Semtech Corporation (SMTC) SVP Sells $40,720.00 in Stock

Semtech Corporation (NASDAQ:SMTC) SVP Asaf Silberstein sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $40.72, for a total transaction of $40,720.00. Following the transaction, the senior vice president now owns 28,900 shares in the company, valued at $1,176,808. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Asaf Silberstein also recently made the following trade(s):

  • On Friday, October 13th, Asaf Silberstein sold 1,100 shares of Semtech Corporation stock. The stock was sold at an average price of $40.28, for a total transaction of $44,308.00.
  • On Thursday, October 12th, Asaf Silberstein sold 1,000 shares of Semtech Corporation stock. The stock was sold at an average price of $40.25, for a total transaction of $40,250.00.
  • On Tuesday, October 10th, Asaf Silberstein sold 1,957 shares of Semtech Corporation stock. The stock was sold at an average price of $39.58, for a total transaction of $77,458.06.
  • On Friday, October 6th, Asaf Silberstein sold 2,500 shares of Semtech Corporation stock. The shares were sold at an average price of $37.78, for a total transaction of $94,450.00.

Shares of Semtech Corporation (SMTC) traded down $1.35 on Friday, hitting $38.25. 1,022,405 shares of the company traded hands, compared to its average volume of 385,810. The company has a quick ratio of 2.83, a current ratio of 3.42 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $2,532.11, a P/E ratio of 34.77, a price-to-earnings-growth ratio of 6.22 and a beta of 1.48. Semtech Corporation has a fifty-two week low of $24.25 and a fifty-two week high of $41.95.

Semtech Corporation (NASDAQ:SMTC) last announced its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The business had revenue of $153.10 million for the quarter, compared to the consensus estimate of $154.91 million. Semtech Corporation had a net margin of 11.00% and a return on equity of 11.77%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 earnings per share. equities research analysts expect that Semtech Corporation will post 1.23 earnings per share for the current fiscal year.

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Several research firms have recently commented on SMTC. Zacks Investment Research upgraded shares of Semtech Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Drexel Hamilton reiterated a “buy” rating and issued a $45.00 price target on shares of Semtech Corporation in a research report on Thursday, August 31st. Royal Bank Of Canada reiterated a “hold” rating and issued a $39.00 price target on shares of Semtech Corporation in a research report on Tuesday, October 3rd. B. Riley reiterated a “buy” rating and issued a $48.00 price target on shares of Semtech Corporation in a research report on Thursday, October 5th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $42.00 price target on shares of Semtech Corporation in a research report on Sunday, August 27th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Semtech Corporation has a consensus rating of “Buy” and a consensus price target of $43.50.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Legato Capital Management LLC lifted its stake in shares of Semtech Corporation by 890.2% during the second quarter. Legato Capital Management LLC now owns 18,814 shares of the semiconductor company’s stock valued at $673,000 after buying an additional 16,914 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of Semtech Corporation by 5.0% during the first quarter. Thrivent Financial For Lutherans now owns 37,010 shares of the semiconductor company’s stock valued at $1,251,000 after buying an additional 1,760 shares during the period. BlackRock Inc. lifted its stake in shares of Semtech Corporation by 32,758.7% during the first quarter. BlackRock Inc. now owns 8,382,260 shares of the semiconductor company’s stock valued at $283,320,000 after buying an additional 8,356,750 shares during the period. California Public Employees Retirement System lifted its stake in shares of Semtech Corporation by 5.8% during the second quarter. California Public Employees Retirement System now owns 138,700 shares of the semiconductor company’s stock valued at $4,959,000 after buying an additional 7,600 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Semtech Corporation by 5.6% during the first quarter. Vanguard Group Inc. now owns 6,004,655 shares of the semiconductor company’s stock valued at $202,958,000 after buying an additional 320,207 shares during the period. 94.37% of the stock is currently owned by institutional investors and hedge funds.

Semtech Corporation 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.

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