Semtech Co. (SMTC) Director James T. Lindstrom Sells 2,534 Shares

Semtech Co. (NASDAQ:SMTC) Director James T. Lindstrom sold 2,534 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $33.81, for a total transaction of $85,674.54. Following the completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at $676,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Semtech Co. (SMTC) traded down $0.55 during mid-day trading on Friday, hitting $33.65. 327,400 shares of the stock traded hands, compared to its average volume of 489,913. The firm has a market capitalization of $2,269.46, a price-to-earnings ratio of 29.48, a PEG ratio of 5.65 and a beta of 1.41. Semtech Co. has a twelve month low of $31.00 and a twelve month 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.

Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.50 by $0.04. The business had revenue of $156.60 million for the quarter, compared to analyst estimates of $155.69 million. Semtech had a net margin of 7.79% and a return on equity of 12.13%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 earnings per share. sell-side analysts expect that Semtech Co. will post 1.21 EPS for the current year.

A number of equities research analysts have recently commented on SMTC shares. B. Riley reaffirmed a “buy” rating and issued a $48.00 target price on shares of Semtech in a report on Tuesday, August 29th. Zacks Investment Research lowered shares of Semtech from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Royal Bank of Canada reiterated a “hold” rating and set a $39.00 price target on shares of Semtech in a research note on Tuesday, October 3rd. BWS Financial began coverage on shares of Semtech in a research note on Monday, November 20th. They set a “buy” rating and a $49.00 price target on the stock. Finally, Oppenheimer reiterated a “buy” rating and set a $42.00 price target on shares of Semtech in a research note on Thursday, November 30th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $42.22.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Stephens Investment Management Group LLC lifted its stake in shares of Semtech by 4.5% during the third quarter. Stephens Investment Management Group LLC now owns 1,129,920 shares of the semiconductor company’s stock valued at $42,428,000 after buying an additional 49,111 shares during the period. State Street Corp raised its stake in shares of Semtech by 4.8% in the 2nd quarter. State Street Corp now owns 1,902,288 shares of the semiconductor company’s stock valued at $68,013,000 after acquiring an additional 86,399 shares during the period. California Public Employees Retirement System raised its stake in shares of Semtech by 5.8% in the 2nd quarter. California Public Employees Retirement System now owns 138,700 shares of the semiconductor company’s stock valued at $4,959,000 after acquiring an additional 7,600 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Semtech by 49.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 167,926 shares of the semiconductor company’s stock valued at $6,003,000 after purchasing an additional 55,714 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in Semtech by 10.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 138,606 shares of the semiconductor company’s stock valued at $4,955,000 after purchasing an additional 13,182 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

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About Semtech

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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