Media headlines about Semtech (NASDAQ:SMTC) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Semtech earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 45.5097021159142 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Semtech Co. (SMTC) EVP Sells $288,190.00 in Stock (americanbankingnews.com)
- Semtech Co. (SMTC) SVP Sharon K. Faltemier Sells 7,408 Shares (americanbankingnews.com)
- Semtech Announces Technology Sponsorship of Startups Ventura County – Nasdaq (nasdaq.com)
- Market Trends Toward New Normal in Westlake Chemical Partners LP, Willdan Group, Tredegar, National HealthCare, QuinStreet, and Semtech — Emerging Consolidated Expectations, Analyst Ratings (finance.yahoo.com)
Shares of Semtech (NASDAQ:SMTC) opened at $40.75 on Friday. The company has a quick ratio of 3.09, a current ratio of 3.65 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $2,747.24, a PE ratio of 74.09, a P/E/G ratio of 7.20 and a beta of 1.41. Semtech has a fifty-two week low of $31.30 and a fifty-two week high of $41.95.
SMTC has been the subject of a number of recent analyst reports. BWS Financial set a $49.00 price objective on Semtech and gave the company a “buy” rating in a research report on Thursday, November 30th. BidaskClub upgraded Semtech from a “strong sell” rating to a “sell” rating in a report on Thursday, March 15th. Zacks Investment Research upgraded Semtech from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $42.00 target price on shares of Semtech in a research report on Thursday, January 18th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $34.00 target price on shares of Semtech in a research report on Thursday, November 30th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $43.11.
In other news, SVP Sharon K. Faltemier sold 7,408 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $41.49, for a total transaction of $307,357.92. Following the completion of the transaction, the senior vice president now directly owns 13,386 shares of the company’s stock, valued at $555,385.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James Jungsup Kim sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $34.32, for a total value of $51,480.00. Following the transaction, the senior vice president now directly owns 24,600 shares of the company’s stock, valued at $844,272. The disclosure for this sale can be found here. Insiders have sold 149,813 shares of company stock valued at $5,383,608 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.
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.
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