State Street Corp Amends Semtech Stake Filing
Ticker: SMTC · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 88941
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still holds Semtech shares, signaling institutional confidence.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Semtech Corp's common stock as of December 31, 2023. This filing updates their previous disclosure, confirming their continued significant, but passive, investment in Semtech. This matters to investors because State Street's continued holding signals confidence in Semtech's long-term prospects, as large institutional ownership can provide stability and attract other investors.
Why It Matters
This filing confirms State Street Corporation's ongoing passive investment in Semtech, which can be seen as a vote of confidence from a major institutional investor.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any immediate risk or significant change in company control.
Analyst Insight
An investor should note that State Street Corporation continues to hold a position in Semtech, suggesting institutional confidence. However, as this is a passive filing, it doesn't indicate any immediate strategic moves or significant changes in the company's direction.
Key Players & Entities
- State Street Corporation (company) — the reporting person filing the SC 13G/A
- Semtech Corp (company) — the issuer of the common stock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change or update to previously reported beneficial ownership of securities.
Who is the 'Reporting Person' in this filing?
The Reporting Person is STATE STREET CORPORATION, with an I.R.S. Identification No. of 04-2456637, based in Boston, Massachusetts.
Which company's stock is the subject of this filing?
The subject company, or 'Name of Issuer,' is SEMTECH CORP, which issues Common Stock with CUSIP number 816850101.
What was the 'Date of Event Which Requires Filing of This Statement'?
The date of the event which required the filing of this statement was December 31, 2023.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13D-1 (B) of the Securities Exchange Act of 1934.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding SEMTECH CORP (SMTC).