Semtech Corp (NASDAQ:SMTC) institutional sentiment decreased to 1.06 in Q2 2019. Its down -0.21, from 1.27 in 2019Q1. The ratio dived, as 100 funds started new and increased stock positions, while 94 sold and reduced stock positions in Semtech Corp. The funds in our partner's database now hold: 63.99 million shares, up from 62.16 million shares in 2019Q1. Also, the number of funds holding Semtech Corp in their top 10 stock positions decreased from 2 to 1 for a decrease of 1. Sold All: 35 Reduced: 59 Increased: 68 New Position: 32.
Semtech Corporation designs, develops, makes, and markets analog and mixed-signal semiconductor products. The company has market cap of $3.14 billion. 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. It has a 72.41 P/E ratio. 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 0.36% or $0.17 during the last trading session, reaching $47.14. About 27,088 shares traded. Semtech Corporation (NASDAQ:SMTC) has risen 11.78% since September 12, 2018 and is uptrending. It has outperformed by 11.78% the S&P500.
Analysts await Semtech Corporation (NASDAQ:SMTC) to report earnings on November, 27. They expect $0.29 EPS, down 42.00 % or $0.21 from last year's $0.5 per share. SMTC's profit will be $19.29 million for 40.64 P/E if the $0.29 EPS becomes a reality. After $0.25 actual EPS reported by Semtech Corporation for the previous quarter, Wall Street now forecasts 16.00 % EPS growth.
Rice Hall James & Associates Llc holds 1.73% of its portfolio in Semtech Corporation for 1.08 million shares. Stephens Investment Management Group Llc owns 1.12 million shares or 1.02% of their US portfolio. Moreover, Penn Capital Management Co Inc has 1.01% invested in the company for 212,410 shares. The Illinois-based Channing Capital Management Llc has invested 0.95% in the stock. Palisade Capital Management Llc Nj, a New Jersey-based fund reported 540,842 shares.
Ratings analysis reveals 82% of Semtech's analysts are positive. Out of 11 Wall Street analysts rating Semtech, 9 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold". The lowest target is $49 while the high is $65. The stock's average target of $56.75 is 20.39% above today's ($47.14) share price. SMTC was included in 16 notes of analysts from March 13, 2019. The stock of Semtech Corporation (NASDAQ:SMTC) earned "Buy" rating by Stifel Nicolaus on Thursday, March 14. RBC Capital Markets maintained Semtech Corporation (NASDAQ:SMTC) rating on Thursday, March 14. RBC Capital Markets has "Buy" rating and $55 target. Loop Capital Markets maintained Semtech Corporation (NASDAQ:SMTC) rating on Monday, March 18. Loop Capital Markets has "Buy" rating and $63 target. Susquehanna maintained it with "Hold" rating and $50 target in Thursday, March 14 report. Robert W. Baird maintained the stock with "Buy" rating in Wednesday, March 13 report. Wells Fargo maintained the stock with "Outperformer" rating in Thursday, August 29 report. The firm has "Buy" rating given on Thursday, March 14 by Piper Jaffray. The stock has "Buy" rating by FBR Capital on Thursday, March 14. Oppenheimer maintained Semtech Corporation (NASDAQ:SMTC) on Thursday, March 14 with "Buy" rating. Roth Capital downgraded it to "Hold" rating and $49 target in Thursday, March 14 report.
More notable recent Semtech Corporation (NASDAQ:SMTC) news were published by: Businesswire.com which released: "Semtech Supports Statewide LoRaWAN® Network Deployment in Tasmania - Business Wire" on August 28, 2019, also Nasdaq.com with their article: "Here's Why You Should Buy Semtech (SMTC) Stock Right Now - Nasdaq" published on September 19, 2018, Nasdaq.com published: "Semtech (SMTC) Matches Q1 Earnings Estimates - Nasdaq" on May 29, 2019. More interesting news about Semtech Corporation (NASDAQ:SMTC) were released by: Finance.Yahoo.com and their article: "Semtech Corporation (NASDAQ:SMTC): What Does Its Beta Value Mean For Your Portfolio? - Yahoo Finance" published on August 14, 2019 as well as Finance.Yahoo.com's news article titled: "I Ran A Stock Scan For Earnings Growth And Semtech (NASDAQ:SMTC) Passed With Ease - Yahoo Finance" with publication date: June 29, 2019.