Semtech Co. (NASDAQ:SMTC) VP Simon A. Brown sold 2,000 shares of Semtech stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $39.36, for a total value of $78,720.00. Following the completion of the sale, the vice president now owns 16,142 shares in the company, valued at $635,349.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of SMTC stock traded down $0.30 during mid-day trading on Wednesday, reaching $41.10. The company had a trading volume of 549,306 shares, compared to its average volume of 664,516. The firm has a market capitalization of $2,634.43, a PE ratio of 74.73, a PEG ratio of 6.90 and a beta of 1.41. Semtech Co. has a 52-week low of $31.30 and a 52-week high of $41.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.09 and a current ratio of 3.65.
Semtech (NASDAQ:SMTC) last issued its quarterly earnings data on Wednesday, March 14th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. The firm had revenue of $142.11 million during the quarter, compared to analysts’ expectations of $140.49 million. Semtech had a return on equity of 13.34% and a net margin of 6.20%. Semtech’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 earnings per share. sell-side analysts anticipate that Semtech Co. will post 1.15 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its holdings in shares of Semtech by 6.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 28,500 shares of the semiconductor company’s stock worth $975,000 after acquiring an additional 1,700 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Semtech by 1.9% in the third quarter. Rhumbline Advisers now owns 130,593 shares of the semiconductor company’s stock worth $4,904,000 after acquiring an additional 2,421 shares during the last quarter. American International Group Inc. raised its holdings in shares of Semtech by 5.8% in the third quarter. American International Group Inc. now owns 51,537 shares of the semiconductor company’s stock worth $1,935,000 after acquiring an additional 2,843 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Semtech in the third quarter worth $133,000. Finally, Profund Advisors LLC raised its holdings in shares of Semtech by 16.6% in the fourth quarter. Profund Advisors LLC now owns 25,535 shares of the semiconductor company’s stock worth $873,000 after acquiring an additional 3,640 shares during the last quarter. 97.64% of the stock is owned by institutional investors.
SMTC has been the topic of a number of analyst reports. BWS Financial set a $49.00 price target on Semtech and gave the company a “buy” rating in a research note on Thursday, November 30th. BidaskClub upgraded Semtech from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 15th. Zacks Investment Research upgraded Semtech from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $42.00 price objective on shares of Semtech in a report on Thursday, January 18th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $34.00 price objective on shares of Semtech in a report on Thursday, November 30th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $43.11.
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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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