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.
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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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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