Semtech Co. (NASDAQ:SMTC) insider Mohan Maheswaran sold 2,500 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $38.98, for a total transaction of $97,450.00. Following the transaction, the insider now owns 210,372 shares in the company, valued at $8,200,300.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Friday, December 15th, Mohan Maheswaran sold 2,500 shares of Semtech stock. The shares were sold at an average price of $34.44, for a total transaction of $86,100.00.
  • On Wednesday, November 15th, Mohan Maheswaran sold 2,500 shares of Semtech stock. The shares were sold at an average price of $37.76, for a total transaction of $94,400.00.

Shares of Semtech Co. (NASDAQ:SMTC) traded down $0.55 during trading on Tuesday, hitting $38.25. 754,113 shares of the stock traded hands, compared to its average volume of 561,570. 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 $31.50 and a 1 year high of $41.95. The company has a market capitalization of $2,574.71, a PE ratio of 55.44, a price-to-earnings-growth ratio of 6.41 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.

A number of brokerages have commented on SMTC. BidaskClub upgraded shares of Semtech from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Royal Bank of Canada reiterated a “hold” rating and set a $39.00 price target on shares of Semtech in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Semtech from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. BWS Financial initiated coverage on shares of Semtech in a research report on Monday, November 20th. They set a “buy” rating and a $49.00 price target on the stock. Finally, Oppenheimer restated a “buy” rating and issued a $42.00 target price on shares of Semtech in a report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $41.90.

Several institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its holdings in Semtech by 21.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 338,792 shares of the semiconductor company’s stock valued at $12,112,000 after acquiring an additional 59,425 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in Semtech by 75.0% in the second quarter. Federated Investors Inc. PA now owns 24,656 shares of the semiconductor company’s stock valued at $882,000 after acquiring an additional 10,569 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Semtech by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,773 shares of the semiconductor company’s stock valued at $171,000 after acquiring an additional 717 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Semtech by 2.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,364 shares of the semiconductor company’s stock valued at $120,000 after acquiring an additional 65 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in Semtech in the second quarter valued at $217,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

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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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