Semtech Corporation (NASDAQ:SMTC) CFO Emeka Chukwu sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $40.67, for a total transaction of $81,340.00. Following the transaction, the chief financial officer now directly owns 73,776 shares in the company, valued at approximately $3,000,469.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Emeka Chukwu also recently made the following trade(s):

  • On Monday, October 2nd, Emeka Chukwu sold 2,000 shares of Semtech Corporation stock. The stock was sold at an average price of $37.72, for a total transaction of $75,440.00.
  • On Friday, September 1st, Emeka Chukwu sold 2,000 shares of Semtech Corporation stock. The stock was sold at an average price of $37.56, for a total transaction of $75,120.00.

Semtech Corporation (NASDAQ:SMTC) last posted its earnings results on Wednesday, August 30th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The firm 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 company’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 earnings per share.

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SMTC has been the subject of several research analyst reports. B. Riley reaffirmed a “buy” rating and set a $48.00 price target on shares of Semtech Corporation in a research report on Thursday, October 5th. Drexel Hamilton reaffirmed a “buy” rating and set a $45.00 price target on shares of Semtech Corporation in a research report on Thursday, August 31st. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $42.00 price target on shares of Semtech Corporation in a research report on Sunday, August 27th. BidaskClub lowered shares of Semtech Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $39.00 price target on shares of Semtech Corporation in a research report on Thursday, July 6th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Semtech Corporation presently has a consensus rating of “Buy” and a consensus target price of $43.50.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Legato Capital Management LLC lifted its stake in Semtech Corporation by 890.2% in the second quarter. Legato Capital Management LLC now owns 18,814 shares of the semiconductor company’s stock valued at $673,000 after acquiring an additional 16,914 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in Semtech Corporation by 5.0% in the first quarter. Thrivent Financial For Lutherans now owns 37,010 shares of the semiconductor company’s stock valued at $1,251,000 after acquiring an additional 1,760 shares during the last quarter. BlackRock Inc. lifted its stake in Semtech Corporation by 32,758.7% in the first quarter. BlackRock Inc. now owns 8,382,260 shares of the semiconductor company’s stock valued at $283,320,000 after acquiring an additional 8,356,750 shares during the last quarter. California Public Employees Retirement System lifted its stake in Semtech Corporation by 5.8% in the second quarter. California Public Employees Retirement System now owns 138,700 shares of the semiconductor company’s stock valued at $4,959,000 after acquiring an additional 7,600 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Semtech Corporation by 5.6% in the first quarter. Vanguard Group Inc. now owns 6,004,655 shares of the semiconductor company’s stock valued at $202,958,000 after acquiring an additional 320,207 shares during the last quarter. Hedge funds and other institutional investors own 94.37% of the company’s stock.

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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