News stories about Semtech Corporation (NASDAQ:SMTC) have been trending positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Semtech Corporation earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 54 out of 100, meaning that recent media coverage is somewhat likely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Semtech Corp (SMTC) Share Activity Climbing in Session – Stock Press Daily (stockpressdaily.com)
- Semtech Corporation (SMTC) registers a price change of 0.65% while Zillow Group, Inc. (ZG) finishes with a flow of … – Stocks Gallery (stocksgallery.com)
- See what the IHS Markit Score report has to say about Semtech Corp. (finance.yahoo.com)
- Wifx Selects Semtech’s LoRa Technology to Broaden LoRaWAN Deployment in Europe (finance.yahoo.com)
Semtech Corporation (SMTC) traded up 1.19% during trading on Friday, hitting $38.20. 312,986 shares of the company’s stock were exchanged. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 42.54 and a beta of 1.44. Semtech Corporation has a 52-week low of $22.81 and a 52-week high of $41.15. The firm has a 50 day moving average price of $37.63 and a 200 day moving average price of $35.27.
Semtech Corporation (NASDAQ:SMTC) last released its quarterly earnings data on Wednesday, May 31st. The semiconductor company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Semtech Corporation had a net margin of 10.70% and a return on equity of 12.16%. The business had revenue of $149.10 million during the quarter, compared to analyst estimates of $145.60 million. During the same quarter last year, the business earned $0.30 earnings per share. Semtech Corporation’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts predict that Semtech Corporation will post $1.85 earnings per share for the current year.
A number of analysts recently issued reports on the company. Drexel Hamilton lifted their target price on Semtech Corporation from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, June 1st. B. Riley reiterated a “buy” rating and issued a $48.00 price target on shares of Semtech Corporation in a research note on Thursday, June 1st. Robert W. Baird reiterated an “outperform” rating and set a $45.00 price target on shares of Semtech Corporation in a report on Thursday, June 1st. Royal Bank Of Canada restated a “hold” rating and issued a $39.00 price objective on shares of Semtech Corporation in a report on Thursday, July 6th. Finally, Zacks Investment Research cut shares of Semtech Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Semtech Corporation presently has a consensus rating of “Buy” and an average price target of $43.50.
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In other Semtech Corporation news, VP Emeka Chukwu sold 2,000 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $37.02, for a total transaction of $74,040.00. Following the completion of the transaction, the vice president now owns 77,776 shares in the company, valued at $2,879,267.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles B. Ammann sold 2,250 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $34.99, for a total transaction of $78,727.50. Following the completion of the sale, the executive vice president now directly owns 14,905 shares in the company, valued at approximately $521,525.95. The disclosure for this sale can be found here. Insiders have sold 90,088 shares of company stock valued at $3,273,768 in the last quarter. 2.10% of the stock is owned by company insiders.
About Semtech Corporation
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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