Semtech Co. (NASDAQ:SMTC) EVP John Michael Wilson Sells 10,000 Shares

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.

Several institutional investors have recently made changes to their positions in SMTC. FMR LLC grew its position in Semtech by 15.5% during the 2nd quarter. FMR LLC now owns 8,376,134 shares of the semiconductor company’s stock worth $299,446,000 after acquiring an additional 1,124,083 shares during the last quarter. Vanguard Group Inc. grew its position in Semtech by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 6,080,648 shares of the semiconductor company’s stock worth $217,384,000 after acquiring an additional 75,993 shares during the last quarter. State Street Corp grew its position in Semtech by 4.8% during the 2nd quarter. State Street Corp now owns 1,902,288 shares of the semiconductor company’s stock worth $68,013,000 after acquiring an additional 86,399 shares during the last quarter. Macquarie Group Ltd. grew its position in Semtech by 29.7% during the 2nd quarter. Macquarie Group Ltd. now owns 1,352,123 shares of the semiconductor company’s stock worth $48,338,000 after acquiring an additional 309,928 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Semtech by 37.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,130,911 shares of the semiconductor company’s stock worth $42,466,000 after acquiring an additional 310,698 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

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.

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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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