Semtech Corporation (NASDAQ:SMTC) VP Marc Pegulu sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $38.21, for a total transaction of $38,210.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Semtech Corporation (NASDAQ:SMTC) traded down 1.17% during mid-day trading on Wednesday, reaching $37.85. 217,305 shares of the company were exchanged. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 40.01 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’s 50 day moving average price is $36.63 and its 200-day moving average price is $36.04.

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

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A number of large investors have recently added to or reduced their stakes in SMTC. Advisors Asset Management Inc. increased its position in 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 acquiring an additional 764 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 acquiring an additional 1,405 shares during the period. Strs Ohio increased its position in 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 acquiring an additional 600 shares during the period. FNY Partners Fund LP increased its position in 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 acquiring an additional 3,350 shares during the period. Finally, Victory Capital Management Inc. bought a new position in Semtech Corporation during the first quarter worth about $137,000. 94.42% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently issued reports on SMTC. Drexel Hamilton restated a “buy” rating and set a $45.00 price objective on shares of Semtech Corporation in a report on Thursday, August 31st. Royal Bank Of Canada restated a “hold” rating and set a $39.00 price objective on shares of Semtech Corporation in a report on Tuesday. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $42.00 price objective on shares of Semtech Corporation in a report on Sunday, August 27th. B. Riley restated a “buy” rating and set a $48.00 price objective on shares of Semtech Corporation in a report on Thursday, August 24th. Finally, Robert W. Baird restated an “outperform” rating and set a $45.00 price objective on shares of Semtech Corporation in a report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus 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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