Semtech Co. (NASDAQ:SMTC) EVP John Michael Wilson sold 10,000 shares of the company’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $35.78, for a total value of $357,800.00. Following the completion of the transaction, the executive vice president now owns 84,066 shares of the company’s stock, valued at approximately $3,007,881.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Semtech Co. (NASDAQ SMTC) opened at $38.25 on Wednesday. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2,540.00, a PE ratio of 56.25, a PEG ratio of 6.41 and a beta of 1.41. Semtech Co. has a 1 year low of $31.50 and a 1 year high of $41.95.
Semtech (NASDAQ:SMTC) last announced its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.50 by $0.04. The firm had revenue of $156.60 million for the quarter, compared to analyst estimates of $155.69 million. Semtech had a return on equity of 12.13% and a net margin of 7.79%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 EPS. sell-side analysts anticipate that Semtech Co. will post 1.21 earnings per share for the current fiscal year.
A number of research analysts have recently commented on SMTC shares. Royal Bank of Canada reaffirmed a “hold” rating and set a $39.00 price target on shares of Semtech in a research report on Tuesday, October 3rd. B. Riley reissued a “buy” rating and set a $48.00 price objective on shares of Semtech in a report on Thursday, October 5th. Zacks Investment Research raised Semtech from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. BWS Financial assumed coverage on Semtech in a report on Monday, November 20th. They set a “buy” rating and a $49.00 price objective on the stock. Finally, Oppenheimer reissued a “buy” rating and set a $42.00 price objective on shares of Semtech in a report on Sunday, November 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $41.90.
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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