Semtech Corp. (NASDAQ:SMTC) insider Mohan Maheswaran sold 1,500 shares of the business’s stock in a transaction dated Friday, October 14th. The shares were sold at an average price of $25.14, for a total transaction of $37,710.00. Following the completion of the sale, the insider now directly owns 181,867 shares of the company’s stock, valued at approximately $4,572,136.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Mohan Maheswaran also recently made the following trade(s):

  • On Wednesday, September 14th, Mohan Maheswaran sold 1,500 shares of Semtech Corp. stock. The shares were sold at an average price of $26.40, for a total transaction of $39,600.00.
  • On Monday, August 15th, Mohan Maheswaran sold 1,500 shares of Semtech Corp. stock. The shares were sold at an average price of $26.00, for a total transaction of $39,000.00.

Shares of Semtech Corp. (NASDAQ:SMTC) opened at 24.65 on Tuesday. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 58.55 and a beta of 1.37. Semtech Corp. has a 12-month low of $15.70 and a 12-month high of $28.21. The firm’s 50-day moving average is $26.93 and its 200-day moving average is $24.41.

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

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

Institutional investors have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. purchased a new position in Semtech Corp. during the third quarter worth approximately $297,000. Mason Street Advisors LLC purchased a new position in Semtech Corp. during the second quarter worth approximately $304,000. Personal Capital Advisors Corp raised its position in Semtech Corp. by 15.3% in the second quarter. Personal Capital Advisors Corp now owns 468,832 shares of the company’s stock worth $11,186,000 after buying an additional 62,190 shares during the period. Schwab Charles Investment Management Inc. raised its position in Semtech Corp. by 5.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 216,720 shares of the company’s stock worth $5,171,000 after buying an additional 10,332 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new position in Semtech Corp. during the second quarter worth approximately $444,000. Institutional investors own 95.36% of the company’s stock.

Several equities analysts have recently commented on SMTC shares. B. Riley restated a “buy” rating and issued a $31.50 target price on shares of Semtech Corp. in a research report on Monday, June 20th. Drexel Hamilton restated a “buy” rating and issued a $29.00 target price on shares of Semtech Corp. in a research report on Thursday, June 23rd. MKM Partners restated a “hold” rating on shares of Semtech Corp. in a research report on Thursday, June 23rd. 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, Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Semtech Corp. in a research report on Monday, September 5th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Semtech Corp. has a consensus rating of “Buy” and an average target price of $27.33.

Semtech Corp. Company Profile

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

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