Cortina Asset Management Has Cut Its Semtech (SMTC) Stake; Duluth Holdings – Class B (DLTH) SI Decreased By 1.98%

April 20, 2018 - By Michael Collier

Semtech Corporation (NASDAQ:SMTC) Logo

Cortina Asset Management Llc decreased Semtech Corp (SMTC) stake by 14.03% reported in 2017Q4 SEC filing. Cortina Asset Management Llc sold 103,458 shares as Semtech Corp (SMTC)’s stock rose 16.18%. The Cortina Asset Management Llc holds 633,971 shares with $21.68 million value, down from 737,429 last quarter. Semtech Corp now has $2.84B valuation. The stock decreased 0.35% or $0.15 during the last trading session, reaching $42.65. About 269,303 shares traded. Semtech Corporation (NASDAQ:SMTC) has risen 15.50% since April 20, 2017 and is uptrending. It has outperformed by 3.95% the S&P500.

Duluth Holdings Inc – Class B (NASDAQ:DLTH) had a decrease of 1.98% in short interest. DLTH’s SI was 5.82 million shares in April as released by FINRA. Its down 1.98% from 5.94 million shares previously. With 520,400 avg volume, 11 days are for Duluth Holdings Inc – Class B (NASDAQ:DLTH)’s short sellers to cover DLTH’s short positions. The SI to Duluth Holdings Inc – Class B’s float is 59.81%. The stock decreased 4.22% or $0.81 during the last trading session, reaching $18.38. About 147,953 shares traded. Duluth Holdings Inc. (NASDAQ:DLTH) has declined 15.54% since April 20, 2017 and is downtrending. It has underperformed by 27.09% the S&P500.

Investors sentiment increased to 1.11 in Q4 2017. Its up 0.09, from 1.02 in 2017Q3. It increased, as 30 investors sold SMTC shares while 59 reduced holdings. 28 funds opened positions while 71 raised stakes. 63.42 million shares or 2.84% more from 61.66 million shares in 2017Q3 were reported. Landscape Cap Limited reported 9,513 shares. Barclays Plc has 0% invested in Semtech Corporation (NASDAQ:SMTC). Nordea Invest Mgmt holds 71,038 shares. Federated Pa reported 1,654 shares. Principal Grp holds 0.02% or 535,865 shares in its portfolio. New York-based Ny State Teachers Retirement System has invested 0.01% in Semtech Corporation (NASDAQ:SMTC). Advsr Asset Inc invested in 0% or 1,595 shares. Amer Century has 0% invested in Semtech Corporation (NASDAQ:SMTC) for 34,223 shares. Cipher Cap Ltd Partnership reported 18,550 shares. Cortina Asset Management Limited Co stated it has 633,971 shares or 0.95% of all its holdings. Prudential Public Ltd holds 0.11% of its portfolio in Semtech Corporation (NASDAQ:SMTC) for 1.06M shares. Los Angeles Cap And Equity invested 0.01% of its portfolio in Semtech Corporation (NASDAQ:SMTC). Wolverine Asset Mngmt Ltd Com accumulated 43,414 shares or 0.02% of the stock. Manufacturers Life Insur The invested in 0% or 49,329 shares. Moreover, Stratos Wealth Limited has 0% invested in Semtech Corporation (NASDAQ:SMTC).

Since December 13, 2017, it had 0 insider buys, and 32 selling transactions for $6.68 million activity. $230,930 worth of Semtech Corporation (NASDAQ:SMTC) shares were sold by MAHESWARAN MOHAN. The insider BURRA JAMES P sold $197,577. On Monday, March 19 Costello Mark C sold $521,543 worth of Semtech Corporation (NASDAQ:SMTC) or 13,248 shares. On Thursday, March 15 the insider Ammann Charles B. sold $86,738. 2,000 shares valued at $78,719 were sold by Brown Simon A on Monday, March 19. 7,000 shares valued at $288,156 were sold by WILSON JOHN MICHAEL on Thursday, March 22. $74,100 worth of stock was sold by CHUKWU EMEKA on Wednesday, April 4.

Analysts await Semtech Corporation (NASDAQ:SMTC) to report earnings on May, 30. They expect $0.20 earnings per share, down 28.57% or $0.08 from last year’s $0.28 per share. SMTC’s profit will be $13.30M for 53.31 P/E if the $0.20 EPS becomes a reality. After $0.38 actual earnings per share reported by Semtech Corporation for the previous quarter, Wall Street now forecasts -47.37% negative EPS growth.

Among 13 analysts covering Semtech (NASDAQ:SMTC), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Semtech had 40 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, August 3. The rating was upgraded by B. Riley & Co on Monday, November 16 to “Buy”. On Wednesday, April 4 the stock rating was upgraded by PiperJaffray to “Overweight”. The firm earned “Buy” rating on Friday, March 23 by Needham. On Thursday, January 18 the stock rating was maintained by Needham with “Buy”. The stock has “Buy” rating by Oppenheimer on Thursday, June 29. RBC Capital Markets maintained it with “Hold” rating and $39.0 target in Wednesday, August 30 report. The firm earned “Buy” rating on Wednesday, March 14 by Drexel Hamilton. On Monday, December 11 the stock rating was initiated by Needham with “Buy”. The stock of Semtech Corporation (NASDAQ:SMTC) earned “Buy” rating by B. Riley & Co on Thursday, August 31.

Cortina Asset Management Llc increased Cray Inc (NASDAQ:CRAY) stake by 48,468 shares to 426,210 valued at $10.31M in 2017Q4. It also upped Blackhawk Network Holdings Inc (NASDAQ:HAWK) stake by 47,792 shares and now owns 247,269 shares. Mastec Inc (NYSE:MTZ) was raised too.

Semtech Corporation (NASDAQ:SMTC) Institutional Positions Chart

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