Mohan Maheswaran Sells 11,000 Shares of Semtech Co. (SMTC) Stock

Semtech Co. (NASDAQ:SMTC) insider Mohan Maheswaran sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $35.16, for a total transaction of $386,760.00. Following the completion of the transaction, the insider now directly owns 203,672 shares in the company, valued at $7,161,107.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Tuesday, January 16th, Mohan Maheswaran sold 2,500 shares of Semtech stock. The shares were sold at an average price of $38.98, for a total transaction of $97,450.00.
  • 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 $1.05 during midday trading on Monday, hitting $34.35. 757,940 shares of the stock were exchanged, compared to its average volume of 529,214. The company has a market capitalization of $2,340.00, a PE ratio of 50.51, a price-to-earnings-growth ratio of 4.75 and a beta of 1.41. Semtech Co. has a 52 week low of $31.50 and a 52 week high of $41.95. 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 (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 company had revenue of $156.60 million for the quarter, compared to analysts’ expectations of $155.69 million. Semtech had a net margin of 7.79% and a return on equity of 12.13%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $0.37 earnings per share. analysts forecast that Semtech Co. will post 1.21 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in SMTC. Quantbot Technologies LP bought a new position in shares of Semtech during the third quarter worth $133,000. Teacher Retirement System of Texas acquired a new stake in shares of Semtech during the third quarter worth $204,000. Flinton Capital Management LLC raised its holdings in shares of Semtech by 66.7% during the second quarter. Flinton Capital Management LLC now owns 5,740 shares of the semiconductor company’s stock worth $205,000 after acquiring an additional 2,296 shares during the period. Stifel Financial Corp acquired a new stake in shares of Semtech during the third quarter worth $209,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Semtech during the third quarter worth $232,000. 95.86% of the stock is currently owned by institutional investors.

SMTC has been the topic of a number of recent research reports. BWS Financial set a $49.00 price objective on shares of Semtech and gave the company a “buy” rating in a research note on Thursday, November 30th. Zacks Investment Research raised shares of Semtech from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. B. Riley reaffirmed a “buy” rating and issued a $46.00 price objective (down from $48.00) on shares of Semtech in a research note on Monday, November 27th. BidaskClub cut shares of Semtech from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Semtech in a research note on Thursday, November 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $41.90.

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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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