Semtech Co. (NASDAQ:SMTC) EVP Charles B. Ammann sold 2,250 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $37.00, for a total transaction of $83,250.00. Following the completion of the transaction, the executive vice president now owns 14,905 shares in the company, valued at approximately $551,485. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Semtech Co. (NASDAQ:SMTC) opened at $38.80 on Friday. The firm has a market cap of $2,574.69, a P/E ratio of 56.23, a PEG ratio of 6.41 and a beta of 1.41. Semtech Co. has a one year low of $31.50 and a one year high of $41.95. The company has a quick ratio of 3.20, a current ratio of 3.80 and a debt-to-equity ratio of 0.32.
Semtech (NASDAQ:SMTC) last released its earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.04. The company had revenue of $156.60 million during the quarter, compared to analyst estimates of $155.69 million. Semtech had a net margin of 7.79% and a return on equity of 12.13%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 EPS. research analysts expect that Semtech Co. will post 1.21 earnings per share for the current fiscal year.
SMTC has been the topic of several recent research reports. Royal Bank of Canada reiterated a “hold” rating and issued a $34.00 price objective on shares of Semtech in a research note on Thursday, November 30th. BidaskClub cut shares of Semtech from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. BWS Financial set a $49.00 price objective on shares of Semtech and gave the stock a “buy” rating in a research note on Thursday, November 30th. Zacks Investment Research upgraded shares of Semtech from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Oppenheimer reiterated a “buy” rating and issued a $42.00 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 nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $41.90.
A number of institutional investors have recently added to or reduced their stakes in SMTC. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Semtech by 2.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,364 shares of the semiconductor company’s stock worth $120,000 after acquiring an additional 65 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Semtech in the 3rd quarter worth approximately $133,000. Victory Capital Management Inc. increased its holdings in 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 acquiring an additional 717 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in 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 acquiring an additional 2,030 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in Semtech in the 3rd quarter worth approximately $204,000. 93.99% of the stock is owned by institutional investors.
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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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