Sigma Planning Corp bought a new stake in shares of SMTC Co. (NASDAQ:SMTX) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 24,199 shares of the technology company’s stock, valued at approximately $91,000.
A number of other hedge funds have also added to or reduced their stakes in the business. Renaissance Technologies LLC increased its stake in SMTC by 10.1% during the third quarter. Renaissance Technologies LLC now owns 409,210 shares of the technology company’s stock valued at $1,183,000 after purchasing an additional 37,545 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in SMTC by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 143,531 shares of the technology company’s stock valued at $586,000 after purchasing an additional 3,979 shares during the last quarter. BlackRock Inc. increased its stake in SMTC by 38.5% during the third quarter. BlackRock Inc. now owns 57,049 shares of the technology company’s stock valued at $165,000 after purchasing an additional 15,871 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new stake in SMTC during the first quarter valued at $55,000. Hedge funds and other institutional investors own 14.74% of the company’s stock.
SMTX stock opened at $3.61 on Friday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.27 and a quick ratio of 0.82. SMTC Co. has a 1-year low of $2.30 and a 1-year high of $5.98. The firm has a market cap of $84.31 million, a price-to-earnings ratio of 180.50 and a beta of 0.36.
SMTX has been the subject of several recent research reports. ValuEngine upgraded shares of SMTC from a “hold” rating to a “buy” rating in a research note on Wednesday, February 20th. Zacks Investment Research lowered shares of SMTC from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th. Finally, TheStreet lowered shares of SMTC from a “c” rating to a “d+” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $7.50.
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SMTC Company Profile
SMTC Corporation provides electronics manufacturing services worldwide. The company offers end-to-end electronics manufacturing services, including product design and engineering; printed circuit board assembly; production, enclosure, cable assembly, and precision metal fabrication; systems integration and testing; and configuration to order, build to order, and direct order fulfillment services.
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