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Semtech Corp. (NASDAQ:SMTC) CEO Mohan Maheswaran sold 4,400 shares of Semtech Corp. stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $25.51, for a total transaction of $112,244.00. Following the completion of the sale, the chief executive officer now directly owns 164,485 shares in the company, valued at approximately $4,196,012. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

SMTC has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Semtech Corp. from $30.00 to $31.00 in a research note on Thursday, May 22nd. They now have an “outperform” rating on the stock. Separately, analysts at Zacks upgraded shares of Semtech Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $24.80 price target on the stock. Finally, analysts at TheStreet downgraded shares of Semtech Corp. from a “hold” rating to a “sell” rating in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $31.73.

Semtech Corp. (NASDAQ:SMTC) traded up 3.04% on Tuesday, hitting $25.72. 614,666 shares of the company’s stock traded hands. Semtech Corp. has a 1-year low of $21.38 and a 1-year high of $37.45. The stock has a 50-day moving average of $23.96 and a 200-day moving average of $25.39. The company’s market cap is $1.731 billion.

Semtech Corp. (NASDAQ:SMTC) last released its earnings data on Wednesday, May 21st. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.02. The company had revenue of $132.90 million for the quarter, compared to the consensus estimate of $130.27 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was down 18.2% on a year-over-year basis. Analysts expect that Semtech Corp. will post $1.61 EPS for the current fiscal year.

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

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