Semtech (NASDAQ:SMTC) EVP Charles B. Ammann sold 2,250 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $38.55, for a total value of $86,737.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of NASDAQ SMTC opened at $40.90 on Friday. The company has a quick ratio of 3.09, a current ratio of 3.65 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2,720.71, a P/E ratio of 31.71, a PEG ratio of 7.11 and a beta of 1.18. Semtech has a 52-week low of $31.30 and a 52-week high of $41.95.
Semtech (NASDAQ:SMTC) last announced its quarterly earnings results on Wednesday, March 14th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The firm had revenue of $142.11 million during the quarter, compared to analyst estimates of $140.49 million. Semtech had a return on equity of 13.34% and a net margin of 6.20%. Semtech’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 earnings per share. analysts anticipate that Semtech will post 1.15 EPS for the current year.
A number of research analysts have recently commented on SMTC shares. BidaskClub raised Semtech from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 15th. Zacks Investment Research raised Semtech from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Piper Jaffray upgraded Semtech from a “neutral” rating to an “overweight” rating and set a $35.00 price target for the company in a report on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $42.00 price target on shares of Semtech in a report on Thursday, January 18th. Finally, Roth Capital assumed coverage on Semtech in a report on Friday, January 5th. They issued a “buy” rating and a $39.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $43.44.
Institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in Semtech during the third quarter worth $133,000. Teacher Retirement System of Texas purchased a new stake in Semtech during the third quarter worth $204,000. Stifel Financial Corp purchased a new stake in Semtech during the third quarter worth $209,000. Dorsey & Whitney Trust CO LLC purchased a new stake in Semtech during the third quarter worth $232,000. Finally, Hanseatic Management Services Inc. lifted its holdings in Semtech by 14,009.1% during the third quarter. Hanseatic Management Services Inc. now owns 6,208 shares of the semiconductor company’s stock worth $233,000 after buying an additional 6,164 shares during the period. Institutional investors own 97.73% of the company’s stock.
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Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. The company provides signal integrity products, including a portfolio of optical data communications and video transport products used in various enterprise computing, industrial, communications, and high-end consumer applications; and a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications.
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