BlackRock Amends Semtech Stake (SC 13G/A, 16th Amendment)
Ticker: SMTC · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 88941
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, semiconductors
TL;DR
**BlackRock just updated its Semtech holdings, watch for potential market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in its ownership of Semtech Corporation's common stock as of December 31, 2023. This is the 16th amendment to their Schedule 13G filing for Semtech. While the filing doesn't specify the exact percentage or number of shares, it signals that BlackRock, a major institutional investor, has adjusted its stake. This matters to investors because significant changes by large funds like BlackRock can influence market sentiment and potentially signal their updated outlook on Semtech's future performance.
Why It Matters
This filing shows that BlackRock, a major institutional investor, has changed its position in Semtech, which can impact investor confidence and stock price movement.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not inherently signal high risk, though the underlying change in ownership could be positive or negative.
Analyst Insight
Investors should monitor Semtech's stock performance and look for any subsequent filings or news that might explain BlackRock's change in ownership, as this could indicate a shift in institutional sentiment.
Key Numbers
- 16 — Amendment Number (This is the 16th amendment to BlackRock's Schedule 13G filing for Semtech Corporation, indicating ongoing adjustments to their stake.)
- 816850101 — CUSIP Number (This unique identifier confirms the specific class of securities (Common Stock) of Semtech Corporation being reported.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- SEMTECH CORP (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock's adjusted stake in Semtech could lead to increased analyst coverage or investor interest in Semtech's stock. (SEMTECH CORP) — medium confidence, target: Q1 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 16)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as clearly identified under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' and 'Names of reporting persons. BlackRock, Inc.'.
What is the subject company whose securities are being reported?
The subject company is SEMTECH CORPORATION, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SEMTECH CORP' and 'SEMTECH CORPORATION (Name of Issuer)'.
What was the date of the event that triggered this filing?
The date of the event which required this filing was December 31, 2023, as specified in the document under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
What rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(b), indicated by the '[X] Rule 13d-1(b)' checkbox selection in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding SEMTECH CORP (SMTC).