Semtech Co. (NASDAQ:SMTC) Director Rockell N. Hankin sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 10th. The stock was sold at an average price of $50.04, for a total transaction of $500,400.00. Following the sale, the director now directly owns 144,940 shares in the company, valued at $7,252,797.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
NASDAQ:SMTC opened at $52.24 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.53 and a current ratio of 4.03. Semtech Co. has a 52 week low of $31.30 and a 52 week high of $60.55. The firm has a market capitalization of $3.30 billion, a PE ratio of 37.31, a PEG ratio of 2.55 and a beta of 1.78.
Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Wednesday, November 28th. The semiconductor company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. Semtech had a net margin of 7.97% and a return on equity of 14.23%. The company had revenue of $173.60 million for the quarter, compared to analyst estimates of $173.06 million. During the same period in the prior year, the firm posted $0.54 EPS. The company’s quarterly revenue was up 15.5% on a year-over-year basis. Equities research analysts forecast that Semtech Co. will post 1.57 earnings per share for the current year.
A number of equities research analysts have weighed in on the stock. B. Riley reissued a “buy” rating and set a $61.00 target price (up from $58.00) on shares of Semtech in a report on Thursday, November 29th. BidaskClub lowered shares of Semtech from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Zacks Investment Research raised shares of Semtech from a “hold” rating to a “strong-buy” rating and set a $68.00 price objective on the stock in a research note on Tuesday, September 18th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Semtech in a research note on Thursday, November 29th. Finally, Piper Jaffray Companies upped their price objective on shares of Semtech from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, November 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $59.82.
Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. The company provides signal integrity products, including a portfolio of optical data communications and video transport products used in various enterprise computing, industrial, communications, and high-end consumer applications; and a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications.
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