Semtech Co. (NASDAQ:SMTC) EVP John Michael Wilson sold 10,000 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $35.78, for a total transaction of $357,800.00. Following the sale, the executive vice president now directly owns 84,066 shares in the company, valued at approximately $3,007,881.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Semtech Co. (NASDAQ SMTC) opened at $36.50 on Wednesday. The firm has a market cap of $2,420.00, a P/E ratio of 53.68, a P/E/G ratio of 5.88 and a beta of 1.41. Semtech Co. has a 1-year low of $31.50 and a 1-year 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 issued its earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.04. The firm had revenue of $156.60 million for the quarter, compared to analysts’ expectations of $155.69 million. Semtech had a net margin of 7.79% and a return on equity of 12.13%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 earnings per share. equities analysts forecast that Semtech Co. will post 1.21 EPS for the current year.
Several analysts have recently issued reports on SMTC shares. Royal Bank of Canada reissued a “hold” rating and set a $34.00 price target on shares of Semtech in a research report on Thursday, November 30th. BidaskClub cut shares of Semtech from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. BWS Financial set a $49.00 price target on shares of Semtech and gave the stock a “buy” rating in a research report on Thursday, November 30th. Zacks Investment Research raised shares of Semtech from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Oppenheimer reissued a “buy” rating and set a $42.00 price target on shares of Semtech in a research report on Thursday, November 30th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $41.90.
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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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