Semtech Corporation (NASDAQ:SMTC) SVP James Jungsup Kim sold 1,500 shares of Semtech Corporation stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $37.71, for a total transaction of $56,565.00. Following the completion of the sale, the senior vice president now owns 27,600 shares in the company, valued at $1,040,796. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

James Jungsup Kim also recently made the following trade(s):

  • On Friday, September 1st, James Jungsup Kim sold 1,500 shares of Semtech Corporation stock. The shares were sold at an average price of $37.57, for a total value of $56,355.00.
  • On Tuesday, August 1st, James Jungsup Kim sold 1,500 shares of Semtech Corporation stock. The shares were sold at an average price of $39.89, for a total value of $59,835.00.

Shares of Semtech Corporation (NASDAQ:SMTC) traded up 0.26% during midday trading on Tuesday, reaching $38.30. 362,391 shares of the company traded hands. The firm has a market capitalization of $2.54 billion, a PE ratio of 40.49 and a beta of 1.45. Semtech Corporation has a 12-month low of $22.81 and a 12-month high of $41.15. The company has a 50-day moving average of $36.63 and a 200 day moving average of $36.04.

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

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Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Semtech Corporation by 32,758.7% in the 1st quarter. BlackRock Inc. now owns 8,382,260 shares of the semiconductor company’s stock worth $283,320,000 after acquiring an additional 8,356,750 shares in the last quarter. FMR LLC raised its holdings in shares of Semtech Corporation by 15.5% in the second quarter. FMR LLC now owns 8,376,134 shares of the semiconductor company’s stock valued at $299,446,000 after purchasing an additional 1,124,083 shares during the last quarter. Frontier Capital Management Co. LLC raised its holdings in shares of Semtech Corporation by 21.1% in the second quarter. Frontier Capital Management Co. LLC now owns 2,634,349 shares of the semiconductor company’s stock valued at $94,178,000 after purchasing an additional 459,808 shares during the last quarter. Fiera Capital Corp purchased a new stake in shares of Semtech Corporation in the second quarter valued at about $11,770,000. Finally, Fisher Asset Management LLC lifted its position in shares of Semtech Corporation by 409.3% during the second quarter. Fisher Asset Management LLC now owns 407,323 shares of the semiconductor company’s stock valued at $14,562,000 after purchasing an additional 327,351 shares in the last quarter. 94.42% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on the company. B. Riley reaffirmed a “buy” rating and issued a $48.00 target price on shares of Semtech Corporation in a research report on Tuesday, June 6th. Robert W. Baird reissued an “outperform” rating and set a $45.00 price target on shares of Semtech Corporation in a research report on Tuesday, June 13th. Royal Bank Of Canada reissued a “hold” rating and set a $39.00 price target on shares of Semtech Corporation in a research report on Thursday, July 6th. BidaskClub downgraded Semtech Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. Finally, Oppenheimer Holdings Inc. restated a “buy” rating and issued a $42.00 price target on shares of Semtech Corporation in a research note on Sunday, August 27th. One investment 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. The company presently has an average rating of “Buy” and an average target price of $43.50.

About Semtech Corporation

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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