Semtech Corp. (NASDAQ:SMTC) insider Mohan Maheswaran sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $26.06, for a total transaction of $39,090.00. Following the completion of the sale, the insider now owns 180,367 shares in the company, valued at approximately $4,700,364.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Friday, October 14th, Mohan Maheswaran sold 1,500 shares of Semtech Corp. stock. The shares were sold at an average price of $25.14, for a total transaction of $37,710.00.
  • 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.

Shares of Semtech Corp. (NASDAQ:SMTC) opened at 26.90 on Thursday. Semtech Corp. has a 52 week low of $15.70 and a 52 week high of $28.20. The firm has a market cap of $1763.75 billion, a price-to-earnings ratio of 62.56 and a beta of 1.39. The firm’s 50 day moving average is $25.75 and its 200-day moving average is $24.81.

Semtech Corp. (NASDAQ:SMTC) last released its quarterly earnings data on Wednesday, August 31st. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. Semtech Corp. had a return on equity of 8.89% and a net margin of 5.55%. The company earned $135.90 million during the quarter. During the same quarter in the previous year, the business posted $0.24 earnings per share. Semtech Corp.’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities research 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)

A number of research analysts recently commented on the stock. B. Riley reiterated a “buy” rating and set a $37.00 price objective on shares of Semtech Corp. in a research note on Tuesday, October 11th. Drexel Hamilton reiterated a “buy” rating and set a $32.00 price objective on shares of Semtech Corp. in a research note on Saturday, October 8th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Semtech Corp. in a research note on Monday, September 5th. Finally, Zacks Investment Research lowered shares of Semtech Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Five research 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 stock. The company currently has a consensus rating of “Buy” and an average price target of $27.33.

A number of large investors have recently added to or reduced their stakes in SMTC. Cornerstone Capital Management Holdings LLC. increased its stake in Semtech Corp. by 152.1% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 23,214 shares of the company’s stock valued at $643,000 after buying an additional 14,004 shares during the last quarter. Credit Suisse AG increased its stake in Semtech Corp. by 44.9% in the third quarter. Credit Suisse AG now owns 124,908 shares of the company’s stock valued at $3,464,000 after buying an additional 38,695 shares during the last quarter. Penn Capital Management Co. Inc. acquired a new stake in Semtech Corp. during the third quarter valued at approximately $7,144,000. Verition Fund Management LLC acquired a new stake in Semtech Corp. during the third quarter valued at approximately $248,000. Finally, Panagora Asset Management Inc. increased its stake in Semtech Corp. by 7,084.7% in the third quarter. Panagora Asset Management Inc. now owns 8,909 shares of the company’s stock valued at $247,000 after buying an additional 8,785 shares during the last quarter. Institutional investors own 96.76% of the company’s stock.

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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