Semtech (SMTC) Reaches $38.80 After 5.00% Up Move; Cove Street Capital Has Cut Continental Building Products (CBPX) Stake

January 14, 2018 - By Louis Casey

Cove Street Capital Llc decreased Continental Building Products (CBPX) stake by 54.46% reported in 2017Q3 SEC filing. Cove Street Capital Llc sold 59,800 shares as Continental Building Products (CBPX)’s stock rose 2.79%. The Cove Street Capital Llc holds 50,000 shares with $1.30 million value, down from 109,800 last quarter. Continental Building Products now has $1.10 billion valuation. The stock decreased 1.86% or $0.55 during the last trading session, reaching $29.05. About 137,803 shares traded. Continental Building Products, Inc. (NYSE:CBPX) has risen 13.56% since January 14, 2017 and is uptrending. It has underperformed by 3.14% the S&P500.

The stock of Semtech Corporation (NASDAQ:SMTC) is a huge mover today! The stock increased 4.02% or $1.5 during the last trading session, reaching $38.8. About 911,183 shares traded or 69.18% up from the average. Semtech Corporation (NASDAQ:SMTC) has risen 72.29% since January 14, 2017 and is uptrending. It has outperformed by 55.59% the S&P500.The move comes after 8 months positive chart setup for the $2.58B company. It was reported on Jan, 14 by Barchart.com. We have $40.74 PT which if reached, will make NASDAQ:SMTC worth $128.75M more.

Semtech Corporation designs, develops, makes, and markets analog and mixed-signal semiconductor products. The company has market cap of $2.58 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 56.89 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.

Analysts await Semtech Corporation (NASDAQ:SMTC) to report earnings on March, 14. They expect $0.26 earnings per share, up 4.00% or $0.01 from last year’s $0.25 per share. SMTC’s profit will be $17.26 million for 37.31 P/E if the $0.26 EPS becomes a reality. After $0.34 actual earnings per share reported by Semtech Corporation for the previous quarter, Wall Street now forecasts -23.53% negative EPS growth.

Among 12 analysts covering Semtech (NASDAQ:SMTC), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Semtech had 32 analyst reports since August 3, 2015 according to SRatingsIntel. On Wednesday, May 31 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, November 17. The stock of Semtech Corporation (NASDAQ:SMTC) has “Buy” rating given on Thursday, November 30 by Drexel Hamilton. The company was upgraded on Friday, August 14 by B. Riley & Co. The firm has “Buy” rating given on Thursday, June 29 by Oppenheimer. The rating was maintained by RBC Capital Markets on Monday, July 3 with “Hold”. The stock of Semtech Corporation (NASDAQ:SMTC) earned “Buy” rating by Drexel Hamilton on Thursday, June 1. The rating was maintained by RBC Capital Markets on Monday, October 2 with “Hold”. The rating was initiated by Needham with “Buy” on Monday, December 11. The stock of Semtech Corporation (NASDAQ:SMTC) has “Neutral” rating given on Friday, September 25 by M Partners.

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.05, from 1.07 in 2017Q2. It is negative, as 16 investors sold Semtech Corporation shares while 74 reduced holdings. 30 funds opened positions while 62 raised stakes. 61.66 million shares or 0.19% less from 61.78 million shares in 2017Q2 were reported. Glenmede Tru Na owns 232 shares. Walleye Trading Ltd Company, a Minnesota-based fund reported 15,915 shares. Geode Mgmt Limited Liability has 0.01% invested in Semtech Corporation (NASDAQ:SMTC) for 592,375 shares. Teachers Retirement Of The State Of Kentucky reported 21,400 shares stake. Aperio Ltd Liability Com stated it has 15,675 shares. Principal Fin Gp Inc holds 0.02% of its portfolio in Semtech Corporation (NASDAQ:SMTC) for 533,523 shares. Cs Mckee Lp, Pennsylvania-based fund reported 58,900 shares. Sg Americas Securities Limited Liability Company owns 33,162 shares. Stephens Investment Group Inc Llc owns 1.13 million shares. Kennedy Capital Mngmt Incorporated owns 73,150 shares. State Street Corporation accumulated 0.01% or 1.91 million shares. Tower Capital Ltd Co (Trc) reported 8,526 shares. Blackrock Incorporated invested in 0.02% or 8.25 million shares. New York-based Mufg Americas Corp has invested 0% in Semtech Corporation (NASDAQ:SMTC). Dorsey & Whitney Limited Liability Corp has 6,185 shares for 0.05% of their portfolio.

Since August 1, 2017, it had 0 buys, and 28 sales for $3.50 million activity. $140,639 worth of Semtech Corporation (NASDAQ:SMTC) was sold by Silberstein Asaf on Monday, October 2. 1,500 shares valued at $59,828 were sold by KIM JAMES JUNGSUP on Tuesday, August 1. The insider WILSON JOHN MICHAEL sold $357,760. 2,250 shares were sold by Ammann Charles B., worth $84,875. 897 shares were sold by Costello Mark C, worth $32,532. CHUKWU EMEKA sold $75,116 worth of Semtech Corporation (NASDAQ:SMTC) on Friday, September 1. MAHESWARAN MOHAN also sold $86,105 worth of Semtech Corporation (NASDAQ:SMTC) shares.

Investors sentiment decreased to 1.06 in Q3 2017. Its down 0.24, from 1.3 in 2017Q2. It worsened, as 17 investors sold CBPX shares while 49 reduced holdings. 25 funds opened positions while 45 raised stakes. 35.06 million shares or 5.09% less from 36.94 million shares in 2017Q2 were reported. Point72 Asset Mgmt LP invested in 277,800 shares or 0.03% of the stock. Indexiq Ltd Limited Liability Company reported 35,379 shares. Piermont Cap Mngmt holds 0.15% in Continental Building Products, Inc. (NYSE:CBPX) or 17,280 shares. Federated Invsts Pa has invested 0% in Continental Building Products, Inc. (NYSE:CBPX). Zacks Invest Mgmt stated it has 11,584 shares or 0.01% of all its holdings. Boston Prtn, a Massachusetts-based fund reported 172,611 shares. Fmr Limited Liability Com reported 1.19M shares or 0% of all its holdings. Dimensional Fund Advsr Limited Partnership holds 0.02% in Continental Building Products, Inc. (NYSE:CBPX) or 1.51 million shares. Skylands Cap Ltd Liability Company holds 1.14% or 330,950 shares. State Teachers Retirement System has invested 0% in Continental Building Products, Inc. (NYSE:CBPX). Ami Management has invested 2.33% in Continental Building Products, Inc. (NYSE:CBPX). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mngmt Corporation holds 0.02% or 74,500 shares in its portfolio. Lucus Advisors Limited Liability Corp owns 13,506 shares. Hudson Bay Mngmt Ltd Partnership stated it has 0.03% in Continental Building Products, Inc. (NYSE:CBPX). Brinker Cap Inc owns 39,876 shares.

Analysts await Continental Building Products, Inc. (NYSE:CBPX) to report earnings on February, 22. They expect $0.32 EPS, up 3.23% or $0.01 from last year’s $0.31 per share. CBPX’s profit will be $12.07 million for 22.70 P/E if the $0.32 EPS becomes a reality. After $0.29 actual EPS reported by Continental Building Products, Inc. for the previous quarter, Wall Street now forecasts 10.34% EPS growth.

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>