5.69% to Target, RBC Capital Reaffirms Hold Rating for Semtech (SMTC) Stock; Gannett Company (GCI) Shorts Raised By 7.91%

June 1, 2017 - By Dolores Ford

Among 6 analysts covering Semtech (NASDAQ:SMTC), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Semtech has $4200 highest and $17 lowest target. $26.42’s average target is -28.40% below currents $36.9 stock price. Semtech had 13 analyst reports since August 3, 2015 according to SRatingsIntel. On Monday, May 29 the stock rating was maintained by Oppenheimer with “Buy”. The stock of Semtech Corporation (NASDAQ:SMTC) earned “Sector Perform” rating by RBC Capital Markets on Thursday, December 1. The firm has “Market Perform” rating given on Thursday, August 20 by Oppenheimer. The firm has “Buy” rating given on Thursday, September 1 by Drexel Hamilton. On Monday, November 16 the stock rating was upgraded by B. Riley & Co to “Buy”. RBC Capital Markets maintained Semtech Corporation (NASDAQ:SMTC) on Tuesday, November 17 with “Sector Perform” rating. The stock of Semtech Corporation (NASDAQ:SMTC) has “Neutral” rating given on Friday, September 25 by M Partners. The stock has “Sector Perform” rating by RBC Capital Markets on Monday, August 3. The stock of Semtech Corporation (NASDAQ:SMTC) has “Outperform” rating given on Thursday, December 1 by Oppenheimer. On Friday, August 14 the stock rating was upgraded by B. Riley & Co to “Sell”.

Gannett Company Incorporated (NYSE:GCI) had an increase of 7.91% in short interest. GCI’s SI was 8.27 million shares in June as released by FINRA. Its up 7.91% from 7.67M shares previously. With 1.21 million avg volume, 7 days are for Gannett Company Incorporated (NYSE:GCI)’s short sellers to cover GCI’s short positions. The SI to Gannett Company Incorporated’s float is 7.83%. About 156,515 shares traded. Gannett Co Inc (NYSE:GCI) has declined 53.54% since June 1, 2016 and is downtrending. It has underperformed by 70.24% the S&P500.

Gannett Co., Inc. is a media company. The company has market cap of $893.18 million. The Firm operates as a newspaper publisher in the United States. It has a 49.23 P/E ratio. As of December 25, 2016, it owned ReachLocal, Inc. , a digital marketing solutions company; the USA TODAY NETWORK (made up of USA TODAY including digital sites and affiliates (USAT) and 109 local media organizations in 34 states in the United States and Guam), and Newsquest Media Group Ltd. (Newsquest), the Company’s subsidiary operating in the United Kingdom.

Among 6 analysts covering Gannett (NYSE:GCI), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Gannett had 11 analyst reports since September 1, 2015 according to SRatingsIntel. On Friday, September 4 the stock rating was initiated by Argus Research with “Hold”. The stock of Gannett Co Inc (NYSE:GCI) earned “Buy” rating by Cantor Fitzgerald on Wednesday, October 7. On Monday, July 11 the stock rating was maintained by Jefferies with “Hold”. The company was downgraded on Tuesday, September 1 by Zacks. The rating was maintained by JP Morgan on Monday, November 2 with “Neutral”. maintained Gannett Co Inc (NYSE:GCI) rating on Monday, October 10. has “Hold” rating and $12 target. The rating was downgraded by Argus Research to “Hold” on Monday, February 13. The stock has “Buy” rating by Argus Research on Thursday, November 5. The company was initiated on Tuesday, September 8 by Argus Research. Noble Financial maintained Gannett Co Inc (NYSE:GCI) on Wednesday, November 2 with “Buy” rating.

Since December 7, 2016, it had 0 insider purchases, and 8 insider sales for $4.70 million activity. Shares for $27,918 were sold by McClelland Clifton A. III on Wednesday, December 7. 8,739 shares were sold by Williams John A, worth $189,199. MARTORE GRACIA C also sold $3.12 million worth of Gannett Co Inc (NYSE:GCI) on Tuesday, December 20. 24,644 shares were sold by Behan William A., worth $637,565 on Tuesday, March 7. On Wednesday, March 1 the insider ELIAS HOWARD D sold $127,838. The insider Mayman Todd A. sold $212,257.

Investors sentiment increased to 0.5 in Q4 2016. Its up 0.50, from 0 in 2016Q3. It is positive, as 1 investors sold Gannett Co Inc shares while 1 reduced holdings. 0 funds opened positions while 1 raised stakes. 76,812 shares or 21.80% less from 98,222 shares in 2016Q3 were reported. Gemmer Asset invested in 0% or 566 shares. Gulf State Bank (Uk) Ltd accumulated 63,910 shares. Marshwinds Advisory Com holds 12,336 shares or 0.13% of its portfolio.

Analysts await Semtech Corporation (NASDAQ:SMTC) to report earnings on June, 7. They expect $0.28 earnings per share, up 27.27% or $0.06 from last year’s $0.22 per share. SMTC’s profit will be $18.89 million for 32.95 P/E if the $0.28 EPS becomes a reality. After $0.25 actual earnings per share reported by Semtech Corporation for the previous quarter, Wall Street now forecasts 12.00% EPS growth.

Since December 5, 2016, it had 0 insider buys, and 23 selling transactions for $5.62 million activity. On Monday, December 5 HANKIN ROCKELL N sold $759,900 worth of Semtech Corporation (NASDAQ:SMTC) or 25,000 shares. $98,096 worth of Semtech Corporation (NASDAQ:SMTC) was sold by LINDSTROM JAMES T on Friday, December 16. Costello Mark C sold $84,377 worth of Semtech Corporation (NASDAQ:SMTC) on Wednesday, March 15. Pegulu Marc had sold 700 shares worth $21,175. CHUKWU EMEKA sold $387,805 worth of stock. MAHESWARAN MOHAN also sold $50,230 worth of Semtech Corporation (NASDAQ:SMTC) on Monday, February 13. $150,823 worth of stock was sold by BURRA JAMES P on Monday, December 5.

Investors sentiment decreased to 1.32 in 2016 Q4. Its down 0.32, from 1.64 in 2016Q3. It dived, as 13 investors sold Semtech Corporation shares while 66 reduced holdings. 33 funds opened positions while 71 raised stakes. 61.33 million shares or 1.31% less from 62.15 million shares in 2016Q3 were reported. Mufg Americas Holdg Corp invested in 456 shares. Secor Cap Ltd Partnership, New York-based fund reported 38,481 shares. Point72 Asia (Hong Kong) Limited has 0.02% invested in Semtech Corporation (NASDAQ:SMTC) for 787 shares. Morgens Waterfall Vintiadis & Inc holds 2.11% of its portfolio in Semtech Corporation (NASDAQ:SMTC) for 70,000 shares. State Street Corporation stated it has 1.69 million shares or 0.01% of all its holdings. Pier holds 0.52% or 91,791 shares. Blackrock Japan Limited invested in 3,123 shares. Balyasny Asset Limited Liability Corp accumulated 0.01% or 80,556 shares. Moreover, Putnam Invests Limited Liability has 0% invested in Semtech Corporation (NASDAQ:SMTC) for 23,892 shares. Quantbot Technology L P owns 2,748 shares for 0.01% of their portfolio. American Group stated it has 0.01% of its portfolio in Semtech Corporation (NASDAQ:SMTC). Bessemer Grp Incorporated accumulated 5,000 shares or 0% of the stock. Prudential Finance has 642,289 shares for 0.03% of their portfolio. Morgan Stanley stated it has 0% in Semtech Corporation (NASDAQ:SMTC). New York State Common Retirement Fund reported 223,324 shares.

Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The company has market cap of $2.49 billion. The Firm 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 44.6 P/E ratio. The Company’s product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability.

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