Mohan Maheswaran Sells 22,000 Shares of Semtech Co. (SMTC) Stock

Semtech Co. (NASDAQ:SMTC) insider Mohan Maheswaran sold 22,000 shares of Semtech stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $32.63, for a total value of $717,860.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Monday, February 5th, Mohan Maheswaran sold 11,000 shares of Semtech stock. The stock was sold at an average price of $35.16, for a total transaction of $386,760.00.
  • On Tuesday, January 16th, Mohan Maheswaran sold 2,500 shares of Semtech stock. The stock was 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 stock was sold at an average price of $34.44, for a total transaction of $86,100.00.

Semtech Co. (NASDAQ:SMTC) traded up $0.35 on Wednesday, hitting $32.85. The stock had a trading volume of 777,392 shares, compared to its average volume of 598,864. The company has a market capitalization of $2,156.65, a PE ratio of 47.61, a PEG ratio of 4.36 and a beta of 1.41. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.20 and a current ratio of 3.80. Semtech Co. has a 52 week low of $31.30 and a 52 week high of $41.95.

Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 return on equity of 12.13% and a net margin of 7.79%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 earnings per share. equities analysts forecast that Semtech Co. will post 1.21 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the stock. BidaskClub raised shares of Semtech from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research raised shares of Semtech from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. BWS Financial assumed coverage on shares of Semtech in a report on Monday, November 20th. They issued a “buy” rating and a $49.00 target price on the stock. Oppenheimer reissued a “buy” rating and issued a $42.00 target price on shares of Semtech in a report on Thursday, November 30th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $45.00 target price on shares of Semtech in a report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. Semtech currently has a consensus rating of “Buy” and an average price target of $41.90.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMTC. Quantbot Technologies LP bought a new stake in shares of Semtech during the third quarter valued at approximately $133,000. Teacher Retirement System of Texas bought a new stake in shares of Semtech during the third quarter valued at approximately $204,000. Stifel Financial Corp bought a new stake in shares of Semtech during the third quarter valued at approximately $209,000. Dorsey & Whitney Trust CO LLC bought a new stake in shares of Semtech during the third quarter valued at approximately $232,000. Finally, Shelton Capital Management bought a new stake in shares of Semtech during the second quarter valued at approximately $233,000. 96.47% of the stock is currently owned by institutional investors.

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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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