Semtech Corporation (NASDAQ:SMTC) Director James P. Burra sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $37.65, for a total transaction of $188,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Semtech Corporation (NASDAQ:SMTC) traded down 0.92% on Thursday, hitting $37.50. 394,249 shares of the stock traded hands. Semtech Corporation has a 12-month low of $22.81 and a 12-month high of $41.15. The stock has a 50-day moving average of $36.62 and a 200-day moving average of $36.05. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 39.64 and a beta of 1.45.

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

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SMTC has been the subject of several research reports. Robert W. Baird reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Semtech Corporation in a report on Tuesday, June 13th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $39.00 price target on shares of Semtech Corporation in a report on Thursday, July 6th. BidaskClub lowered shares of Semtech Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. B. Riley reaffirmed a “buy” rating and issued a $48.00 price target on shares of Semtech Corporation in a report on Thursday, August 24th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $42.00 price target on shares of Semtech Corporation in a report on Sunday, August 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $43.50.

Institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its position in shares of Semtech Corporation by 34.1% during the 1st quarter. Advisors Asset Management Inc. now owns 3,002 shares of the semiconductor company’s stock worth $101,000 after purchasing an additional 764 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Semtech Corporation by 74.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,299 shares of the semiconductor company’s stock worth $112,000 after purchasing an additional 1,405 shares in the last quarter. Strs Ohio increased its position in shares of Semtech Corporation by 22.2% during the 2nd quarter. Strs Ohio now owns 3,300 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 600 shares in the last quarter. FNY Partners Fund LP increased its position in shares of Semtech Corporation by 515.4% during the 1st quarter. FNY Partners Fund LP now owns 4,000 shares of the semiconductor company’s stock worth $135,000 after purchasing an additional 3,350 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of Semtech Corporation during the 1st quarter worth about $137,000. Institutional investors and hedge funds own 94.42% of the company’s stock.

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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