Insider Selling: Semtech Co. (SMTC) CFO Sells 2,000 Shares of Stock

Semtech Co. (NASDAQ:SMTC) CFO Emeka Chukwu sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $38.00, for a total transaction of $76,000.00. Following the completion of the transaction, the chief financial officer now owns 69,776 shares of the company’s stock, valued at $2,651,488. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Emeka Chukwu also recently made the following trade(s):

  • On Friday, December 29th, Emeka Chukwu sold 2,000 shares of Semtech stock. The stock was sold at an average price of $34.32, for a total transaction of $68,640.00.
  • On Saturday, December 29th, Emeka Chukwu sold 2,000 shares of Semtech stock. The stock was sold at an average price of $34.32, for a total transaction of $68,640.00.
  • On Wednesday, November 1st, Emeka Chukwu sold 2,000 shares of Semtech stock. The stock was sold at an average price of $40.67, for a total transaction of $81,340.00.

Semtech Co. (NASDAQ SMTC) traded up $1.50 during mid-day trading on Friday, hitting $38.80. 911,183 shares of the stock traded hands, compared to its average volume of 540,967. Semtech Co. has a 1 year low of $31.50 and a 1 year high of $41.95. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.80 and a quick ratio of 3.20. The stock has a market capitalization of $2,480.00, a P/E ratio of 57.06, a PEG ratio of 5.88 and a beta of 1.41.

Semtech (NASDAQ:SMTC) last released its earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $155.69 million. During the same quarter in the previous year, the firm earned $0.37 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. equities analysts expect that Semtech Co. will post 1.21 EPS for the current fiscal year.

A number of equities analysts have weighed in on SMTC shares. Royal Bank of Canada reiterated a “hold” rating and issued a $34.00 price target on shares of Semtech in a research report on Thursday, November 30th. BidaskClub lowered shares of Semtech from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. BWS Financial set a $49.00 price target on shares of Semtech and gave the stock a “buy” rating in a research report on Thursday, November 30th. Zacks Investment Research raised shares of Semtech from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Oppenheimer reissued a “buy” rating and issued a $42.00 target price on shares of Semtech in a report on Thursday, November 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. Semtech presently has an average rating of “Buy” and an average target price of $41.90.

Hedge funds have recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its stake in Semtech by 85.9% during the third quarter. Sterling Capital Management LLC now owns 75,770 shares of the semiconductor company’s stock valued at $2,845,000 after purchasing an additional 35,005 shares in the last quarter. California Public Employees Retirement System raised its stake in Semtech by 6.4% during the third quarter. California Public Employees Retirement System now owns 147,572 shares of the semiconductor company’s stock valued at $5,541,000 after purchasing an additional 8,872 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in Semtech by 153.7% during the third quarter. Cubist Systematic Strategies LLC now owns 27,651 shares of the semiconductor company’s stock valued at $1,038,000 after purchasing an additional 16,750 shares in the last quarter. Highbridge Capital Management LLC raised its stake in Semtech by 732.5% during the third quarter. Highbridge Capital Management LLC now owns 54,397 shares of the semiconductor company’s stock valued at $2,043,000 after purchasing an additional 62,997 shares in the last quarter. Finally, PEAK6 Investments L.P. purchased a new stake in Semtech during the third quarter valued at $375,000. 93.99% of the stock is currently 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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