Semtech Co. (SMTC) EVP Sells $357,800.00 in Stock

Semtech Co. (NASDAQ:SMTC) EVP John Michael Wilson sold 10,000 shares of Semtech stock in a transaction on Monday, January 8th. The stock was sold at an average price of $35.78, for a total transaction of $357,800.00. Following the completion of the transaction, the executive vice president now directly owns 84,066 shares of the company’s stock, valued at $3,007,881.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Semtech Co. (SMTC) opened at $37.30 on Friday. Semtech Co. has a 52 week low of $31.50 and a 52 week high of $41.95. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.32. The company has a market cap of $2,480.00, a PE ratio of 54.85, a P/E/G ratio of 5.88 and a beta of 1.41.

Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.04. Semtech had a net margin of 7.79% and a return on equity of 12.13%. The firm had revenue of $156.60 million during the quarter, compared to analysts’ expectations of $155.69 million. During the same period in the previous year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. analysts predict that Semtech Co. will post 1.21 earnings per share for the current year.

A number of brokerages have commented on SMTC. BidaskClub raised shares of Semtech from a “sell” rating to a “hold” rating in a research note on Thursday. Royal Bank of Canada reissued a “hold” rating and issued a $39.00 price objective on shares of Semtech in a research note on Tuesday, October 3rd. Zacks Investment Research raised shares of Semtech from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. BWS Financial began coverage on shares of Semtech in a research note on Monday, November 20th. They issued a “buy” rating and a $49.00 price objective for the company. Finally, Oppenheimer reissued a “buy” rating and issued a $42.00 price objective on shares of Semtech in a research note on Thursday, November 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. Semtech has a consensus rating of “Buy” and a consensus target price of $41.90.

Hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Semtech by 2.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,364 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 65 shares during the period. Quantbot Technologies LP purchased a new position in shares of Semtech during the 3rd quarter worth about $133,000. Victory Capital Management Inc. boosted its stake in shares of Semtech by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,773 shares of the semiconductor company’s stock worth $171,000 after purchasing an additional 717 shares during the period. Riverhead Capital Management LLC boosted its stake in shares of Semtech by 65.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,130 shares of the semiconductor company’s stock worth $183,000 after purchasing an additional 2,030 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in Semtech in the 3rd quarter valued at about $204,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

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About Semtech

Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The Company designs, develops and markets a range of products for commercial applications, which are sold into the enterprise computing, communications, consumer and industrial end-markets. Its product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability.

Insider Buying and Selling by Quarter for Semtech (NASDAQ:SMTC)

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