Semtech Co. (NASDAQ:SMTC) CFO Emeka Chukwu sold 2,000 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $38.00, for a total value of $76,000.00. Following the transaction, the chief financial officer now owns 69,776 shares in the company, valued at approximately $2,651,488. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Emeka Chukwu also recently made the following trade(s):
- On Friday, December 29th, Emeka Chukwu sold 2,000 shares of Semtech stock. The shares were sold at an average price of $34.32, for a total value of $68,640.00.
- On Saturday, December 29th, Emeka Chukwu sold 2,000 shares of Semtech stock. The shares were sold at an average price of $34.32, for a total value of $68,640.00.
- On Wednesday, November 1st, Emeka Chukwu sold 2,000 shares of Semtech stock. The shares were sold at an average price of $40.67, for a total value of $81,340.00.
Semtech Co. (SMTC) traded up $1.50 during trading on Friday, reaching $38.80. The company’s stock had a trading volume of 911,183 shares, compared to its average volume of 437,442. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.20 and a current ratio of 3.80. The company has a market cap of $2,475.17, a PE ratio of 56.23, a price-to-earnings-growth ratio of 6.17 and a beta of 1.41. Semtech Co. has a fifty-two week low of $31.50 and a fifty-two week high of $41.95.
Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.04. The business 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 was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 EPS. equities analysts forecast that Semtech Co. will post 1.21 EPS for the current year.
Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Semtech by 2.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,364 shares of the semiconductor company’s stock valued at $120,000 after acquiring an additional 65 shares in the last quarter. Quantbot Technologies LP bought a new stake in Semtech during the 3rd quarter valued at approximately $133,000. Victory Capital Management Inc. boosted its position in shares of Semtech by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,773 shares of the semiconductor company’s stock worth $171,000 after purchasing an additional 717 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Semtech by 65.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,130 shares of the semiconductor company’s stock worth $183,000 after purchasing an additional 2,030 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Semtech in the 3rd quarter worth approximately $204,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on SMTC shares. BWS Financial set a $49.00 price target on Semtech and gave the company a “buy” rating in a report on Thursday, November 30th. B. Riley restated a “buy” rating and set a $46.00 price target (down previously from $48.00) on shares of Semtech in a report on Monday, November 27th. Royal Bank of Canada restated a “hold” rating and set a $34.00 price target on shares of Semtech in a report on Thursday, November 30th. BidaskClub downgraded Semtech from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Finally, Zacks Investment Research downgraded Semtech from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $41.90.
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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.
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