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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, July 8th. The stock was sold at an average price of $25.50, for a total value of $112,200.00. Following the completion of the sale, the chief executive officer now directly owns 155,985 shares of the company’s stock, valued at approximately $3,977,618. The transaction was disclosed in a filing with the SEC, which is available at this link.

Semtech Corp. (NASDAQ:SMTC) traded down 1.92% on Tuesday, hitting $25.55. 487,323 shares of the company’s stock traded hands. Semtech Corp. has a 52 week low of $21.38 and a 52 week high of $34.81. The stock’s 50-day moving average is $26.1 and its 200-day moving average is $24.82. The company’s market cap is $1.719 billion.

Semtech Corp. (NASDAQ:SMTC) last posted its quarterly earnings results 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.

A number of analysts have recently weighed in on SMTC shares. 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 investment 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 has an average rating of “Hold” and a consensus target price of $31.73.

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

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