Insider Buying: SMTC Co. (NASDAQ:SMTX) CEO Buys 20,000 Shares of Stock

SMTC Co. (NASDAQ:SMTX) CEO Edward J. Smith acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were acquired at an average price of $3.37 per share, with a total value of $67,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of SMTX stock traded up $0.05 on Friday, hitting $3.30. The stock had a trading volume of 78,891 shares, compared to its average volume of 143,097. The firm has a market capitalization of $97.79 million, a price-to-earnings ratio of 55.00 and a beta of 0.64. The stock’s 50 day moving average is $3.81 and its 200-day moving average is $3.90. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.87 and a current ratio of 1.47. SMTC Co. has a 52-week low of $2.52 and a 52-week high of $5.98.

SMTC (NASDAQ:SMTX) last announced its earnings results on Thursday, August 8th. The technology company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.06. The business had revenue of $90.94 million during the quarter, compared to the consensus estimate of $98.75 million. SMTC had a negative net margin of 0.49% and a positive return on equity of 4.82%. Equities analysts expect that SMTC Co. will post 0.06 earnings per share for the current year.



Several equities research analysts have issued reports on SMTX shares. Zacks Investment Research upgraded shares of SMTC from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. ValuEngine downgraded shares of SMTC from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, TheStreet upgraded shares of SMTC from a “d+” rating to a “c-” rating in a research note on Monday, July 15th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $7.50.

Several hedge funds have recently made changes to their positions in the company. Ridgewood Investments LLC raised its holdings in SMTC by 39.1% in the second quarter. Ridgewood Investments LLC now owns 20,307 shares of the technology company’s stock valued at $78,000 after acquiring an additional 5,707 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new stake in shares of SMTC during the second quarter worth $86,000. Sigma Planning Corp acquired a new stake in shares of SMTC during the first quarter worth $91,000. Dimensional Fund Advisors LP raised its holdings in shares of SMTC by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 143,531 shares of the technology company’s stock worth $586,000 after purchasing an additional 3,979 shares during the period. Finally, Essex Investment Management Co. LLC raised its holdings in shares of SMTC by 72.7% during the second quarter. Essex Investment Management Co. LLC now owns 276,532 shares of the technology company’s stock worth $1,067,000 after purchasing an additional 116,371 shares during the period. Institutional investors and hedge funds own 12.98% of the company’s stock.

SMTC Company Profile

SMTC Corporation provides electronics manufacturing services worldwide. The company offers end-to-end electronics manufacturing services, including product design and engineering; printed circuit board assembly; production, enclosure, cable assembly, and precision metal fabrication; systems integration and testing; and configuration to order, build to order, and direct order fulfillment services.

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