Semtech Corporation (SMTC) SVP James Jungsup Kim Sells 1,500 Shares
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.
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.
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