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.
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.
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.
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