Algert Global Sells Significant Stake in Semtech

Algert Global LLC sold 49,256 shares of Semtech Corporation (NASDAQ:SMTC) in the second quarter, reducing its stake by 43.9%. The institutional investor now owns 62,873 shares of the semiconductor company's stock after selling the shares during the period.

The sale reduced Algert Global LLC's ownership in Semtech to 0.07%, valued at $10,176,000 at the end of the most recent quarter. This move was part of a larger trend of institutional investors adjusting their holdings in the company.

Other notable changes included Royce & Associates LP increasing its stake in Semtech by 144.5% during the fourth quarter, and Strs Ohio raising its stake by 558.9%. Meanwhile, Swiss National Bank lifted its holdings in Semtech by 6.9% in the first quarter.