Semtech Co. (SMTC) Director Glen M. Antle Sells 5,000 Shares

Semtech Co. (NASDAQ:SMTC) Director Glen M. Antle sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $34.56, for a total value of $172,800.00. Following the sale, the director now directly owns 5,000 shares of the company’s stock, valued at $172,800. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Semtech Co. (NASDAQ:SMTC) traded up $0.20 during trading hours on Friday, hitting $34.40. The stock had a trading volume of 932,750 shares, compared to its average volume of 705,839. Semtech Co. has a twelve month low of $31.00 and a twelve month high of $41.95. The stock has a market cap of $2,269.46, a P/E ratio of 29.48, a PEG ratio of 5.65 and a beta of 1.41. 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 (NASDAQ:SMTC) last announced its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.04. Semtech had a return on equity of 12.13% and a net margin of 7.79%. The business had revenue of $156.60 million for the quarter, compared to the consensus estimate of $155.69 million. During the same period last year, the business posted $0.37 EPS. The business’s revenue was up 11.1% compared to the same quarter last year. sell-side analysts forecast that Semtech Co. will post 1.21 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in SMTC. Nisa Investment Advisors LLC grew its stake in Semtech by 2.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,370 shares of the semiconductor company’s stock worth $228,000 after buying an additional 150 shares during the last quarter. Aperio Group LLC grew its stake in Semtech by 10.6% during the 2nd quarter. Aperio Group LLC now owns 15,511 shares of the semiconductor company’s stock worth $555,000 after buying an additional 1,488 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Semtech by 5.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 38,684 shares of the semiconductor company’s stock worth $1,384,000 after buying an additional 1,956 shares during the last quarter. Strs Ohio grew its stake in Semtech by 22.2% during the 2nd quarter. Strs Ohio now owns 3,300 shares of the semiconductor company’s stock worth $117,000 after buying an additional 600 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in Semtech by 20.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,040 shares of the semiconductor company’s stock worth $645,000 after buying an additional 3,100 shares during the last quarter. Institutional investors and hedge funds own 94.00% of the company’s stock.

A number of equities research analysts recently issued reports on SMTC shares. B. Riley reaffirmed a “buy” rating and set a $48.00 target price on shares of Semtech in a research report on Thursday, August 24th. Royal Bank of Canada reaffirmed a “hold” rating and set a $34.00 target price on shares of Semtech in a research report on Thursday, November 30th. Oppenheimer reaffirmed a “buy” rating and set a $42.00 target price on shares of Semtech in a research report on Sunday, August 27th. Drexel Hamilton reaffirmed a “buy” rating and set a $45.00 target price on shares of Semtech in a research report on Thursday, August 31st. Finally, BidaskClub lowered Semtech from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $43.13.

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Semtech Company Profile

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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