Semtech Co. (NASDAQ:SMTC) Director Glen M. Antle sold 5,000 shares of Semtech stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $34.56, for a total value of $172,800.00. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at approximately $172,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Semtech Co. (NASDAQ SMTC) traded up $0.10 during midday trading on Wednesday, reaching $34.50. The company’s stock had a trading volume of 711,919 shares, compared to its average volume of 486,635. The firm has a market capitalization of $2,219.69, a P/E ratio of 28.84, a PEG ratio of 5.53 and a beta of 1.41. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.32. Semtech Co. has a 1 year low of $30.80 and a 1 year high of $41.95.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.04. The firm had revenue of $156.60 million for the quarter, compared to the consensus estimate of $155.69 million. Semtech had a return on equity of 12.13% and a net margin of 7.79%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 earnings per share. equities analysts forecast that Semtech Co. will post 1.21 EPS for the current fiscal year.

A number of analysts recently issued reports on the company. Needham & Company LLC assumed coverage on Semtech in a research report on Monday. They issued a “buy” rating and a $42.00 target price on the stock. B. Riley reaffirmed a “buy” rating and issued a $46.00 target price (down previously from $48.00) on shares of Semtech in a research report on Monday, November 27th. Zacks Investment Research downgraded Semtech from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. Oppenheimer reaffirmed a “buy” rating and issued a $42.00 target price on shares of Semtech in a research report on Sunday, November 19th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $45.00 target price on shares of Semtech in a research report on Thursday, November 30th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $43.13.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC increased its position in Semtech by 15.5% during the second quarter. FMR LLC now owns 8,376,134 shares of the semiconductor company’s stock worth $299,446,000 after buying an additional 1,124,083 shares during the last quarter. Vanguard Group Inc. increased its position in Semtech by 1.3% during the second quarter. Vanguard Group Inc. now owns 6,080,648 shares of the semiconductor company’s stock worth $217,384,000 after buying an additional 75,993 shares during the last quarter. Frontier Capital Management Co. LLC increased its position in Semtech by 21.1% during the second quarter. Frontier Capital Management Co. LLC now owns 2,634,349 shares of the semiconductor company’s stock worth $94,178,000 after buying an additional 459,808 shares during the last quarter. State Street Corp increased its position in Semtech by 4.8% during the second quarter. State Street Corp now owns 1,902,288 shares of the semiconductor company’s stock worth $68,013,000 after buying an additional 86,399 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in Semtech by 29.7% during the second quarter. Macquarie Group Ltd. now owns 1,352,123 shares of the semiconductor company’s stock worth $48,338,000 after buying an additional 309,928 shares during the last quarter. 94.00% of the stock is currently owned by hedge funds and other institutional investors.

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Semtech 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 (NASDAQ:SMTC)

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