Semtech (NASDAQ:SMTC) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.40-0.42 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.47. The company issued revenue guidance of $138-142 million, compared to the consensus revenue estimate of $152.95 million.

Several research firms have recently commented on SMTC. B. Riley reaffirmed a buy rating and issued a $48.00 price objective on shares of Semtech in a research note on Thursday, August 24th. BidaskClub downgraded Semtech from a strong-buy rating to a buy rating in a research note on Friday, August 18th. Zacks Investment Research downgraded Semtech from a hold rating to a sell rating in a research note on Wednesday, September 6th. Royal Bank Of Canada reaffirmed a hold rating and issued a $39.00 price objective on shares of Semtech in a research note on Tuesday, October 3rd. Finally, BWS Financial began coverage on Semtech in a research note on Monday, November 20th. They issued a buy rating and a $49.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Semtech has a consensus rating of Buy and a consensus price target of $44.29.

Semtech (NASDAQ SMTC) traded down $0.05 during midday trading on Wednesday, hitting $38.75. The stock had a trading volume of 375,400 shares, compared to its average volume of 463,287. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.42 and a quick ratio of 2.83. Semtech has a 1 year low of $27.55 and a 1 year high of $41.95. The company has a market capitalization of $2,570.00, a P/E ratio of 36.96, a P/E/G ratio of 6.61 and a beta of 1.48.

Semtech (NASDAQ:SMTC) last released its earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.04. Semtech had a return on equity of 11.77% and a net margin of 11.00%. The firm had revenue of $156.60 million during the quarter, compared to analysts’ expectations of $155.69 million. During the same quarter last year, the business posted $0.37 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. analysts forecast that Semtech will post 1.23 EPS for the current fiscal year.

In related news, SVP Asaf Silberstein sold 1,957 shares of the stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $39.58, for a total transaction of $77,458.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mohan Maheswaran sold 2,500 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $37.76, for a total value of $94,400.00. The disclosure for this sale can be found here. Insiders have sold 68,370 shares of company stock valued at $2,636,446 in the last quarter. 2.20% of the stock is currently owned by company insiders.

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About Semtech

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.

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