Financial Consulate Holding in General Electric Co (GE) Raised by $2.33 Million as Stock Declined; Robeco Institutional Asset Management Stake in Semtech (SMTC) Has Cut by $3.20 Million

May 23, 2018 - By Adrian Erickson

Semtech Corporation (NASDAQ:SMTC) Logo

Robeco Institutional Asset Management decreased its stake in Semtech Corp (SMTC) by 38.61% based on its latest 2017Q4 regulatory filing with the SEC. Robeco Institutional Asset Management sold 94,062 shares as the company’s stock rose 16.18% while stock markets declined. The institutional investor held 149,579 shares of the semiconductors company at the end of 2017Q4, valued at $5.12M, down from 243,641 at the end of the previous reported quarter. Robeco Institutional Asset Management who had been investing in Semtech Corp for a number of months, seems to be less bullish one the $2.88 billion market cap company. The stock decreased 0.46% or $0.2 during the last trading session, reaching $43.55. About 198,746 shares traded. Semtech Corporation (NASDAQ:SMTC) has risen 15.50% since May 23, 2017 and is uptrending. It has outperformed by 3.95% the S&P500.

Financial Consulate Inc increased its stake in General Electric Co (GE) by 637.92% based on its latest 2017Q4 regulatory filing with the SEC. Financial Consulate Inc bought 136,980 shares as the company’s stock declined 23.20% with the market. The institutional investor held 158,453 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $2.77M, up from 21,473 at the end of the previous reported quarter. Financial Consulate Inc who had been investing in General Electric Co for a number of months, seems to be bullish on the $132.80B market cap company. The stock increased 0.20% or $0.03 during the last trading session, reaching $15.29. About 65.74M shares traded. General Electric Company (NYSE:GE) has declined 54.35% since May 23, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Among 13 analysts covering Semtech (NASDAQ:SMTC), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Semtech had 42 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Hold” rating by RBC Capital Markets given on Wednesday, August 30. The stock has “Buy” rating by Drexel Hamilton on Thursday, September 1. Needham maintained the stock with “Buy” rating in Friday, March 23 report. The company was initiated on Monday, December 11 by Needham. The stock of Semtech Corporation (NASDAQ:SMTC) has “Buy” rating given on Wednesday, December 6 by Oppenheimer. Oppenheimer maintained it with “Buy” rating and $4200 target in Monday, May 29 report. The firm earned “Buy” rating on Thursday, June 29 by Oppenheimer. The firm has “Hold” rating given on Wednesday, March 14 by Piper Jaffray. On Thursday, January 18 the stock rating was maintained by Needham with “Buy”. The rating was maintained by B. Riley & Co with “Buy” on Thursday, August 31.

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 $13.21M for 54.44 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.

More notable recent Semtech Corporation (NASDAQ:SMTC) news were published by: Nasdaq.com which released: “Semtech and Comcast’s machineQ Announce LoRaWAN Network Availability in 10 Cities” on May 03, 2018, also Globenewswire.com with their article: “Semtech Keynotes at LoRa Allianceâ„¢ 10th All Members Meeting” published on May 17, 2018, Streetinsider.com published: “UPDATE: RBC Capital Upgrades Semtech Corp. (SMTC) to Outperform, ‘Upside Levers with LoRa and Downside …” on May 09, 2018. More interesting news about Semtech Corporation (NASDAQ:SMTC) were released by: Globenewswire.com and their article: “Semtech Announces Acquisition of IC Interconnect” published on May 02, 2018 as well as Globenewswire.com‘s news article titled: “Semtech’s LoRa Technology Integrated in AcSip’s Module for IoT Applications” with publication date: May 16, 2018.

Robeco Institutional Asset Management, which manages about $19.34 billion US Long portfolio, upped its stake in Praxair Inc (NYSE:PX) by 7,250 shares to 27,868 shares, valued at $4.31M in 2017Q4, according to the filing. It also increased its holding in Perrigo Co Plc (NYSE:PRGO) by 19,821 shares in the quarter, for a total of 52,733 shares, and has risen its stake in Micron Technology Inc (NASDAQ:MU).

Since December 13, 2017, it had 0 insider purchases, and 35 selling transactions for $7.25 million activity. Silberstein Asaf also sold $60,750 worth of Semtech Corporation (NASDAQ:SMTC) shares. Shares for $307,363 were sold by Faltemier Sharon K on Wednesday, March 21. $86,413 worth of stock was sold by Pegulu Marc on Wednesday, April 11. $78,000 worth of stock was sold by CHUKWU EMEKA on Monday, April 2. HANKIN ROCKELL N sold 12,500 shares worth $500,756. 13,000 shares valued at $452,334 were sold by KIM JAMES JUNGSUP on Tuesday, February 27.

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. Gemmer Asset Mngmt Limited Company reported 0% stake. First Advisors Lp has invested 0% in Semtech Corporation (NASDAQ:SMTC). Suffolk Cap Mgmt Llc accumulated 28,821 shares. Dekabank Deutsche Girozentrale accumulated 7,400 shares. Ls Investment Lc invested in 0% or 1,939 shares. Pillar Pacific Cap Mngmt Ltd reported 11,750 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 4,876 shares. Rice Hall James & Ltd Limited Liability Company reported 599,843 shares. Pnc Serv Grp has invested 0% of its portfolio in Semtech Corporation (NASDAQ:SMTC). Capital Rech Glob Invsts invested in 620,000 shares. Wesbanco Bancorporation Inc has invested 0.01% of its portfolio in Semtech Corporation (NASDAQ:SMTC). Contravisory Mngmt Inc accumulated 37 shares or 0% of the stock. Credit Suisse Ag has invested 0% in Semtech Corporation (NASDAQ:SMTC). Rhumbline Advisers reported 0.01% stake. Mufg Americas Holding invested in 0% or 1,230 shares.

More notable recent General Electric Company (NYSE:GE) news were published by: Streetinsider.com which released: “GE stock recovers from lows as key CEO presentation nears” on May 22, 2018, also Seekingalpha.com with their article: “General Electric’s Death Could Be Best For Shareholders” published on April 25, 2018, Seekingalpha.com published: “JPMorgan: GE short of healthy balance sheet” on May 22, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Livetradingnews.com and their article: “General Electric Company (NYSE:GE) Stock Worth Watching” published on May 22, 2018 as well as Seekingalpha.com‘s news article titled: “GE Is No Bargain At $14” with publication date: May 02, 2018.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It dived, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. The Florida-based Thomas J Herzfeld Advsrs has invested 0.02% in General Electric Company (NYSE:GE). Aristotle Capital Limited Liability Company holds 0.46% of its portfolio in General Electric Company (NYSE:GE) for 3.76M shares. Bridges Investment Counsel invested in 69,626 shares or 0.67% of the stock. Westport Asset Management holds 42,178 shares or 0.77% of its portfolio. Moreover, Augustine Asset Mgmt has 0.21% invested in General Electric Company (NYSE:GE) for 21,170 shares. Mount Vernon Associate Md holds 2.11% in General Electric Company (NYSE:GE) or 80,475 shares. Ingalls & Snyder Ltd Company holds 679,506 shares or 0.55% of its portfolio. American Assets Investment Mngmt Ltd Liability Com, California-based fund reported 450,000 shares. State Treasurer State Of Michigan has invested 0.36% in General Electric Company (NYSE:GE). Advantus Management reported 0.38% stake. Page Arthur B owns 30,652 shares. Trust Department Mb Financial Bank N A reported 95,949 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Management Corporation owns 1.63M shares or 0.25% of their US portfolio. Northeast Invest Mgmt invested 0.57% of its portfolio in General Electric Company (NYSE:GE). Independent Inc owns 90,513 shares for 0.61% of their portfolio.

Since January 26, 2018, it had 1 insider purchase, and 0 insider sales for $43,446 activity.

Financial Consulate Inc, which manages about $333.98M and $195.69M US Long portfolio, decreased its stake in Vanguard Scottsdale Fds (VGSH) by 7,323 shares to 33,759 shares, valued at $2.04M in 2017Q4, according to the filing.

Semtech Corporation (NASDAQ:SMTC) Institutional Positions Chart

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