Blackrock Inc. is the biggest holder of Semtech Corporation (SMTC)

Semtech Corporation (NASDAQ:SMTC) reached 66.9% versus a 1-year low price of $31.3. The stock was last seen 2.75% higher, reaching at $52.24 on 01/11/2019. At recent session, the prices were hovering between $50.42 and $53.09. This company shares are 12.6% off its target price of $58.82 and the current market capitalization stands at $3.45B. The recent change has given its price a 11.98% lead over SMA 50 and -13.72% deficit over its 52-week high. The stock witnessed 9.75% gains, 5.73% gains and 4.58% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SMTC’s volatility during a week at 4.6% and during a month it has been found around 4.68%.

Semtech Corporation (SMTC) Top Holders

Institutional investors currently hold around $3.45 billion or 0% in SMTC stock. Look at its top three institutional owners. Blackrock Inc. owns $496.18 million in Semtech Corporation, which represents roughly 14.38% of the company’s market cap and approximately 14.37% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 6,807,219 shares of the stock are valued at $355.61 million. The third largest holder is Frontier Capital Management Co Llc, which currently holds $227.78 million worth of this stock and that ownership represents nearly 6.6% of its market capitalization.

Semtech Corporation 13F Filings

At the end of September reporting period, 124 institutional holders increased their position in Semtech Corporation (NASDAQ:SMTC) by some 5,934,836 shares, 110 decreased positions by 3,689,582 and 28 held positions by 56,489,813. That puts total institutional holdings at 66,114,231 shares, according to SEC filings. The stock grabbed 38 new institutional investments totaling 1,840,817 shares while 19 institutional investors sold out their entire positions totaling 497,706 shares.

Semtech Corporation (NASDAQ:SMTC) Insider Trades

Multiple company employees have indulged in significant insider trading. Semtech Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP Silberstein Asaf has sold 4,000 shares of Semtech Corporation (SMTC) in trading session dated Jan. 11, 2019. These shares are worth $208,760 and were traded at $52.19 each. The SEC filing shows that Kim James Jungsup performed a sale of 2,500 shares. The SVP disposed these shares by way of transaction on Jan. 11, 2019. The company’s shares were given away at $52.5 per share worth to an income of some $131,250 on account of Kim James Jungsup.

EVP and CFO, Chukwu Emeka, sold 1,100 common shares of Semtech Corporation (SMTC) in the open market. In a transaction dated Jan. 11, 2019, the shares were put up for sale at an average price of $51, raking in a sum of $56,100. After this sale, 86,030 common shares of SMTC are directly owned by the insider, with total stake valued at $4,494,207.

In the transaction dated Jan. 10, 2019, the great number of shares disposed came courtesy the Director; Hankin Rockell N disposed a total of 10,000 shares at an average price of $50.04, amounting to approximately $500,400. The insider now directly owns 144,940 shares worth $7,571,666.

Semtech Corporation (SMTC) Analyst Guide

Several analysts have released their opinion on Semtech Corporation (NASDAQ:SMTC), with 4 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 6 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.83 average brokerage recommendation.