with the day’s gains setting it 0.43%.

Currently trading at $20.26, the stock is -0.11% and 0.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing 2.17% at the moment leaves the stock -7.59% off its SMA200. SMTC registered -40.08% loss for a year compared to 6-month loss of -23.95%. The firm has a 50-day simple moving average (SMA 50) of $3.03 and a 200-day simple moving average (SMA200) of -$8.75.

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The stock witnessed a -3.25% gain in the last 1 month and extending the period to 3 months gives it a 36.89%, and is 2.48% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.47% over the week and 4.16% over the month.

Semtech Corp. (SMTC) has around 2248 employees, a market worth around $1.30B and $843.32M in sales. Fwd P/E is 29.88. Profit margin for the company is -59.37%. Distance from 52-week low is 54.30% and -40.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-28.92%).

Semtech Corp. quarterly earnings per share for the current quarter are estimated at -$0.03 with sales reaching $196.46M over the same period.The EPS is expected to shrink by -96.07% this year, but quarterly earnings will post 15.80% year-over-year. Quarterly sales are estimated to grow 17.30% in year-over-year returns.

294 institutions hold shares in Semtech Corp. (SMTC), with institutional investors hold 121.75% of the company’s shares. The shares outstanding are 63.87M, and float is at 63.48M with Short Float at 20.32%. Institutions hold 120.34% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 10.47 million shares valued at $266.54 million. The investor’s holdings represent 16.31% of the SMTC Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 8.59 million shares valued at $218.7 million to account for 13.39% of the shares outstanding. The other top investors are State Street Corporation which holds 4.38 million shares representing 6.83% and valued at over $111.59 million, while Capital Research Global Investors holds 6.24% of the shares totaling 4.0 million with a market value of $101.92 million.

Semtech Corp. (SMTC) Insider Activity

A total of 10 insider transactions have happened at Semtech Corp. (SMTC) in the last six months, with sales accounting for 5 and purchases happening 5 times. The most recent transaction is an insider sale by Summers Sylvia, the company’s Board of Directors. SEC filings show that Summers Sylvia sold 16,000 shares of the company’s common stock on Dec 15 at a price of $22.39 per share for a total of $0.36 million. Following the sale, the insider now owns 13008.0 shares.

Semtech Corp. disclosed in a document filed with the SEC on Sep 28 that Rodensky Michael W (SVP) sold a total of 18,227 shares of the company’s common stock. The trade occurred on Sep 28 and was made at $25.50 per share for $0.46 million. Following the transaction, the insider now directly holds 0.0 shares of the SMTC stock.

Still, SEC filings show that on Sep 18, Walsh Paul V Jr (Director) acquired 20,000 shares at an average price of $24.83 for $0.5 million. The insider now directly holds 20,888 shares of Semtech Corp. (SMTC).

Semtech Corp. (SMTC): Who are the competitors?

One of the company’s main competitors (and peers) include Analog Devices Inc. (ADI) that is trading 8.74% up over the past 12 months.Texas Instruments Inc. (TXN) lies in the list of competitors of the Semtech Corp. and is -8.86% lower over the same period from SMTCON Semiconductor Corp. (ON) is -3.69% down on the 1-year trading charts.