Sigma Planning Corp Invests $91,000 in SMTC Co. (SMTX)

Share on StockTwits

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.

SMTC (NASDAQ:SMTX) last released its earnings results on Thursday, March 14th. The technology company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). SMTC had a net margin of 0.27% and a return on equity of 1.73%. The business had revenue of $80.86 million for the quarter, compared to the consensus estimate of $73.70 million. Equities research analysts predict that SMTC Co. will post 0.07 earnings per share for the current fiscal year.

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.

ILLEGAL ACTIVITY WARNING: “Sigma Planning Corp Invests $91,000 in SMTC Co. (SMTX)” was reported by Week Herald and is the property of of Week Herald. If you are reading this story on another website, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this story can be viewed at https://weekherald.com/2019/05/19/sigma-planning-corp-invests-91000-in-smtc-co-smtx.html.

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.

Recommended Story: The Role of a Fiduciary and Individual Investors

Want to see what other hedge funds are holding SMTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SMTC Co. (NASDAQ:SMTX).

Institutional Ownership by Quarter for SMTC (NASDAQ:SMTX)

Receive News & Ratings for SMTC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SMTC and related companies with MarketBeat.com's FREE daily email newsletter.