Semtech Co. (NASDAQ:SMTC) Director Ye Jane Li Sells 6,749 Shares of Stock

Semtech Co. (NASDAQ:SMTC) Director Ye Jane Li sold 6,749 shares of the firm’s stock in a transaction that occurred on Tuesday, September 14th. The shares were sold at an average price of $76.35, for a total value of $515,286.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ye Jane Li also recently made the following trade(s):

  • On Friday, September 10th, Ye Jane Li sold 100 shares of Semtech stock. The stock was sold at an average price of $76.00, for a total value of $7,600.00.

Shares of SMTC stock opened at $76.50 on Wednesday. Semtech Co. has a 1-year low of $49.26 and a 1-year high of $83.94. The stock’s fifty day moving average price is $66.28 and its 200 day moving average price is $66.72. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.17 and a quick ratio of 3.28. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 55.44, a price-to-earnings-growth ratio of 3.22 and a beta of 1.65.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings data on Tuesday, August 31st. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The business had revenue of $185.00 million during the quarter, compared to analysts’ expectations of $182.89 million. Semtech had a return on equity of 14.21% and a net margin of 13.44%. The company’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. As a group, equities research analysts anticipate that Semtech Co. will post 1.84 earnings per share for the current year.

SMTC has been the subject of a number of research analyst reports. Oppenheimer raised their price target on Semtech from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 2nd. Susquehanna Bancshares reissued a “hold” rating and set a $71.00 price target on shares of Semtech in a research note on Monday, August 30th. Susquehanna reaffirmed a “hold” rating and set a $71.00 target price on shares of Semtech in a research report on Monday, August 30th. TheStreet raised Semtech from a “c+” rating to a “b-” rating in a research report on Friday, June 25th. Finally, Needham & Company LLC lifted their target price on Semtech from $86.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, September 2nd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $79.55.

Large investors have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Semtech during the 2nd quarter worth approximately $40,000. Ameritas Investment Company LLC purchased a new stake in Semtech during the 1st quarter worth approximately $51,000. IFP Advisors Inc increased its stake in Semtech by 13.9% during the 1st quarter. IFP Advisors Inc now owns 1,558 shares of the semiconductor company’s stock worth $108,000 after buying an additional 190 shares in the last quarter. FORA Capital LLC purchased a new stake in Semtech during the 2nd quarter worth approximately $120,000. Finally, Dark Forest Capital Management LP purchased a new stake in Semtech during the 2nd quarter worth approximately $142,000. Institutional investors own 94.73% 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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