Somewhat Positive News Coverage Somewhat Unlikely to Affect Semtech Corporation (SMTC) Share Price
Press coverage about Semtech Corporation (NASDAQ:SMTC) has trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Semtech Corporation earned a news impact score of 0.10 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 44.9871640491906 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Semtech Corporation (SMTC) Lowered to “Sell” at Zacks Investment Research (americanbankingnews.com)
- Semtech Corporation (SMTC) VP Sells $32,534.19 in Stock (americanbankingnews.com)
- Semtech Corporation (SMTC) – Investors Roundup – Wall Street Morning (wallstreetmorning.com)
- Today’s Research Report Coverage on Semiconductor Stocks — Semtech, Tower Semiconductor, MaxLinear, and … – Markets Insider (markets.businessinsider.com)
- Semtech LoRa-enabled Sensors Intelligently Monitor Operations of Smart Cities – GlobeNewswire (press release) (globenewswire.com)
A number of equities analysts have recently commented on the company. B. Riley reissued a “buy” rating and set a $44.00 price objective on shares of Semtech Corporation in a research report on Tuesday, May 16th. Robert W. Baird reissued an “outperform” rating and set a $45.00 price objective on shares of Semtech Corporation in a research report on Thursday, June 1st. Zacks Investment Research downgraded Semtech Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. Royal Bank Of Canada reissued a “hold” rating and set a $39.00 price objective on shares of Semtech Corporation in a research report on Thursday, July 6th. Finally, Drexel Hamilton boosted their price objective on Semtech Corporation from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, June 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. Semtech Corporation presently has a consensus rating of “Buy” and an average price target of $43.50.
Shares of Semtech Corporation (SMTC) opened at 35.90 on Monday. The company’s 50-day moving average price is $38.06 and its 200 day moving average price is $35.77. The stock has a market cap of $2.36 billion, a PE ratio of 39.98 and a beta of 1.45. Semtech Corporation has a 1-year low of $22.81 and a 1-year high of $41.15.
Semtech Corporation (NASDAQ:SMTC) last issued its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Semtech Corporation had a return on equity of 11.77% and a net margin of 11.00%. The firm had revenue of $153.10 million during the quarter, compared to analyst estimates of $154.91 million. During the same quarter last year, the firm earned $0.35 EPS. Semtech Corporation’s quarterly revenue was up 12.7% on a year-over-year basis. Equities analysts forecast that Semtech Corporation will post $1.89 EPS for the current fiscal year.
In other Semtech Corporation news, VP Mark C. Costello sold 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $37.48, for a total transaction of $140,550.00. Following the completion of the sale, the vice president now owns 3,750 shares in the company, valued at approximately $140,550. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Emeka Chukwu sold 800 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $35.49, for a total value of $28,392.00. Following the sale, the chief financial officer now owns 76,576 shares of the company’s stock, valued at approximately $2,717,682.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,873 shares of company stock valued at $2,243,657. 2.20% of the stock is owned by insiders.
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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.
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