Semtech (SMTC) Given News Impact Score of 0.04

Media stories about Semtech (NASDAQ:SMTC) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Semtech earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 45.1974298189187 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

Shares of Semtech (NASDAQ:SMTC) opened at $37.85 on Friday. 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 has a one year low of $31.50 and a one year high of $41.95. The firm has a market cap of $2,518.30, a P/E ratio of 54.86, a P/E/G ratio of 6.27 and a beta of 1.41.

Semtech (NASDAQ:SMTC) last released its earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.04. Semtech had a net margin of 7.79% and a return on equity of 12.13%. The firm had revenue of $156.60 million for the quarter, compared to analyst estimates of $155.69 million. During the same period in the prior year, the firm earned $0.37 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. analysts predict that Semtech will post 1.21 EPS for the current fiscal year.

A number of analysts have issued reports on SMTC shares. Needham & Company LLC started coverage on shares of Semtech in a research note on Monday, December 11th. They set a “buy” rating and a $42.00 price target on the stock. BWS Financial set a $49.00 price target on shares of Semtech and gave the stock a “buy” rating in a research note on Thursday, November 30th. B. Riley reiterated a “buy” rating and set a $46.00 price target (down from $48.00) on shares of Semtech in a research note on Monday, November 27th. Oppenheimer reiterated a “buy” rating and set a $42.00 price target on shares of Semtech in a research note on Sunday, November 19th. Finally, Drexel Hamilton reiterated a “buy” rating and set a $45.00 price target on shares of Semtech in a research note on Thursday, November 30th. One investment 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’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $41.90.

In related news, insider Mohan Maheswaran sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $38.98, for a total value of $97,450.00. Following the completion of the transaction, the insider now directly owns 210,372 shares of the company’s stock, valued at $8,200,300.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Michael Wilson sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $35.78, for a total value of $357,800.00. Following the completion of the transaction, the executive vice president now directly owns 84,066 shares of the company’s stock, valued at $3,007,881.48. The disclosure for this sale can be found here. Insiders have sold 47,534 shares of company stock worth $1,715,752 over the last 90 days. Insiders own 2.10% of the company’s stock.

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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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