Semtech Corporation (NASDAQ:SMTC) Director James P. Burra sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $37.65, for a total transaction of $188,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Semtech Corporation (SMTC) opened at 38.30 on Friday. The company has a market cap of $2.54 billion, a PE ratio of 40.49 and a beta of 1.45. The firm’s 50-day moving average is $36.68 and its 200-day moving average is $36.09. Semtech Corporation has a 1-year low of $22.81 and a 1-year high of $41.15.

Semtech Corporation (NASDAQ:SMTC) last released its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $0.48 EPS for the quarter, topping 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 business had revenue of $153.10 million for the quarter, compared to analyst estimates of $154.91 million. During the same quarter in the prior year, the firm posted $0.35 EPS. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, equities analysts forecast that Semtech Corporation will post $1.89 earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Semtech Corporation by 32,758.7% in the 1st quarter. BlackRock Inc. now owns 8,382,260 shares of the semiconductor company’s stock worth $283,320,000 after purchasing an additional 8,356,750 shares in the last quarter. FMR LLC boosted its position in Semtech Corporation by 15.5% in the 2nd quarter. FMR LLC now owns 8,376,134 shares of the semiconductor company’s stock worth $299,446,000 after purchasing an additional 1,124,083 shares in the last quarter. Vanguard Group Inc. boosted its position in Semtech Corporation by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 6,080,648 shares of the semiconductor company’s stock worth $217,384,000 after purchasing an additional 75,993 shares in the last quarter. Frontier Capital Management Co. LLC boosted its position in Semtech Corporation by 21.1% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,634,349 shares of the semiconductor company’s stock worth $94,178,000 after purchasing an additional 459,808 shares in the last quarter. Finally, State Street Corp boosted its position in Semtech Corporation by 4.8% in the 2nd quarter. State Street Corp now owns 1,902,288 shares of the semiconductor company’s stock worth $68,013,000 after purchasing an additional 86,399 shares in the last quarter. Institutional investors and hedge funds own 94.42% of the company’s stock.

A number of research firms recently issued reports on SMTC. B. Riley reissued a “buy” rating and issued a $48.00 price objective on shares of Semtech Corporation in a report on Thursday. Royal Bank Of Canada reissued a “hold” rating and issued a $39.00 price objective on shares of Semtech Corporation in a report on Tuesday, October 3rd. BidaskClub downgraded shares of Semtech Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Robert W. Baird reissued an “outperform” rating and issued a $45.00 price objective on shares of Semtech Corporation in a report on Tuesday, June 13th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $45.00 price objective on shares of Semtech Corporation in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $43.50.

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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