Semtech Corporation (NASDAQ:SMTC) EVP Charles B. Ammann sold 2,250 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $40.67, for a total transaction of $91,507.50. Following the completion of the sale, the executive vice president now directly owns 14,905 shares of the company’s stock, valued at approximately $606,186.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Semtech Corporation (NASDAQ:SMTC) last issued its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. The firm had revenue of $153.10 million for the quarter, compared to analyst estimates of $154.91 million. Semtech Corporation had a net margin of 11.00% and a return on equity of 11.77%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 earnings per share.

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Several large investors have recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS raised its position in shares of Semtech Corporation by 35.0% in the third quarter. Kornitzer Capital Management Inc. KS now owns 270,020 shares of the semiconductor company’s stock valued at $10,139,000 after purchasing an additional 70,020 shares during the period. Bridge City Capital LLC raised its position in shares of Semtech Corporation by 8.7% in the third quarter. Bridge City Capital LLC now owns 41,197 shares of the semiconductor company’s stock valued at $1,547,000 after purchasing an additional 3,292 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of Semtech Corporation in the third quarter valued at approximately $438,000. Fox Run Management L.L.C. bought a new position in shares of Semtech Corporation in the third quarter valued at approximately $263,000. Finally, Strs Ohio raised its position in shares of Semtech Corporation by 269.7% in the third quarter. Strs Ohio now owns 12,200 shares of the semiconductor company’s stock valued at $458,000 after purchasing an additional 8,900 shares during the period. 94.37% of the stock is currently owned by institutional investors.

SMTC has been the subject of several recent research reports. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $42.00 price objective on shares of Semtech Corporation in a research report on Sunday, August 27th. Zacks Investment Research lowered shares of Semtech Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. Royal Bank Of Canada reissued a “hold” rating and issued a $39.00 price objective on shares of Semtech Corporation in a research report on Thursday, July 6th. Drexel Hamilton reissued a “buy” rating and issued a $45.00 price objective on shares of Semtech Corporation in a research report on Thursday, August 31st. Finally, B. Riley reissued a “buy” rating and issued a $48.00 price objective on shares of Semtech Corporation in a research report on Thursday, October 5th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $43.50.

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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