Semtech Corporation (SMTC) SVP Asaf Silberstein Sells 2,500 Shares

Semtech Corporation (NASDAQ:SMTC) SVP Asaf Silberstein sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $37.78, for a total transaction of $94,450.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Asaf Silberstein also recently made the following trade(s):

  • On Friday, July 14th, Asaf Silberstein sold 1,000 shares of Semtech Corporation stock. The stock was sold at an average price of $37.65, for a total transaction of $37,650.00.
  • On Wednesday, July 12th, Asaf Silberstein sold 2,000 shares of Semtech Corporation stock. The stock was sold at an average price of $37.15, for a total transaction of $74,300.00.
  • On Thursday, July 13th, Asaf Silberstein sold 1,000 shares of Semtech Corporation stock. The stock was sold at an average price of $37.55, for a total transaction of $37,550.00.

Shares of Semtech Corporation (NASDAQ:SMTC) opened at 38.50 on Tuesday. Semtech Corporation has a one year low of $22.81 and a one year high of $41.15. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 40.70 and a beta of 1.45. The company has a 50 day moving average of $36.75 and a 200-day moving average of $36.16.

Semtech Corporation (NASDAQ:SMTC) last issued its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The business had revenue of $153.10 million during the quarter, compared to the consensus estimate of $154.91 million. Semtech Corporation had a net margin of 11.00% and a return on equity of 11.77%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 EPS. On average, analysts expect that Semtech Corporation will post $1.89 EPS for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in SMTC. Russell Investments Group Ltd. increased its position in Semtech Corporation by 113.4% in the 1st quarter. Russell Investments Group Ltd. now owns 36,728 shares of the semiconductor company’s stock valued at $1,242,000 after acquiring an additional 19,521 shares during the period. Wells Fargo & Company MN increased its position in Semtech Corporation by 79.4% in the 1st quarter. Wells Fargo & Company MN now owns 110,820 shares of the semiconductor company’s stock valued at $3,746,000 after acquiring an additional 49,056 shares during the period. US Bancorp DE increased its position in Semtech Corporation by 13.4% in the 1st quarter. US Bancorp DE now owns 10,746 shares of the semiconductor company’s stock valued at $364,000 after acquiring an additional 1,270 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Semtech Corporation by 74.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,299 shares of the semiconductor company’s stock valued at $112,000 after acquiring an additional 1,405 shares during the period. Finally, Karp Capital Management Corp acquired a new position in Semtech Corporation in the 1st quarter valued at approximately $474,000. Hedge funds and other institutional investors own 94.42% of the company’s stock.

A number of brokerages recently weighed in on SMTC. Royal Bank Of Canada reissued a “hold” rating and issued a $39.00 price target on shares of Semtech Corporation in a report on Tuesday, October 3rd. B. Riley reissued a “buy” rating and issued a $48.00 price target on shares of Semtech Corporation in a report on Sunday, September 3rd. BidaskClub lowered shares of Semtech Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Robert W. Baird reissued an “outperform” rating and issued a $45.00 price target on shares of Semtech Corporation in a report on Tuesday, June 13th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $45.00 price target on shares of Semtech Corporation in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. Semtech Corporation has a consensus rating of “Buy” and an average target price of $43.50.

Semtech Corporation 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.

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

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

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