Semtech Corporation (NASDAQ:SMTC) insider Mohan Maheswaran sold 2,500 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $35.64, for a total transaction of $89,100.00. Following the completion of the sale, the insider now directly owns 220,372 shares of the company’s stock, valued at $7,854,058.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Mohan Maheswaran also recently made the following trade(s):

  • On Tuesday, August 15th, Mohan Maheswaran sold 2,500 shares of Semtech Corporation stock. The stock was sold at an average price of $38.21, for a total transaction of $95,525.00.
  • On Friday, July 14th, Mohan Maheswaran sold 1,500 shares of Semtech Corporation stock. The stock was sold at an average price of $37.41, for a total transaction of $56,115.00.

Semtech Corporation (NASDAQ SMTC) traded up 0.85% during mid-day trading on Friday, hitting $35.75. 762,043 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $37.44 and its 200-day moving average price is $35.80. The stock has a market cap of $2.37 billion, a PE ratio of 37.79 and a beta of 1.45. Semtech Corporation has a one year low of $22.81 and a one year high of $41.15.

Semtech Corporation (NASDAQ:SMTC) last announced its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. Semtech Corporation had a return on equity of 11.77% and a net margin of 11.00%. The business had revenue of $153.10 million during the quarter, compared to the consensus estimate of $154.91 million. During the same period in the previous year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, analysts forecast that Semtech Corporation will post $1.89 EPS for the current fiscal year.

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Institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. grew its position in shares of Semtech Corporation by 34.1% during the first quarter. Advisors Asset Management Inc. now owns 3,002 shares of the semiconductor company’s stock worth $101,000 after buying an additional 764 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Semtech Corporation by 74.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,299 shares of the semiconductor company’s stock worth $112,000 after buying an additional 1,405 shares in the last quarter. Strs Ohio grew its position in shares of Semtech Corporation by 22.2% during the second quarter. Strs Ohio now owns 3,300 shares of the semiconductor company’s stock worth $117,000 after buying an additional 600 shares in the last quarter. FNY Partners Fund LP grew its position in shares of Semtech Corporation by 515.4% during the first quarter. FNY Partners Fund LP now owns 4,000 shares of the semiconductor company’s stock worth $135,000 after buying an additional 3,350 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of Semtech Corporation during the first quarter worth about $137,000. 94.43% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently weighed in on SMTC shares. B. Riley reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Semtech Corporation in a research note on Sunday, May 21st. Drexel Hamilton upped their price objective on shares of Semtech Corporation from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, June 1st. Robert W. Baird reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Semtech Corporation in a research note on Thursday, June 1st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $39.00 price objective on shares of Semtech Corporation in a research note on Thursday, July 6th. Finally, BidaskClub lowered shares of Semtech Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $43.50.

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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