Shares of Semtech Co. (NASDAQ:SMTC) have been assigned a consensus recommendation of “Buy” from the thirteen brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $41.90.
Several research analysts have recently issued reports on SMTC shares. Oppenheimer reaffirmed a “buy” rating and issued a $42.00 target price on shares of Semtech in a research note on Sunday, November 19th. Zacks Investment Research lowered shares of Semtech from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. BWS Financial started coverage on shares of Semtech in a research note on Monday, November 20th. They issued a “buy” rating and a $49.00 target price on the stock. B. Riley reaffirmed a “buy” rating and issued a $46.00 target price (down previously from $48.00) on shares of Semtech in a research note on Monday, November 27th. Finally, Piper Jaffray Companies started coverage on shares of Semtech in a research note on Monday, December 18th. They issued a “neutral” rating and a $35.00 target price on the stock.
Shares of Semtech (NASDAQ SMTC) traded up $0.05 during trading hours on Friday, reaching $38.00. 885,700 shares of the company’s stock were exchanged, compared to its average volume of 600,892. Semtech has a 12-month low of $31.50 and a 12-month 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 $2,518.30, a price-to-earnings ratio of 55.07, a P/E/G ratio of 6.27 and a beta of 1.41.
In related news, EVP John Michael Wilson sold 10,000 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $35.78, for a total value of $357,800.00. Following the sale, the executive vice president now directly owns 84,066 shares in the company, valued at approximately $3,007,881.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Asaf Silberstein sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $40.72, for a total transaction of $40,720.00. Following the completion of the sale, the senior vice president now owns 28,900 shares in the company, valued at $1,176,808. The disclosure for this sale can be found here. Insiders sold a total of 47,534 shares of company stock worth $1,715,752 over the last quarter. 2.10% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in 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 buying an additional 65 shares during the period. Quantbot Technologies LP acquired a new stake in Semtech during the 3rd quarter worth approximately $133,000. Victory Capital Management Inc. raised its holdings in 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 buying an additional 717 shares during the period. Riverhead Capital Management LLC raised its holdings in 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 buying an additional 2,030 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in Semtech during the 3rd quarter worth approximately $204,000. Institutional investors and hedge funds own 93.99% of the company’s stock.
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Semtech Company Profile
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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