Insider Selling: Semtech Co. (SMTC) EVP Sells 10,000 Shares of Stock

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.

A number of large investors have recently modified their holdings of the stock. Sterling Capital Management LLC raised its holdings in Semtech by 85.9% in the third quarter. Sterling Capital Management LLC now owns 75,770 shares of the semiconductor company’s stock valued at $2,845,000 after acquiring an additional 35,005 shares in the last quarter. California Public Employees Retirement System raised its holdings in Semtech by 6.4% in the third quarter. California Public Employees Retirement System now owns 147,572 shares of the semiconductor company’s stock valued at $5,541,000 after acquiring an additional 8,872 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in Semtech by 153.7% in the third quarter. Cubist Systematic Strategies LLC now owns 27,651 shares of the semiconductor company’s stock valued at $1,038,000 after acquiring an additional 16,750 shares in the last quarter. Highbridge Capital Management LLC raised its holdings in Semtech by 732.5% in the third quarter. Highbridge Capital Management LLC now owns 54,397 shares of the semiconductor company’s stock valued at $2,043,000 after acquiring an additional 62,997 shares in the last quarter. Finally, PEAK6 Investments L.P. acquired a new stake in Semtech in the third quarter valued at approximately $375,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

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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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.

Insider Buying and Selling by Quarter for Semtech (NASDAQ:SMTC)

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