Fuller & Thaler Asset Management Decreased Waddell & Reed Financial (WDR) Stake By $11.51 Million; Semtech (SMTC)’s Sentiment Is 1.02

February 16, 2018 - By Marguerite Chambers

Fuller & Thaler Asset Management Inc decreased Waddell & Reed Financial (NYSE:WDR) stake by 22.83% reported in 2017Q4 SEC filing. Fuller & Thaler Asset Management Inc sold 523,251 shares as Waddell & Reed Financial (NYSE:WDR)’s stock declined 8.21%. The Fuller & Thaler Asset Management Inc holds 1.77M shares with $39.50M value, down from 2.29M last quarter. Waddell & Reed Financial now has $1.76 billion valuation. The stock increased 2.30% or $0.48 during the last trading session, reaching $21.32. About 411,041 shares traded. Waddell & Reed Financial, Inc. (NYSE:WDR) has declined 11.92% since February 16, 2017 and is downtrending. It has underperformed by 28.62% the S&P500.

Semtech Corporation designs, develops, makes, and markets analog and mixed-signal semiconductor products. The company has market cap of $2.20 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 48.53 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 1.05 in 2017 Q3. Its down 0.14, from 1.19 in 2017Q2. It fall, as 20 investors sold WDR shares while 64 reduced holdings. 30 funds opened positions while 58 raised stakes. 79.83 million shares or 0.88% more from 79.13 million shares in 2017Q2 were reported. Valley National Advisers Inc holds 24,691 shares or 0.17% of its portfolio. State Common Retirement Fund owns 127,047 shares. Benjamin F Edwards And has 390 shares for 0% of their portfolio. Deutsche Bank & Trust Ag stated it has 655,483 shares or 0.01% of all its holdings. Tower Ltd Liability Co (Trc) reported 5,907 shares or 0.01% of all its holdings. Amalgamated Bancorporation reported 0.01% of its portfolio in Waddell & Reed Financial, Inc. (NYSE:WDR). Oakworth holds 0.02% of its portfolio in Waddell & Reed Financial, Inc. (NYSE:WDR) for 3,636 shares. Ls invested 0% of its portfolio in Waddell & Reed Financial, Inc. (NYSE:WDR). Texas Permanent School Fund holds 0.02% or 61,025 shares. Hsbc Holdings Public Limited Company, United Kingdom-based fund reported 10,658 shares. Ameriprise Fincl invested in 513,110 shares or 0% of the stock. Great West Life Assurance Com Can has 0.01% invested in Waddell & Reed Financial, Inc. (NYSE:WDR). Renaissance Technologies Limited Com reported 170,300 shares stake. Walleye Trading Ltd Liability Corporation invested 0% in Waddell & Reed Financial, Inc. (NYSE:WDR). Moreover, Ingalls & Snyder Ltd Liability Com has 0.05% invested in Waddell & Reed Financial, Inc. (NYSE:WDR).

Among 10 analysts covering Waddell & Reed Financial Inc. (NYSE:WDR), 0 have Buy rating, 4 Sell and 6 Hold. Therefore 0 are positive. Waddell & Reed Financial Inc. had 51 analyst reports since August 27, 2015 according to SRatingsIntel. The rating was initiated by RBC Capital Markets on Friday, June 30 with “Underperform”. The firm earned “Hold” rating on Monday, July 11 by Jefferies. The firm has “Sell” rating given on Wednesday, October 18 by RBC Capital Markets. Credit Suisse maintained Waddell & Reed Financial, Inc. (NYSE:WDR) on Wednesday, September 16 with “Neutral” rating. RBC Capital Markets maintained it with “Outperform” rating and $37 target in Wednesday, February 3 report. The rating was downgraded by Citigroup on Monday, October 17 to “Sell”. The stock of Waddell & Reed Financial, Inc. (NYSE:WDR) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, August 1. The rating was downgraded by Bank of America on Tuesday, March 15 to “Underperform”. The company was maintained on Tuesday, January 30 by RBC Capital Markets. Wood maintained the shares of WDR in report on Thursday, September 3 with “Market Perform” rating.

Fuller & Thaler Asset Management Inc is a California-based institutional investor with more than $2.14 billion AUM in November, 2014. Taken from Fuller & Thaler Asset Management latest Adv, the fund reported to have 16 full and part-time employees. Among which 9 performing investment advisory and research functions. The institutional investor had between 11-25 clients.

Waddell & Reed Financial, Inc., through its subsidiaries, provides investment management and advisory, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. The company has market cap of $1.76 billion. The firm acts as an investment adviser for institutional and other private investors, and provides sub advisory services to other investment companies; and underwrites and distributes registered open-end mutual fund portfolios. It has a 12.62 P/E ratio. It also offers fee asset allocation investment advisory products to advisors channel customers; distributes business partnersÂ’ variable annuity products, and retirement and life insurance products to advisors channel customers; and sells life insurance and disability products underwritten by various carriers.

Since February 1, 2018, it had 0 insider purchases, and 1 sale for $132,944 activity. Shares for $132,944 were sold by WALTON JERRY W on Thursday, February 1.

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 $17.25 million for 31.83 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.

Oberweis Asset Management Inc holds 1.33% of its portfolio in Semtech Corporation for 127,510 shares. Cortina Asset Management Llc owns 737,429 shares or 1.14% of their US portfolio. Moreover, Pier Capital Llc has 0.98% invested in the company for 150,721 shares. The Texas-based Stephens Investment Management Group Llc has invested 0.98% in the stock. Penn Capital Management Co Inc, a Pennsylvania-based fund reported 300,411 shares.

The stock decreased 1.19% or $0.4 during the last trading session, reaching $33.1. About 259,136 shares traded. Semtech Corporation (SMTC) has risen 72.29% since February 16, 2017 and is uptrending. It has outperformed by 55.59% the S&P500.

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 -3.32% below today’s ($33.1) share price. SMTC was included in 3 notes of analysts from September 1, 2016. The stock of Semtech Corporation (NASDAQ:SMTC) earned “Buy” rating by Drexel Hamilton on Thursday, September 1. The rating was maintained by RBC Capital Markets on Thursday, December 1 with “Sector Perform”. As per Thursday, December 1, the company rating was upgraded by Oppenheimer.

Since January 1, 0001, it had 0 buys, and 28 selling transactions for $3.86 million activity.

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By1 Marguerite Chambers

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