Media stories about Semtech (NASDAQ:SMTC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Semtech earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 45.23073691333 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
SMTC has been the topic of several research reports. BidaskClub lowered Semtech from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. Royal Bank of Canada restated a “hold” rating and issued a $34.00 target price on shares of Semtech in a research note on Thursday, November 30th. Zacks Investment Research upgraded Semtech from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. BWS Financial set a $49.00 target price on Semtech and gave the company a “buy” rating in a research note on Thursday, November 30th. Finally, Piper Jaffray Companies initiated coverage on Semtech in a research note on Monday, December 18th. They issued a “neutral” rating and a $35.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Semtech has a consensus rating of “Buy” and an average price target of $41.90.
Shares of Semtech (SMTC) opened at $32.50 on Tuesday. 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 $31.30 and a one year high of $41.95. The stock has a market capitalization of $2,160.00, a price-to-earnings ratio of 47.79, a P/E/G ratio of 4.40 and a beta of 1.41.
Semtech (NASDAQ:SMTC) last released its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.04. Semtech had a return on equity of 12.13% and a net margin of 7.79%. The company had revenue of $156.60 million for the quarter, compared to analyst estimates of $155.69 million. During the same period in the previous year, the company posted $0.37 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. research analysts anticipate that Semtech will post 1.21 earnings per share for the current year.
In related news, insider Mohan Maheswaran sold 2,500 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $38.98, for a total transaction of $97,450.00. Following the completion of the transaction, the insider now directly owns 210,372 shares in the company, valued at $8,200,300.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director James T. Lindstrom sold 2,534 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $33.81, for a total value of $85,674.54. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $676,200. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,284 shares of company stock valued at $1,888,945. 2.20% of the stock is owned by company insiders.
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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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