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.
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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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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