Today Semtech Corporation (NASDAQ:SMTC) Reported Increase in Shorted Shares

Cornelia Mascio
Giugno 1, 2017

The company has market cap of $39.49 billion. Mizuho upgraded Sucampo Pharmaceuticals, Inc.

The stock of Barnes Group Inc. (NASDAQ:SMTC) traded up 1.09% during mid-day trading on Monday, reaching $37.10. The rating was maintained by Jefferies on Wednesday, March 9 with "Hold". (NASDAQ:SCMP) rating on Thursday, August 4. On Thursday, January 19 the stock rating was initiated by SunTrust with "Hold". As per Friday, August 14, the company rating was upgraded by B. Riley & Co.

Since the start of the calendar year, Semtech Corporation (NASDAQ:SMTC)'s stock has changed 17.75%. The 1-year high was reported on May, 30 by After a recent check, company stock has been trading near the $37.03 mark. It is down 72.29% since May 31, 2016 and is uptrending. It has outperformed by 55.59% the S&P500.The move comes after 6 months positive chart setup for the $2.47 billion company.

Sucampo Pharmaceuticals, a biopharmaceutical company. Mfs Charter Income Tr now has $461.84 million valuation. The Firm is focused on the development and commercialization of pharmaceutical products. It has a 21.27 P/E ratio. The Company's primary focus areas are gastroenterology, ophthalmology and oncology-related disorders. It has underperformed by 15.58% the S&P500.

Investors sentiment decreased to 0.91 in Q4 2016. Its up 1.00, from 0.98 in 2016Q3. Sheets Smith Wealth Mngmt owns 17,347 shares. 82 funds opened positions while 219 raised stakes. Tyers Asset Management LLC bought a new stake in shares of Semtech during the fourth quarter worth about $123,000. Lpl Fincl Limited Liability holds 0% or 47,926 shares in its portfolio. Following the completion of the transaction, the insider now directly owns 198,311 shares of the company's stock, valued at approximately $6,345,952. Rhumbline Advisers owns 28,650 shares. Advisors Asset Management Inc. now owns 3,002 shares of the semiconductor company's stock worth $101,000 after buying an additional 764 shares during the period. During the same quarter in the previous year, the firm earned $0.17 EPS. Morgens Waterfall Vintiadis & Co Inc owns 70,000 shares or 2.11% of their U.S. portfolio. Alliancebernstein Limited Partnership owns 107,261 shares. Everpoint Asset Mgmt has invested 0.05% in Sucampo Pharmaceuticals, Inc. It is 0.00% or $0 reaching $8.71 per share.

Want to see what other hedge funds are holding SMTC? (NASDAQ:SCMP) or 51,900 shares.

Kestrel Investment Management Corp holds 4.23% of its portfolio in Semtech Corporation for 359,425 shares. Semtech had 13 analyst reports since August 3, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of SMTC in report on Tuesday, November 17 with "Sector Perform" rating. The firm has "Buy" rating by Oppenheimer given on Monday, May 29. As per Thursday, December 1, the company rating was upgraded by Oppenheimer. The stock of Semtech Corporation (NASDAQ:SMTC) has "Sector Perform" rating given on Monday, August 3 by RBC Capital Markets. The stock of Semtech Corporation (NASDAQ:SMTC) has "Buy" rating given on Monday, May 29 by Oppenheimer. The company was maintained on Thursday, September 1 by Drexel Hamilton. They expect $0.28 EPS, up 27.27% or $0.06 from last year's $0.22 per share. SMTC's profit will be $18.44M for 33.48 P/E if the $0.28 EPS becomes a reality. Ltd. purchased a new stake in Semtech during the fourth quarter worth approximately $135,000.

Investors sentiment decreased to 1.32 in 2016 Q4. Its up 0.83, from 0.85 in 2016Q3. Zacks Investment Research cut shares of Semtech from a "hold" rating to a "sell" rating in a report on Wednesday, May 3rd. Finally, FNY Partners Fund LP raised its position in shares of Semtech by 515.4% in the first quarter. Deutsche Financial Bank Ag holds 88,090 shares. Alphamark Advsrs Limited Liability Com owns 300 shares for 0% of their portfolio. Public Employees Retirement Association Of Colorado invested in 23,105 shares or 0.04% of the stock. Guggenheim Ltd Llc holds 0% or 22,521 shares. Municipal Employees Retirement System of MI boosted its position in shares of Semtech by 1.8% in the third quarter. Cipher Cap L P accumulated 35,063 shares. Advisors Asset Management Inc. raised its position in Semtech by 34.1% in the first quarter. Delta Asset Mngmt Tn has 25 shares for 0% of their portfolio. Philadelphia Tru Co invested 0.01% of its portfolio in MFS Charter Income Trust (NYSE:MCR).

Semtech Co. (NASDAQ:SMTC) posted its earnings results on Wednesday. Bnp Paribas Arbitrage, a New York-based fund reported 12,106 shares.

The short interest to Semtech Corporation's float is 0.99%. The Company designs, develops and markets a range of products for commercial applications, which are sold into the enterprise computing, communications, consumer and industrial end-markets. It has a 45.99 P/E ratio. The Company's product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability.

Since December 5, 2016, it had 0 insider buys, and 23 sales for $5.62 million activity.

In other news, insider John Michael Wilson sold 7,000 shares of the company's stock in a transaction on Monday, March 13th. Martingale Asset Management LP sold 13,886 shares as Semtech (SMTC)'s stock rose 1.00%. Another trade for 12,100 shares valued at $387,805 was made by CHUKWU EMEKA on Tuesday, December 13. The shares were sold at an average price of $37.02, for a total transaction of $74,040.00. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,299 shares of the semiconductor company's stock worth $112,000 after buying an additional 1,405 shares in the last quarter.

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