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Semtech Corp. (NASDAQ:SMTC) SVP Alain Dantec sold 19,840 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $27.36, for a total value of $542,822.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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. 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.73.

Shares of Semtech Corp. (NASDAQ:SMTC) traded down 0.40% during mid-day trading on Monday, hitting $27.50. 366,540 shares of the company’s stock traded hands. Semtech Corp. has a one year low of $21.38 and a one year high of $37.19. The stock has a 50-day moving average of $24.75 and a 200-day moving average of $25.04. The company’s market cap is $1.850 billion.

Semtech Corp. (NASDAQ:SMTC) last announced its earnings results 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. On average, analysts predict that Semtech Corp. will post $1.61 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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