Emeka Chukwu Sells 2,000 Shares of Semtech Co. (SMTC) Stock

Semtech Co. (NASDAQ:SMTC) CFO Emeka Chukwu sold 2,000 shares of the company’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $38.00, for a total transaction of $76,000.00. Following the sale, the chief financial officer now directly owns 69,776 shares in the company, valued at approximately $2,651,488. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Emeka Chukwu also recently made the following trade(s):

  • On Friday, December 29th, Emeka Chukwu sold 2,000 shares of Semtech stock. The shares were sold at an average price of $34.32, for a total transaction of $68,640.00.
  • On Saturday, December 29th, Emeka Chukwu sold 2,000 shares of Semtech stock. The shares were sold at an average price of $34.32, for a total transaction of $68,640.00.
  • On Wednesday, November 1st, Emeka Chukwu sold 2,000 shares of Semtech stock. The shares were sold at an average price of $40.67, for a total transaction of $81,340.00.

Shares of Semtech Co. (NASDAQ:SMTC) traded up $1.50 on Friday, hitting $38.80. 911,183 shares of the stock traded hands, compared to its average volume of 540,967. Semtech Co. has a 1-year low of $31.50 and a 1-year high of $41.95. The stock has a market capitalization of $2,480.00, a P/E ratio of 57.06, a P/E/G ratio of 5.88 and a beta of 1.41. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.32.

Semtech (NASDAQ:SMTC) last announced 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. Semtech had a net margin of 7.79% and a return on equity of 12.13%. The business had revenue of $156.60 million for the quarter, compared to the consensus estimate of $155.69 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. sell-side analysts forecast that Semtech Co. will post 1.21 EPS for the current year.

SMTC has been the topic of a number of recent research reports. BWS Financial set a $49.00 price target on shares of Semtech and gave the company a “buy” rating in a research note on Thursday, November 30th. B. Riley reaffirmed a “buy” rating and set a $46.00 price target (down previously from $48.00) on shares of Semtech in a research note on Monday, November 27th. Royal Bank of Canada reaffirmed a “hold” rating and set a $34.00 price target on shares of Semtech in a research note on Thursday, November 30th. BidaskClub downgraded shares of Semtech from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Zacks Investment Research downgraded shares of Semtech from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $41.90.

Several institutional investors and hedge funds have recently made changes to their positions in SMTC. FMR LLC raised its stake in shares of Semtech by 15.5% in the second quarter. FMR LLC now owns 8,376,134 shares of the semiconductor company’s stock valued at $299,446,000 after acquiring an additional 1,124,083 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Semtech by 296.3% in the third quarter. Wells Fargo & Company MN now owns 498,698 shares of the semiconductor company’s stock worth $18,726,000 after purchasing an additional 372,861 shares during the last quarter. Fiera Capital Corp bought a new position in shares of Semtech in the second quarter worth about $11,770,000. Bank of New York Mellon Corp grew its holdings in shares of Semtech by 37.9% in the third quarter. Bank of New York Mellon Corp now owns 1,130,911 shares of the semiconductor company’s stock worth $42,466,000 after purchasing an additional 310,698 shares during the last quarter. Finally, Macquarie Group Ltd. grew its holdings in shares of Semtech by 29.7% in the second quarter. Macquarie Group Ltd. now owns 1,352,123 shares of the semiconductor company’s stock worth $48,338,000 after purchasing an additional 309,928 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

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Semtech 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.

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

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