Semtech Corporation (NASDAQ:SMTC) CFO Emeka Chukwu sold 2,000 shares of Semtech Corporation stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $37.72, for a total value of $75,440.00. Following the sale, the chief financial officer now directly owns 77,776 shares in the company, valued at $2,933,710.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Emeka Chukwu also recently made the following trade(s):

  • On Friday, September 1st, Emeka Chukwu sold 2,000 shares of Semtech Corporation stock. The shares were sold at an average price of $37.56, for a total value of $75,120.00.
  • On Tuesday, August 1st, Emeka Chukwu sold 2,000 shares of Semtech Corporation stock. The shares were sold at an average price of $39.89, for a total value of $79,780.00.
  • On Wednesday, July 5th, Emeka Chukwu sold 1,200 shares of Semtech Corporation stock. The shares were sold at an average price of $35.00, for a total value of $42,000.00.

Semtech Corporation (SMTC) opened at 37.85 on Thursday. The company has a market cap of $2.51 billion, a PE ratio of 40.01 and a beta of 1.45. Semtech Corporation has a 1-year low of $22.81 and a 1-year high of $41.15. The stock has a 50 day moving average of $36.62 and a 200-day moving average of $36.05.

Semtech Corporation (NASDAQ:SMTC) last posted its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The business had revenue of $153.10 million for the quarter, compared to analyst estimates of $154.91 million. Semtech Corporation had a net margin of 11.00% and a return on equity of 11.77%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. On average, equities research analysts predict that Semtech Corporation will post $1.89 earnings per share for the current year.

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A number of equities research analysts have weighed in on the company. B. Riley assumed coverage on Semtech Corporation in a report on Thursday. They set a “buy” rating and a $48.00 price objective on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and set a $39.00 price objective on shares of Semtech Corporation in a report on Tuesday. BidaskClub downgraded Semtech Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Robert W. Baird reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Semtech Corporation in a report on Tuesday, June 13th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $45.00 price objective on shares of Semtech Corporation in a report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. Semtech Corporation presently has a consensus rating of “Buy” and an average target price of $43.50.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its position in shares of Semtech Corporation by 49.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 167,926 shares of the semiconductor company’s stock worth $6,003,000 after acquiring an additional 55,714 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Semtech Corporation during the 2nd quarter worth approximately $508,000. Sterling Capital Management LLC acquired a new stake in shares of Semtech Corporation during the 2nd quarter worth approximately $1,457,000. CS Mckee LP boosted its position in shares of Semtech Corporation by 0.3% during the 2nd quarter. CS Mckee LP now owns 58,500 shares of the semiconductor company’s stock worth $2,091,000 after acquiring an additional 200 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Semtech Corporation by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,844 shares of the semiconductor company’s stock worth $1,781,000 after acquiring an additional 186 shares in the last quarter. Institutional investors and hedge funds own 94.42% of the company’s stock.

About Semtech Corporation

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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