Semtech Corp. (NASDAQ:SMTC) Director Rockell N. Hankin sold 6,795 shares of the firm’s stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $27.73, for a total transaction of $188,425.35. Following the completion of the transaction, the director now directly owns 166,735 shares in the company, valued at $4,623,561.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Semtech Corp. (NASDAQ:SMTC) opened at 25.48 on Thursday. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 60.52 and a beta of 1.37. Semtech Corp. has a one year low of $15.70 and a one year high of $28.20. The company’s 50 day moving average is $27.09 and its 200-day moving average is $24.32.

Semtech Corp. (NASDAQ:SMTC) last issued its earnings results on Wednesday, August 31st. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The business had revenue of $135.90 million for the quarter. Semtech Corp. had a net margin of 5.55% and a return on equity of 8.89%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 earnings per share. Equities analysts expect that Semtech Corp. will post $1.34 EPS for the current year.

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

A number of equities analysts have recently weighed in on SMTC shares. B. Riley reissued a “buy” rating and set a $37.00 price target on shares of Semtech Corp. in a research report on Tuesday. Drexel Hamilton reissued a “buy” rating and set a $32.00 price target on shares of Semtech Corp. in a research report on Saturday, October 8th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Semtech Corp. in a research report on Monday, September 5th. Zacks Investment Research cut shares of Semtech Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Finally, MKM Partners reissued a “hold” rating on shares of Semtech Corp. in a research report on Thursday, June 23rd. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $27.33.

A number of hedge funds and other institutional investors have recently modified their holdings of SMTC. BlackRock Institutional Trust Company N.A. raised its position in shares of Semtech Corp. by 2.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,653,672 shares of the company’s stock valued at $36,364,000 after buying an additional 42,426 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Semtech Corp. by 841.3% in the first quarter. UBS Asset Management Americas Inc. now owns 420,048 shares of the company’s stock valued at $9,236,000 after buying an additional 375,422 shares in the last quarter. Pacad Investment Ltd. bought a new position in shares of Semtech Corp. during the first quarter valued at about $378,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Semtech Corp. during the second quarter valued at about $5,778,000. Finally, Ngam Advisors L.P. raised its position in shares of Semtech Corp. by 10.0% in the first quarter. Ngam Advisors L.P. now owns 27,177 shares of the company’s stock valued at $598,000 after buying an additional 2,461 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

About Semtech Corp.

Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The Company’s product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability. It designs, develops and markets a portfolio of optical communications, broadcast video, surveillance video, active cable transceiver and backplane products used in enterprise computing, industrial, communications and consumer applications.

5 Day Chart for NASDAQ:SMTC

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