Semtech Corporation (NASDAQ:SMTC) SVP Asaf Silberstein sold 1,000 shares of the stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $37.65, for a total transaction of $37,650.00. Following the completion of the sale, the senior vice president now owns 33,036 shares of the company’s stock, valued at approximately $1,243,805.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Wednesday, July 12th, Asaf Silberstein sold 2,000 shares of Semtech Corporation stock. The stock was sold at an average price of $37.15, for a total transaction of $74,300.00.
  • On Thursday, July 13th, Asaf Silberstein sold 1,000 shares of Semtech Corporation stock. The stock was sold at an average price of $37.55, for a total transaction of $37,550.00.
  • On Tuesday, July 11th, Asaf Silberstein sold 1,000 shares of Semtech Corporation stock. The stock was sold at an average price of $36.50, for a total transaction of $36,500.00.
  • On Friday, July 7th, Asaf Silberstein sold 1,500 shares of Semtech Corporation stock. The shares were sold at an average price of $35.48, for a total transaction of $53,220.00.

Shares of Semtech Corporation (NASDAQ:SMTC) opened at 38.55 on Wednesday. Semtech Corporation has a 52 week low of $22.81 and a 52 week high of $41.15. The company’s 50-day moving average is $37.31 and its 200 day moving average is $35.10. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 42.93 and a beta of 1.44.

Semtech Corporation (NASDAQ:SMTC) last issued its quarterly earnings results on Wednesday, May 31st. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The business had revenue of $149.10 million for the quarter, compared to the consensus estimate of $145.60 million. Semtech Corporation had a net margin of 10.70% and a return on equity of 12.16%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. Analysts anticipate that Semtech Corporation will post $1.85 EPS for the current fiscal year.

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Several research firms recently weighed in on SMTC. B. Riley reiterated a “buy” rating and issued a $48.00 target price on shares of Semtech Corporation in a report on Thursday, June 1st. Drexel Hamilton lifted their target price on shares of Semtech Corporation from $42.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, June 1st. Robert W. Baird reissued an “outperform” rating and issued a $45.00 price target on shares of Semtech Corporation in a research report on Thursday, June 1st. Royal Bank Of Canada reissued a “hold” rating and issued a $39.00 price target on shares of Semtech Corporation in a research report on Thursday, July 6th. Finally, Zacks Investment Research cut shares of Semtech Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $43.50.

A number of hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its stake in shares of Semtech Corporation by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 7,280 shares of the semiconductor company’s stock valued at $246,000 after buying an additional 180 shares in the last quarter. Palisade Capital Management LLC NJ boosted its stake in shares of Semtech Corporation by 0.4% in the first quarter. Palisade Capital Management LLC NJ now owns 724,237 shares of the semiconductor company’s stock valued at $24,479,000 after buying an additional 2,715 shares in the last quarter. Legato Capital Management LLC boosted its stake in shares of Semtech Corporation by 3,280.0% in the first quarter. Legato Capital Management LLC now owns 64,220 shares of the semiconductor company’s stock valued at $1,900,000 after buying an additional 62,320 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Semtech Corporation by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 26,700 shares of the semiconductor company’s stock valued at $902,000 after buying an additional 300 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of Semtech Corporation by 7.6% in the fourth quarter. Macquarie Group Ltd. now owns 901,776 shares of the semiconductor company’s stock valued at $28,451,000 after buying an additional 63,384 shares in the last quarter. 94.04% of the stock is owned by hedge funds and other institutional investors.

Semtech Corporation Company Profile

Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The Company designs, develops and markets a range of products for commercial applications, which are sold into the enterprise computing, communications, consumer and industrial end-markets. Its product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability.

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

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