Semtech (NASDAQ:SMTC) posted its quarterly earnings data on Wednesday. The semiconductor company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01, RTT News reports. The business had revenue of $142.11 million during the quarter, compared to the consensus estimate of $140.49 million. Semtech had a return on equity of 12.13% and a net margin of 7.79%. Semtech’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. Semtech updated its Q1 guidance to $0.45-0.47 EPS.
Shares of Semtech (NASDAQ:SMTC) traded down $0.05 on Wednesday, reaching $34.90. 1,370,180 shares of the company’s stock were exchanged, compared to its average volume of 574,973. The company has a quick ratio of 3.20, a current ratio of 3.80 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2,320.00, a PE ratio of 51.32, a P/E/G ratio of 4.70 and a beta of 1.40. Semtech has a twelve month low of $31.30 and a twelve month high of $41.95.
In other Semtech news, EVP Charles B. Ammann sold 2,250 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $34.31, for a total transaction of $77,197.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Mohan Maheswaran sold 2,500 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 210,372 shares in the company, valued at approximately $8,200,300.56. The disclosure for this sale can be found here. Insiders have sold 114,034 shares of company stock worth $3,912,067 in the last ninety days. Insiders own 2.20% of the company’s stock.
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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