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Semtech Corp. (NASDAQ:SMTC) SVP James Jungsup Kim unloaded 5,000 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $22.28, for a total transaction of $111,400.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares in the company, valued at approximately $115,188. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on SMTC shares. Analysts at Zacks upgraded shares of Semtech Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 14th. They now have a $24.20 price target on the stock. Separately, analysts at MKM Partners cut their price target on shares of Semtech Corp. from $38.00 to $33.00 in a research note to investors on Thursday, December 19th. They now have a “buy” rating on the stock. Finally, analysts at Williams Financial Group downgraded shares of Semtech Corp. from a “buy” rating to a “hold” rating in a research note to investors on Thursday, December 19th. They now have a $27.00 price target on the stock, down previously from $32.00. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Semtech Corp. currently has an average rating of “Buy” and a consensus price target of $32.91.

Semtech Corp. (NASDAQ:SMTC) traded up 1.04% on Friday, hitting $22.24. The stock had a trading volume of 1,371,710 shares. Semtech Corp. has a 1-year low of $21.38 and a 1-year high of $37.45. The stock’s 50-day moving average is $23.81 and its 200-day moving average is $28.86. The company has a market cap of $1.527 billion and a price-to-earnings ratio of 25.59.

Semtech Corp. (NASDAQ:SMTC) last issued its quarterly earnings data on Monday, November 18th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.01. The company had revenue of $141.02 million for the quarter, compared to the consensus estimate of $145.05 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was down 12.3% on a year-over-year basis. On average, analysts predict that Semtech Corp. will post $1.56 earnings per share for the current fiscal year.

Semtech Corporation (NASDAQ:SMTC) is a supplier of analog and mixed-signal semiconductor products.

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