Semtech Corporation (NASDAQ:SMTC) CFO Emeka Chukwu sold 2,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $37.72, for a total transaction of $75,440.00. Following the completion of the transaction, the chief financial officer now owns 77,776 shares in the company, valued at $2,933,710.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Emeka Chukwu also recently made the following trade(s):

  • On Friday, September 1st, Emeka Chukwu sold 2,000 shares of Semtech Corporation stock. The shares were sold at an average price of $37.56, for a total transaction of $75,120.00.
  • On Tuesday, August 1st, Emeka Chukwu sold 2,000 shares of Semtech Corporation stock. The shares were sold at an average price of $39.89, for a total transaction of $79,780.00.
  • On Wednesday, July 5th, Emeka Chukwu sold 1,200 shares of Semtech Corporation stock. The shares were sold at an average price of $35.00, for a total transaction of $42,000.00.

Shares of Semtech Corporation (NASDAQ:SMTC) traded up 0.26% during mid-day trading on Tuesday, hitting $38.30. 362,391 shares of the company were exchanged. The firm has a market capitalization of $2.54 billion, a P/E ratio of 40.49 and a beta of 1.45. The company’s 50-day moving average price is $36.63 and its 200-day moving average price is $36.04. Semtech Corporation has a 12-month low of $22.81 and a 12-month high of $41.15.

Semtech Corporation (NASDAQ:SMTC) last released its earnings results on Wednesday, August 30th. The semiconductor company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $153.10 million during the quarter, compared to analysts’ expectations of $154.91 million. Semtech Corporation had a return on equity of 11.77% and a net margin of 11.00%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 earnings per share. Equities research analysts predict that Semtech Corporation will post $1.89 earnings per share for the current fiscal year.

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Several research analysts have recently commented on SMTC shares. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $42.00 target price on shares of Semtech Corporation in a report on Sunday, August 27th. Drexel Hamilton reaffirmed a “buy” rating and set a $45.00 price target on shares of Semtech Corporation in a report on Thursday, August 31st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $39.00 price target on shares of Semtech Corporation in a 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, September 6th. Finally, B. Riley reiterated a “buy” rating and issued a $48.00 price objective on shares of Semtech Corporation in a research report on Sunday, September 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. Semtech Corporation currently has a consensus rating of “Buy” and an average price target of $43.50.

Several institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in shares of Semtech Corporation by 113.4% during the 1st quarter. Russell Investments Group Ltd. now owns 36,728 shares of the semiconductor company’s stock worth $1,242,000 after buying an additional 19,521 shares during the last quarter. Legato Capital Management LLC boosted its stake in Semtech Corporation by 890.2% in the second quarter. Legato Capital Management LLC now owns 18,814 shares of the semiconductor company’s stock valued at $673,000 after buying an additional 16,914 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in Semtech Corporation by 5.0% in the first quarter. Thrivent Financial For Lutherans now owns 37,010 shares of the semiconductor company’s stock valued at $1,251,000 after buying an additional 1,760 shares in the last quarter. Sensato Investors LLC acquired a new stake in Semtech Corporation in the first quarter valued at about $247,000. Finally, BlackRock Inc. boosted its stake in Semtech Corporation by 32,758.7% in the first quarter. BlackRock Inc. now owns 8,382,260 shares of the semiconductor company’s stock valued at $283,320,000 after buying an additional 8,356,750 shares in the last quarter. 94.42% of the stock is owned by 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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