Semtech Corporation (NASDAQ:SMTC) SVP Asaf Silberstein sold 1,000 shares of the stock in a transaction on Friday, July 14th. The shares were sold at an average price of $37.65, for a total value of $37,650.00. Following the sale, the senior vice president now directly owns 33,036 shares in the company, valued at approximately $1,243,805.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Asaf Silberstein also recently made the following trade(s):

  • On Wednesday, July 12th, Asaf Silberstein sold 2,000 shares of Semtech Corporation stock. The stock was sold at an average price of $37.15, for a total value of $74,300.00.
  • On Thursday, July 13th, Asaf Silberstein sold 1,000 shares of Semtech Corporation stock. The stock was sold at an average price of $37.55, for a total value of $37,550.00.
  • On Tuesday, July 11th, Asaf Silberstein sold 1,000 shares of Semtech Corporation stock. The stock was sold at an average price of $36.50, for a total value of $36,500.00.
  • On Friday, July 7th, Asaf Silberstein sold 1,500 shares of Semtech Corporation stock. The stock was sold at an average price of $35.48, for a total value of $53,220.00.

Semtech Corporation (SMTC) traded down 0.40% during trading on Friday, reaching $37.35. The company had a trading volume of 358,266 shares. Semtech Corporation has a 12 month low of $22.81 and a 12 month high of $38.40. The stock has a 50 day moving average price of $36.13 and a 200 day moving average price of $34.09. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 41.59 and a beta of 1.42.

Semtech Corporation (NASDAQ:SMTC) last released its quarterly earnings data on Wednesday, May 31st. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $149.10 million during the quarter, compared to analysts’ expectations of $145.60 million. Semtech Corporation had a return on equity of 12.16% and a net margin of 10.70%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 earnings per share. On average, equities research analysts predict that Semtech Corporation will post $1.85 earnings per share for the current year.

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Several equities analysts recently weighed in on the company. B. Riley reiterated a “buy” rating and set a $44.00 target price on shares of Semtech Corporation in a research report on Tuesday, May 16th. Robert W. Baird reiterated an “outperform” rating and set a $45.00 target price on shares of Semtech Corporation in a research report on Thursday, June 1st. Royal Bank Of Canada reiterated a “hold” rating and set a $39.00 target price on shares of Semtech Corporation in a research report on Thursday, July 6th. Zacks Investment Research downgraded Semtech Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Finally, Drexel Hamilton increased their target price on Semtech Corporation from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, June 1st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Semtech Corporation has a consensus rating of “Buy” and an average target price of $43.50.

A number of hedge funds have recently added to or reduced their stakes in SMTC. State of Alaska Department of Revenue boosted its stake in Semtech Corporation by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 7,280 shares of the semiconductor company’s stock worth $246,000 after buying an additional 180 shares during the last quarter. Martingale Asset Management L P boosted its stake in Semtech Corporation by 0.3% in the first quarter. Martingale Asset Management L P now owns 67,624 shares of the semiconductor company’s stock worth $2,286,000 after buying an additional 198 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Semtech Corporation by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 26,700 shares of the semiconductor company’s stock worth $902,000 after buying an additional 300 shares during the last quarter. Chicago Equity Partners LLC boosted its stake in Semtech Corporation by 1.2% in the first quarter. Chicago Equity Partners LLC now owns 28,340 shares of the semiconductor company’s stock worth $958,000 after buying an additional 340 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in Semtech Corporation by 1.2% in the first quarter. Arizona State Retirement System now owns 34,242 shares of the semiconductor company’s stock worth $1,157,000 after buying an additional 400 shares during the last quarter. 93.97% of the stock is owned by hedge funds and other institutional investors.

Semtech Corporation Company Profile

Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The Company designs, develops and markets a range of products for commercial applications, which are sold into the enterprise computing, communications, consumer and industrial end-markets. Its product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability.

Insider Buying and Selling by Quarter for Semtech Corporation (NASDAQ:SMTC)

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