Semtech Corporation (NASDAQ:SMTC) SVP Asaf Silberstein sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $40.72, for a total transaction of $40,720.00. Following the completion of the sale, the senior vice president now owns 28,900 shares of the company’s stock, valued at approximately $1,176,808. The transaction was disclosed in a filing with the SEC, which is available through this link.

Asaf Silberstein also recently made the following trade(s):

  • On Friday, October 13th, Asaf Silberstein sold 1,100 shares of Semtech Corporation stock. The stock was sold at an average price of $40.28, for a total transaction of $44,308.00.
  • On Thursday, October 12th, Asaf Silberstein sold 1,000 shares of Semtech Corporation stock. The stock was sold at an average price of $40.25, for a total transaction of $40,250.00.
  • On Tuesday, October 10th, Asaf Silberstein sold 1,957 shares of Semtech Corporation stock. The stock was sold at an average price of $39.58, for a total transaction of $77,458.06.
  • On Friday, October 6th, Asaf Silberstein sold 2,500 shares of Semtech Corporation stock. The stock was sold at an average price of $37.78, for a total transaction of $94,450.00.

Semtech Corporation (NASDAQ:SMTC) last issued its quarterly earnings results 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. Semtech Corporation had a return on equity of 11.77% and a net margin of 11.00%. The firm had revenue of $153.10 million during the quarter, compared to the consensus estimate of $154.91 million. During the same period last year, the company earned $0.35 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis.

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Several large investors have recently modified their holdings of the company. Kornitzer Capital Management Inc. KS increased its holdings in shares of Semtech Corporation by 35.0% during 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 acquiring an additional 70,020 shares in the last quarter. Bridge City Capital LLC increased its holdings in shares of Semtech Corporation by 8.7% during the third quarter. Bridge City Capital LLC now owns 41,197 shares of the semiconductor company’s stock valued at $1,547,000 after acquiring an additional 3,292 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Semtech Corporation during the third quarter valued at $438,000. Fox Run Management L.L.C. bought a new position in shares of Semtech Corporation during the third quarter valued at $263,000. Finally, Strs Ohio increased its holdings in shares of Semtech Corporation by 269.7% during the third quarter. Strs Ohio now owns 12,200 shares of the semiconductor company’s stock valued at $458,000 after acquiring an additional 8,900 shares in the last quarter. Hedge funds and other institutional investors own 94.37% of the company’s stock.

Several research firms have recently issued reports on SMTC. Zacks Investment Research upgraded shares of Semtech Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. B. Riley reiterated a “buy” rating and issued a $48.00 target price on shares of Semtech Corporation in a research note on Thursday, October 5th. Royal Bank Of Canada reiterated a “hold” rating and issued a $39.00 target price on shares of Semtech Corporation in a research note on Tuesday, October 3rd. Drexel Hamilton reiterated a “buy” rating and issued a $45.00 target price on shares of Semtech Corporation in a research note on Thursday, August 31st. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $42.00 target price on shares of Semtech Corporation in a research note on Sunday, August 27th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus 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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