Semtech Corporation (NASDAQ:SMTC) insider Mohan Maheswaran sold 1,500 shares of Semtech Corporation stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $37.41, for a total value of $56,115.00. Following the sale, the insider now owns 193,811 shares in the company, valued at approximately $7,250,469.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Wednesday, June 14th, Mohan Maheswaran sold 1,500 shares of Semtech Corporation stock. The stock was sold at an average price of $36.45, for a total value of $54,675.00.
  • On Monday, May 15th, Mohan Maheswaran sold 1,500 shares of Semtech Corporation stock. The stock was sold at an average price of $36.27, for a total value of $54,405.00.
  • On Monday, April 17th, Mohan Maheswaran sold 1,500 shares of Semtech Corporation stock. The stock was sold at an average price of $32.00, for a total value of $48,000.00.

Semtech Corporation (SMTC) opened at 38.55 on Wednesday. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 42.93 and a beta of 1.44. The company’s 50 day moving average price is $37.31 and its 200-day moving average price is $35.10. Semtech Corporation has a 12-month low of $22.81 and a 12-month high of $41.15.

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

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A number of analysts have recently commented on SMTC shares. Zacks Investment Research cut Semtech Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Robert W. Baird started coverage on Semtech Corporation in a research report on Tuesday, May 9th. They set an “outperform” rating and a $45.00 target price on the stock. Drexel Hamilton lifted their target price on Semtech Corporation from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, June 1st. Royal Bank Of Canada reiterated a “hold” rating and set a $39.00 target price on shares of Semtech Corporation in a research report on Thursday, July 6th. Finally, B. Riley reiterated a “buy” rating and set a $48.00 target price on shares of Semtech Corporation in a research report on Tuesday, June 6th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $43.50.

A number of large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its stake in 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 raised its stake in 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 raised its stake in 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 raised its stake in 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 period. Finally, Victory Capital Management Inc. acquired a new stake in Semtech Corporation during the first quarter valued at $137,000. Hedge funds and other institutional investors own 94.04% of the company’s stock.

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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