Short Interest Change: Is Semtech Corporation (NASDAQ:SMTC)’s Fuel Running High? Reports Show Less Sellers

November 16, 2016 - By Darrin Black   ·   0 Comments

Short Interest Change: Is Semtech Corporation (NASDAQ:SMTC)’s Fuel Running High? Reports Show Less Sellers

The stock of Semtech Corporation (NASDAQ:SMTC) registered a decrease of 2.53% in short interest. SMTC’s total short interest was 1.30M shares in November as published by FINRA. Its down 2.53% from 1.34 million shares, reported previously. With 421,600 shares average volume, it will take short sellers 3 days to cover their SMTC’s short positions. The short interest to Semtech Corporation’s float is 2.01%. About 1 shares traded hands. Semtech Corporation (NASDAQ:SMTC) has risen 11.76% since April 14, 2016 and is uptrending. It has outperformed by 7.07% the S&P500.

Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The company has a market cap of $1.72 billion. The Company’s product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability. It has a 61.77 P/E ratio. It designs, develops and markets a portfolio of optical communications, broadcast video, surveillance video, active cable transceiver and backplane products used in enterprise computing, industrial, communications and consumer applications.

Insitutional Activity: The institutional sentiment increased to 1.48 in Q2 2016. Its up 0.13, from 1.35 in 2016Q1. The ratio increased, as 19 funds sold all Semtech Corporation shares owned while 44 reduced positions. 33 funds bought stakes while 60 increased positions. They now own 61.89 million shares or 0.71% less from 62.34 million shares in 2016Q1.
Proshare Advisors Limited Liability Corporation has invested 0% of its portfolio in Semtech Corporation (NASDAQ:SMTC). Moreover, Creative Planning has 0% invested in Semtech Corporation (NASDAQ:SMTC) for 6,528 shares. Moreover, D E Shaw And has 0.02% invested in Semtech Corporation (NASDAQ:SMTC) for 350,305 shares. Moreover, Ahl Limited Liability Partnership has 0.02% invested in Semtech Corporation (NASDAQ:SMTC) for 16,653 shares. Dimensional Fund L P has 1.78M shares for 0.02% of their US portfolio. Shinko Asset Management Limited accumulated 0.02% or 132,055 shares. Teacher Retirement System Of Texas accumulated 0% or 9,134 shares. Globeflex Ltd Partnership has 50,590 shares for 0.33% of their US portfolio. Thompson Davis & Communication has invested 0% of its portfolio in Semtech Corporation (NASDAQ:SMTC). Moreover, Loomis Sayles L P has 0.02% invested in Semtech Corporation (NASDAQ:SMTC) for 251,362 shares. Employees Retirement Sys Of Texas owns 197,000 shares or 0.06% of their US portfolio. Capital Glob Investors owns 811,000 shares or 0.01% of their US portfolio. Sei Invests accumulated 0% or 25,547 shares. Summit Grp Ltd, a New York-based fund reported 10,019 shares. Walleye Trading Limited Liability Corp holds 666 shares or 0% of its portfolio.

Insider Transactions: Since June 7, 2016, the stock had 0 insider buys, and 11 sales for $917,538 net activity. Another trade for 3,042 shares valued at $83,573 was sold by Costello Mark C. The insider MAHESWARAN MOHAN sold 1,500 shares worth $39,006. HANKIN ROCKELL N sold $188,439 worth of Semtech Corporation (NASDAQ:SMTC) on Thursday, October 6. The insider WILSON JOHN MICHAEL sold $75,463. BURRA JAMES P sold $122,276 worth of stock or 5,000 shares. 5,000 shares were sold by PIOTROWSKI JOHN L, worth $120,413. Another trade for 5,000 shares valued at $121,964 was made by LINDSTROM JAMES T on Wednesday, June 8.

Semtech Corporation (NASDAQ:SMTC) Ratings Coverage

Out of 5 analysts covering Semtech (NASDAQ:SMTC), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Semtech has been the topic of 10 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Monday, August 3 by RBC Capital Markets. The firm earned “Market Perform” rating on Thursday, August 20 by Oppenheimer. On Friday, August 14 the stock rating was upgraded by B. Riley & Co to “Sell”. Drexel Hamilton maintained the stock with “Buy” rating in Thursday, September 1 report. The company was maintained on Tuesday, November 17 by RBC Capital Markets. As per Friday, September 25, the company rating was downgraded by M Partners. The firm has “Buy” rating given on Monday, November 16 by B. Riley & Co.

SMTC Company Profile

Semtech Corporation, incorporated on December 19, 1960, is a supplier of analog and mixed-signal semiconductor products. The Firm designs, develops and markets a range of products for commercial applications, which are sold into the enterprise computing, communications, consumer and industrial end-markets. The Company’s product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability. Applications for the industrial market include video broadcast studio equipment, automated meter reading, smart grid, wireless charging, military and aerospace, medical, security systems, automotive, Internet of Things (IoT), industrial and home automation, video security and surveillance, and other industrial equipment. Enterprise computing end-markets include desktops, notebooks, servers, graphic boards, printers, monitors, datacenter related equipment, passive optical networks, storage networks and computer peripherals. Communications end-market applications include third generation (3G) or fourth generation (4G) or Long Term Evolution (LTE) wireless base stations, long-haul optical networks, carrier networks, switches and routers, cable modems, signal conditioners, wireless local area network (LAN) and other communication infrastructure equipment.

More news for Semtech Corporation (NASDAQ:SMTC) were recently published by: Globenewswire.com, which released: “Semtech to Lead UHD-SDI Standards and Technology Seminar at Inter BEE” on November 13, 2016. Seekingalpha.com‘s article titled: “Semtech Corporation’s (SMTC) CEO Mohan Maheswaran on Q1 2017 Results …” and published on June 02, 2016 is yet another important article.

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By Darrin Black


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