Semtech Co. (NASDAQ:SMTC) EVP Sells $80,500.00 in Stock

Semtech Co. (NASDAQ:SMTC) EVP Asaf Silberstein sold 1,000 shares of the company’s stock in a transaction on Friday, January 14th. The shares were sold at an average price of $80.50, for a total value of $80,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Asaf Silberstein also recently made the following trade(s):

  • On Wednesday, December 15th, Asaf Silberstein sold 1,000 shares of Semtech stock. The shares were sold at an average price of $88.00, for a total value of $88,000.00.

SMTC stock traded up $0.40 during mid-day trading on Friday, reaching $80.36. The company had a trading volume of 417,954 shares, compared to its average volume of 348,125. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.16 and a current ratio of 4.01. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 49.30, a price-to-earnings-growth ratio of 3.50 and a beta of 1.48. The firm has a fifty day simple moving average of $87.24 and a 200 day simple moving average of $76.62. Semtech Co. has a fifty-two week low of $57.97 and a fifty-two week high of $94.92.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings results on Wednesday, December 1st. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. The company had revenue of $194.93 million for the quarter, compared to analyst estimates of $192.92 million. Semtech had a return on equity of 15.97% and a net margin of 14.90%. During the same quarter last year, the company earned $0.31 EPS. As a group, analysts predict that Semtech Co. will post 1.87 earnings per share for the current year.

Several brokerages have issued reports on SMTC. Susquehanna upped their target price on Semtech from $75.00 to $83.00 and gave the company a “neutral” rating in a report on Thursday, December 2nd. Susquehanna Bancshares increased their price target on Semtech from $75.00 to $83.00 and gave the stock a “neutral” rating in a report on Thursday, December 2nd. Zacks Investment Research cut Semtech from a “buy” rating to a “sell” rating and set a $92.00 price target for the company. in a report on Tuesday, November 2nd. B. Riley increased their price target on Semtech from $97.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, November 29th. Finally, Oppenheimer increased their price target on Semtech from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $86.45.

A number of hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in shares of Semtech by 4.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,187,371 shares of the semiconductor company’s stock valued at $248,519,000 after acquiring an additional 147,434 shares during the last quarter. State Street Corp increased its holdings in shares of Semtech by 1.5% in the 2nd quarter. State Street Corp now owns 2,350,374 shares of the semiconductor company’s stock valued at $161,706,000 after acquiring an additional 34,775 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Semtech by 1.3% in the 3rd quarter. Alliancebernstein L.P. now owns 2,036,578 shares of the semiconductor company’s stock valued at $158,792,000 after acquiring an additional 27,126 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Semtech by 12.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,337,355 shares of the semiconductor company’s stock valued at $104,273,000 after acquiring an additional 146,873 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in shares of Semtech by 47.7% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,272,620 shares of the semiconductor company’s stock valued at $99,227,000 after acquiring an additional 411,081 shares during the last quarter. 95.88% of the stock is currently owned by institutional investors.

Semtech Company Profile

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.

Read More: What does EPS mean?

Insider Buying and Selling by Quarter for Semtech (NASDAQ:SMTC)

Receive News & Ratings for Semtech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semtech and related companies with MarketBeat.com's FREE daily email newsletter.