Semtech Co. (NASDAQ:SMTC) CEO Mohan Maheswaran sold 2,500 shares of Semtech stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $34.44, for a total transaction of $86,100.00. Following the transaction, the chief executive officer now directly owns 212,872 shares in the company, valued at $7,331,311.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Mohan Maheswaran also recently made the following trade(s):

  • On Wednesday, November 15th, Mohan Maheswaran sold 2,500 shares of Semtech stock. The stock was sold at an average price of $37.76, for a total transaction of $94,400.00.
  • On Friday, October 13th, Mohan Maheswaran sold 2,500 shares of Semtech stock. The stock was sold at an average price of $40.03, for a total transaction of $100,075.00.

Shares of Semtech Co. (SMTC) traded up $0.20 during trading on Friday, hitting $34.40. 932,750 shares of the stock traded hands, compared to its average volume of 489,278. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.80 and a quick ratio of 3.20. Semtech Co. has a 1 year low of $31.00 and a 1 year high of $41.95. The company has a market capitalization of $2,289.36, a PE ratio of 29.74, a price-to-earnings-growth ratio of 5.70 and a beta of 1.41.

Semtech (NASDAQ:SMTC) last issued 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 net margin of 7.79% and a return on equity of 12.13%. The firm had revenue of $156.60 million for the quarter, compared to analysts’ expectations of $155.69 million. During the same quarter last year, the business earned $0.37 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. analysts forecast that Semtech Co. will post 1.21 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. Stephens Investment Management Group LLC grew its holdings in shares of Semtech by 4.5% in the third quarter. Stephens Investment Management Group LLC now owns 1,129,920 shares of the semiconductor company’s stock worth $42,428,000 after purchasing an additional 49,111 shares during the last quarter. State Street Corp grew its holdings in shares of Semtech by 4.8% in the second quarter. State Street Corp now owns 1,902,288 shares of the semiconductor company’s stock worth $68,013,000 after purchasing an additional 86,399 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Semtech by 5.8% in the second quarter. California Public Employees Retirement System now owns 138,700 shares of the semiconductor company’s stock worth $4,959,000 after purchasing an additional 7,600 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Semtech by 49.7% in the second quarter. Public Employees Retirement System of Ohio now owns 167,926 shares of the semiconductor company’s stock worth $6,003,000 after purchasing an additional 55,714 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of Semtech by 10.5% in the second quarter. Parametric Portfolio Associates LLC now owns 138,606 shares of the semiconductor company’s stock worth $4,955,000 after purchasing an additional 13,182 shares during the last quarter. Hedge funds and other institutional investors own 94.00% of the company’s stock.

Several research firms have commented on SMTC. Needham & Company LLC began coverage on shares of Semtech in a research note on Monday. They set a “buy” rating and a $42.00 price target on the stock. B. Riley reissued a “buy” rating and set a $46.00 price target (down from $48.00) on shares of Semtech in a research note on Monday, November 27th. Zacks Investment Research downgraded shares of Semtech from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Oppenheimer reissued a “buy” rating and set a $42.00 price target on shares of Semtech in a research note on Sunday, November 19th. Finally, Drexel Hamilton reissued a “buy” rating and set a $45.00 price target on shares of Semtech in a research note on Thursday, November 30th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $43.13.

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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.

Insider Buying and Selling by Quarter for Semtech (NASDAQ:SMTC)

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