Semtech Corporation (NASDAQ:SMTC) SVP Asaf Silberstein sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $36.50, for a total value of $36,500.00. Following the transaction, the senior vice president now directly owns 33,036 shares of the company’s stock, valued at approximately $1,205,814. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Friday, July 14th, Asaf Silberstein sold 1,000 shares of Semtech Corporation stock. The shares were sold at an average price of $37.65, for a total value of $37,650.00.
  • On Wednesday, July 12th, Asaf Silberstein sold 2,000 shares of Semtech Corporation stock. The shares were sold at an average price of $37.15, for a total value 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 value of $37,550.00.
  • On Friday, July 7th, Asaf Silberstein sold 1,500 shares of Semtech Corporation stock. The stock was sold at an average price of $35.48, for a total value of $53,220.00.

Semtech Corporation (SMTC) opened at 38.55 on Wednesday. Semtech Corporation has a 1-year low of $22.81 and a 1-year high of $41.15. The stock has a market capitalization of $2.53 billion, a P/E ratio of 42.93 and a beta of 1.44. The stock has a 50 day moving average price of $37.31 and a 200-day moving average price of $35.10.

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

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A number of analysts have commented on SMTC shares. Zacks Investment Research raised Semtech Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, May 10th. Drexel Hamilton lifted their target price on Semtech Corporation from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, June 1st. Royal Bank Of Canada reissued a “hold” rating and issued a $39.00 target price on shares of Semtech Corporation in a report on Thursday, July 6th. Robert W. Baird initiated coverage on Semtech Corporation in a research note on Tuesday, May 9th. They issued an “outperform” rating and a $45.00 price target on the stock. Finally, B. Riley restated a “buy” rating and issued a $44.00 price target on shares of Semtech Corporation in a research note on Sunday, May 21st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $43.50.

Hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its stake in shares of Semtech Corporation by 34.1% in the first quarter. Advisors Asset Management Inc. now owns 3,002 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 764 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Semtech Corporation by 74.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,299 shares of the semiconductor company’s stock valued at $112,000 after buying an additional 1,405 shares during the period. Strs Ohio increased its stake in shares of Semtech Corporation by 22.2% in the second quarter. Strs Ohio now owns 3,300 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 600 shares during the period. FNY Partners Fund LP increased its position in shares of Semtech Corporation by 515.4% in the first quarter. FNY Partners Fund LP now owns 4,000 shares of the semiconductor company’s stock valued at $135,000 after buying an additional 3,350 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of Semtech Corporation during the first quarter valued at about $137,000. 94.04% of the stock is currently owned by 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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