Wesco Aircraft Holdings, Inc. (WAIR) Reaches $11.00 After 7.00% Up Move; Semtech (SMTC)’s Sentiment Is 1.11

May 21, 2018 - By Linda Rogers

Semtech Corporation (NASDAQ:SMTC) Logo

Semtech Corp (SMTC) investors sentiment increased to 1.11 in 2017 Q4. It’s up 0.09, from 1.02 in 2017Q3. The ratio has improved, as 99 active investment managers started new and increased positions, while 89 cut down and sold their positions in Semtech Corp. The active investment managers in our database reported: 63.42 million shares, up from 61.66 million shares in 2017Q3. Also, the number of active investment managers holding Semtech Corp in top ten positions was flat from 0 to 0 for the same number . Sold All: 30 Reduced: 59 Increased: 71 New Position: 28.

The stock of Wesco Aircraft Holdings, Inc. (NYSE:WAIR) is a huge mover today! The stock increased 3.77% or $0.4 during the last trading session, reaching $11. About 127,638 shares traded. Wesco Aircraft Holdings, Inc. (NYSE:WAIR) has declined 7.62% since May 21, 2017 and is downtrending. It has underperformed by 19.17% the S&P500.The move comes after 9 months positive chart setup for the $1.09B company. It was reported on May, 21 by Barchart.com. We have $11.77 PT which if reached, will make NYSE:WAIR worth $76.58 million more.

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 $13.20 million for 54.19 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.

The stock decreased 0.23% or $0.1 during the last trading session, reaching $43.35. About 114,991 shares traded. Semtech Corporation (SMTC) has risen 15.50% since May 21, 2017 and is uptrending. It has outperformed by 3.95% the S&P500.

Since January 1, 0001, it had 0 buys, and 35 sales for $7.25 million activity.

More notable recent Semtech Corporation (NASDAQ:SMTC) news were published by: Nasdaq.com which released: “Semtech and Comcast’s machineQ Sponsor City Innovate to Foster Development of Smart Cities” on May 21, 2018, also Globenewswire.com with their article: “Semtech Keynotes at LoRa Allianceâ„¢ 10th All Members Meeting” published on May 17, 2018, Globenewswire.com published: “Semtech’s LoRa Technology Integrated in AcSip’s Module for IoT Applications” on May 16, 2018. More interesting news about Semtech Corporation (NASDAQ:SMTC) were released by: Globenewswire.com and their article: “Semtech Announces Accelerated Vesting of Comcast Warrant” published on May 03, 2018 as well as Globenewswire.com‘s news article titled: “Semtech Announces Acquisition of IC Interconnect” with publication date: May 02, 2018.

Mesirow Financial Investment Management holds 1.03% of its portfolio in Semtech Corporation for 424,690 shares. Cortina Asset Management Llc owns 633,971 shares or 0.95% of their US portfolio. Moreover, Penn Capital Management Co Inc has 0.94% invested in the company for 393,084 shares. The Texas-based Stephens Investment Management Group Llc has invested 0.94% in the stock. Rice Hall James & Associates Llc, a California-based fund reported 599,843 shares.

Ratings analysis reveals 67% of Semtech’s analysts are positive. Out of 3 Wall Street analysts rating Semtech, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $32.0 while the high is $32.0. The stock’s average target of $32 is -26.18% below today’s ($43.35) share price. SMTC was included in 3 notes of analysts from September 1, 2016. The firm has “Outperform” rating given on Thursday, December 1 by Oppenheimer. The rating was maintained by Drexel Hamilton on Thursday, September 1 with “Buy”. The firm has “Sector Perform” rating given on Thursday, December 1 by RBC Capital Markets.

Semtech Corporation designs, develops, makes, and markets analog and mixed-signal semiconductor products. The company has market cap of $2.86 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 80.28 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.

Investors sentiment decreased to 1.27 in Q4 2017. Its down 0.15, from 1.42 in 2017Q3. It dived, as 12 investors sold Wesco Aircraft Holdings, Inc. shares while 29 reduced holdings. 26 funds opened positions while 26 raised stakes. 86.90 million shares or 6.95% less from 93.39 million shares in 2017Q3 were reported. Cutter & Brokerage reported 41,750 shares. Stone Ridge Asset Management Lc holds 0.02% or 41,527 shares in its portfolio. Legal & General Group Public Ltd Company has invested 0% of its portfolio in Wesco Aircraft Holdings, Inc. (NYSE:WAIR). Wells Fargo And Mn stated it has 100,771 shares. 498,954 were accumulated by Private Management Grp. Parallax Volatility Advisers Ltd Partnership holds 8,568 shares. Systematic Lp reported 192,850 shares. 2.26M are held by Lsv Asset. Millennium Management Lc invested 0% of its portfolio in Wesco Aircraft Holdings, Inc. (NYSE:WAIR). 366 are owned by Glenmede Company Na. California Public Employees Retirement System reported 0% in Wesco Aircraft Holdings, Inc. (NYSE:WAIR). Goldman Sachs Grp Incorporated holds 205,651 shares. Quantbot Techs Limited Partnership holds 0.01% or 7,829 shares. Renaissance Tech Llc stated it has 149,900 shares. Ellington Grp Inc Ltd Liability Company owns 12,700 shares for 0.02% of their portfolio.

More recent Wesco Aircraft Holdings, Inc. (NYSE:WAIR) news were published by: Globenewswire.com which released: “Wesco Aircraft Holdings Reports Fiscal 2018 Second Quarter Results” on May 03, 2018. Also Finance.Yahoo.com published the news titled: “5 Defense Stocks to Tap US-North Korea Denuclearization Row” on May 17, 2018. Nasdaq.com‘s news article titled: “Boeing’s Latest Deal Is a Blow to Wesco Aircraft” with publication date: May 07, 2018 was also an interesting one.

Since February 14, 2018, it had 2 insider buys, and 0 selling transactions for $5.62 million activity. Another trade for 83,810 shares valued at $775,988 was made by Makaira Partners LLC on Thursday, March 1.

Among 9 analysts covering Wesco Aircraft Holdings (NYSE:WAIR), 2 have Buy rating, 0 Sell and 7 Hold. Therefore 22% are positive. Wesco Aircraft Holdings had 29 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Sell” rating by Jefferies on Wednesday, April 19. The stock of Wesco Aircraft Holdings, Inc. (NYSE:WAIR) has “Hold” rating given on Wednesday, August 9 by Cowen & Co. Rosenblatt maintained Wesco Aircraft Holdings, Inc. (NYSE:WAIR) rating on Tuesday, June 28. Rosenblatt has “Neutral” rating and $12 target. Citigroup maintained the stock with “Neutral” rating in Tuesday, April 10 report. The firm has “Neutral” rating by Citigroup given on Monday, May 1. On Friday, October 13 the stock rating was maintained by Jefferies with “Hold”. The rating was maintained by Deutsche Bank on Monday, December 5 with “Sell”. The rating was maintained by Cowen & Co with “Hold” on Thursday, October 19. As per Tuesday, September 12, the company rating was maintained by Jefferies. The firm earned “Hold” rating on Friday, June 16 by Jefferies.

Analysts await Wesco Aircraft Holdings, Inc. (NYSE:WAIR) to report earnings on August, 14. They expect $0.22 earnings per share, up 120.00% or $0.12 from last year’s $0.1 per share. WAIR’s profit will be $21.88M for 12.50 P/E if the $0.22 EPS becomes a reality. After $0.22 actual earnings per share reported by Wesco Aircraft Holdings, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Semtech Corporation (NASDAQ:SMTC) Institutional Positions Chart

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