Somewhat Positive News Coverage Somewhat Unlikely to Affect Semtech Corporation (SMTC) Share Price
Headlines about Semtech Corporation (NASDAQ:SMTC) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Semtech Corporation earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 45.0996689958129 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s scoring:
- Short Interest in Semtech Corporation (SMTC) Declines By 30.6% (americanbankingnews.com)
- Semtech : Beartooth and Semtechs LoRa Technology Provides Reliable Communication in Cellular Outages (4-traders.com)
- Insider Selling: Semtech Corporation (SMTC) Insider Sells 2,500 Shares of Stock (americanbankingnews.com)
- Semtech : Adveez and Semtech Track In-Motion Assets at Global Airports (4-traders.com)
- Beartooth and Semtech’s LoRa Technology Provides Reliable Communication in Cellular Outages (finance.yahoo.com)
Several research analysts have recently issued reports on the company. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Semtech Corporation in a research note on Sunday, August 27th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $39.00 price objective on shares of Semtech Corporation in a research note on Thursday, July 6th. Drexel Hamilton upped their price objective on Semtech Corporation from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, June 1st. Robert W. Baird reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Semtech Corporation in a research note on Thursday, June 1st. Finally, Zacks Investment Research downgraded Semtech Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $43.50.
Shares of Semtech Corporation (NASDAQ SMTC) opened at 35.75 on Friday. Semtech Corporation has a 12 month low of $22.81 and a 12 month high of $41.15. The stock’s 50 day moving average is $37.44 and its 200 day moving average is $35.80. The firm has a market cap of $2.37 billion, a P/E ratio of 37.79 and a beta of 1.45.
Semtech Corporation (NASDAQ:SMTC) last posted its earnings results on Wednesday, August 30th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $154.91 million. During the same period in the previous year, the firm earned $0.35 earnings per share. The business’s revenue was up 12.7% compared to the same quarter last year. Equities research analysts expect that Semtech Corporation will post $1.89 EPS for the current year.
In related news, SVP Asaf Silberstein sold 1,500 shares of the company’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $35.48, for a total value of $53,220.00. Following the sale, the senior vice president now directly owns 32,036 shares of the company’s stock, valued at $1,136,637.28. 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 company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $35.49, for a total value of $28,392.00. Following the completion of the sale, the chief financial officer now directly owns 76,576 shares in the company, valued at $2,717,682.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,873 shares of company stock worth $2,278,082. 2.10% of the stock is owned by insiders.
COPYRIGHT VIOLATION WARNING: “Somewhat Positive News Coverage Somewhat Unlikely to Affect Semtech Corporation (SMTC) Share Price” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/17/somewhat-positive-news-coverage-somewhat-unlikely-to-affect-semtech-corporation-smtc-share-price-2.html.
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.
Receive News & Stock Ratings for Semtech Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semtech Corporation and related stocks with our FREE daily email newsletter.