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Semtech Corp. (NASDAQ:SMTC) Director John L. Piotrowski unloaded 5,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $27.41, for a total value of $137,050.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

Several analysts have recently commented on the stock. 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 research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $31.73.

Shares of Semtech Corp. (NASDAQ:SMTC) traded up 1.26% on Friday, hitting $27.26. The stock had a trading volume of 570,720 shares. Semtech Corp. has a 52-week low of $21.38 and a 52-week high of $37.19. The stock has a 50-day moving average of $24.23 and a 200-day moving average of $25.20. The company’s market cap is $1.835 billion.

Semtech Corp. (NASDAQ:SMTC) last released its earnings data on Wednesday, May 21st. The company reported $0.32 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.46 earnings per share. Semtech Corp.’s revenue was down 18.2% compared to the same quarter last year. 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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