Semtech Co. (SMTC) Insider Mohan Maheswaran Sells 22,000 Shares

Semtech Co. (NASDAQ:SMTC) insider Mohan Maheswaran sold 22,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $33.79, for a total transaction of $743,380.00. Following the completion of the sale, the insider now owns 218,872 shares of the company’s stock, valued at $7,395,684.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mohan Maheswaran also recently made the following trade(s):

  • On Wednesday, February 14th, Mohan Maheswaran sold 22,000 shares of Semtech stock. The stock was sold at an average price of $32.63, for a total transaction of $717,860.00.
  • On Monday, February 5th, Mohan Maheswaran sold 11,000 shares of Semtech stock. The stock was sold at an average price of $35.16, for a total transaction of $386,760.00.
  • On Tuesday, January 16th, Mohan Maheswaran sold 2,500 shares of Semtech stock. The stock was sold at an average price of $38.98, for a total transaction of $97,450.00.
  • On Friday, December 15th, Mohan Maheswaran sold 2,500 shares of Semtech stock. The stock was sold at an average price of $34.44, for a total transaction of $86,100.00.

Semtech Co. (NASDAQ:SMTC) traded down $0.25 during trading hours on Thursday, reaching $33.55. 482,600 shares of the company were exchanged, compared to its average volume of 588,527. Semtech Co. has a 52 week low of $31.30 and a 52 week 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. The company has a market cap of $2,242.92, a price-to-earnings ratio of 48.62, a P/E/G ratio of 4.54 and a beta of 1.41.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 EPS for the quarter, beating 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 company had revenue of $156.60 million during the quarter, compared to analyst estimates of $155.69 million. During the same period in the prior year, the business posted $0.37 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. research analysts predict that Semtech Co. will post 1.21 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the stock. B. Riley restated a “buy” rating and issued a $46.00 price objective (down from $48.00) on shares of Semtech in a report on Monday, November 27th. Zacks Investment Research upgraded shares of Semtech from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Oppenheimer restated a “buy” rating and issued a $42.00 price objective on shares of Semtech in a report on Sunday, November 19th. BWS Financial assumed coverage on shares of Semtech in a report on Monday, November 20th. They issued a “buy” rating and a $49.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $42.00 price objective on shares of Semtech in a report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Semtech has a consensus rating of “Buy” and a consensus target price of $41.90.

A number of large investors have recently bought and sold shares of SMTC. Rice Hall James & Associates LLC bought a new stake in Semtech during the 4th quarter valued at $20,515,000. Mesirow Financial Investment Management Equity Management purchased a new position in Semtech during the 4th quarter valued at $14,526,000. Kornitzer Capital Management Inc. KS increased its position in Semtech by 147.0% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 666,940 shares of the semiconductor company’s stock valued at $22,809,000 after purchasing an additional 396,920 shares during the period. Wells Fargo & Company MN increased its position in Semtech by 296.3% during the 3rd quarter. Wells Fargo & Company MN now owns 498,698 shares of the semiconductor company’s stock valued at $18,726,000 after purchasing an additional 372,861 shares during the period. Finally, Frontier Capital Management Co. LLC increased its position in Semtech by 15.8% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,465,395 shares of the semiconductor company’s stock valued at $84,317,000 after purchasing an additional 336,213 shares during the period. Institutional investors own 96.02% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Semtech (NASDAQ:SMTC)

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