Semtech Co. (NASDAQ:SMTC) EVP Charles B. Ammann sold 2,250 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were 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 of the company’s stock, valued at $551,485. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Semtech Co. (NASDAQ:SMTC) traded down $1.05 during midday trading on Monday, hitting $34.35. 748,630 shares of the stock were exchanged, compared to its average volume of 529,214. 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 stock has a market capitalization of $2,340.00, a price-to-earnings ratio of 50.51, a price-to-earnings-growth ratio of 4.75 and a beta of 1.41. Semtech Co. has a 1-year low of $31.50 and a 1-year high of $41.95.
Semtech (NASDAQ:SMTC) last posted its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.04. The business 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 revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share. equities research analysts predict that Semtech Co. will post 1.21 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of SMTC. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Semtech by 2.0% during the second 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 position in shares of Semtech in the third quarter valued at approximately $133,000. Victory Capital Management Inc. raised its position in shares of Semtech by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,773 shares of the semiconductor company’s stock valued at $171,000 after purchasing an additional 717 shares during the period. Riverhead Capital Management LLC raised its position in shares of Semtech by 65.5% in the second quarter. Riverhead Capital Management LLC now owns 5,130 shares of the semiconductor company’s stock valued at $183,000 after purchasing an additional 2,030 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in shares of Semtech in the third quarter valued at approximately $204,000. 95.86% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on the stock. Needham & Company LLC assumed coverage on shares of Semtech in a report on Monday, December 11th. They issued a “buy” rating and a $42.00 price objective on the stock. B. Riley reaffirmed a “buy” rating and issued a $46.00 price objective (down previously from $48.00) on shares of Semtech in a report on Monday, November 27th. BidaskClub upgraded shares of Semtech from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Roth Capital started coverage on shares of Semtech in a research report on Friday, January 5th. They issued a “buy” rating and a $39.00 target price for the company. Finally, Zacks Investment Research lowered shares of Semtech from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $41.90.
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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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