Semtech Co. (NASDAQ:SMTC) EVP Asaf Silberstein Sells 1,000 Shares

Semtech Co. (NASDAQ:SMTC) EVP Asaf Silberstein sold 1,000 shares of the company’s stock in a transaction on Friday, January 14th. The shares were sold at an average price of $80.50, for a total transaction of $80,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Asaf Silberstein also recently made the following trade(s):

  • On Wednesday, December 15th, Asaf Silberstein sold 1,000 shares of Semtech stock. The shares were sold at an average price of $88.00, for a total transaction of $88,000.00.

Shares of Semtech stock opened at $80.36 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.01 and a quick ratio of 3.16. The company has a 50-day moving average of $87.24 and a 200 day moving average of $76.62. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 49.30, a PEG ratio of 3.50 and a beta of 1.48. Semtech Co. has a 1 year low of $57.97 and a 1 year high of $94.92.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings results on Wednesday, December 1st. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.02. The company had revenue of $194.93 million during the quarter, compared to analyst estimates of $192.92 million. Semtech had a net margin of 14.90% and a return on equity of 15.97%. During the same period last year, the business earned $0.31 EPS. On average, equities analysts anticipate that Semtech Co. will post 1.87 EPS for the current year.

SMTC has been the subject of several analyst reports. B. Riley increased their price target on shares of Semtech from $97.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, November 29th. Piper Sandler increased their price target on shares of Semtech from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, December 2nd. Wells Fargo & Company reissued a “buy” rating and set a $85.00 price target on shares of Semtech in a research report on Friday, October 15th. Susquehanna Bancshares increased their price target on shares of Semtech from $75.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, December 2nd. Finally, Susquehanna increased their price target on shares of Semtech from $75.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, December 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Semtech currently has an average rating of “Buy” and an average price target of $86.45.

Several institutional investors have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Semtech during the 2nd quarter valued at about $40,000. FORA Capital LLC bought a new stake in Semtech during the 2nd quarter valued at about $120,000. Dark Forest Capital Management LP bought a new stake in Semtech during the 2nd quarter valued at about $142,000. Asset Management One Co. Ltd. bought a new stake in Semtech during the 3rd quarter valued at about $166,000. Finally, CIBC Asset Management Inc bought a new stake in Semtech during the 3rd quarter valued at about $200,000. Institutional investors own 95.88% of the company’s stock.

About Semtech

Semtech Corp. engages in the manufacture and supply of analog and mixed signal semiconductor products for high-end consumer, enterprise computing, communications, and industrial equipment. The firm operates through the following business segments: Protection, Signal Integrity, and Wireless & Sensing.

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

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