Semtech Corporation (NASDAQ:SMTC) SVP Asaf Silberstein sold 1,957 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $39.58, for a total value of $77,458.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Asaf Silberstein also recently made the following trade(s):

  • On Friday, October 6th, Asaf Silberstein sold 2,500 shares of Semtech Corporation stock. The shares were sold at an average price of $37.78, for a total value of $94,450.00.
  • On Friday, July 14th, Asaf Silberstein sold 1,000 shares of Semtech Corporation stock. The shares were sold at an average price of $37.65, for a total value of $37,650.00.
  • On Wednesday, July 12th, Asaf Silberstein sold 2,000 shares of Semtech Corporation stock. The shares were sold at an average price of $37.15, for a total value of $74,300.00.
  • On Thursday, July 13th, Asaf Silberstein sold 1,000 shares of Semtech Corporation stock. The shares were sold at an average price of $37.55, for a total value of $37,550.00.

Semtech Corporation (SMTC) traded up 3.90% on Tuesday, hitting $40.00. The stock had a trading volume of 646,999 shares. The firm has a 50-day moving average of $36.88 and a 200 day moving average of $36.20. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 42.28 and a beta of 1.45. Semtech Corporation has a 52 week low of $22.81 and a 52 week high of $41.15.

Semtech Corporation (NASDAQ:SMTC) last issued 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 company had revenue of $153.10 million during the quarter, compared to analyst estimates of $154.91 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. Semtech Corporation’s revenue was up 12.7% compared to the same quarter last year. On average, analysts predict that Semtech Corporation will post $1.89 earnings per share for the current year.

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Large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its holdings in Semtech Corporation by 113.4% during the first quarter. Russell Investments Group Ltd. now owns 36,728 shares of the semiconductor company’s stock valued at $1,242,000 after purchasing an additional 19,521 shares during the period. Legato Capital Management LLC grew its holdings in Semtech Corporation by 890.2% during the second quarter. Legato Capital Management LLC now owns 18,814 shares of the semiconductor company’s stock valued at $673,000 after purchasing an additional 16,914 shares during the period. Thrivent Financial For Lutherans grew its holdings in Semtech Corporation by 5.0% during the first quarter. Thrivent Financial For Lutherans now owns 37,010 shares of the semiconductor company’s stock valued at $1,251,000 after purchasing an additional 1,760 shares during the period. Sensato Investors LLC bought a new stake in Semtech Corporation during the first quarter valued at about $247,000. Finally, BlackRock Inc. grew its holdings in Semtech Corporation by 32,758.7% during the first quarter. BlackRock Inc. now owns 8,382,260 shares of the semiconductor company’s stock valued at $283,320,000 after purchasing an additional 8,356,750 shares during the period. 94.42% of the stock is owned by institutional investors and hedge funds.

SMTC has been the subject of a number of recent analyst reports. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $42.00 price objective on shares of Semtech Corporation in a research note on Sunday, August 27th. Zacks Investment Research downgraded Semtech Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Royal Bank Of Canada restated 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 restated a “buy” rating and issued a $45.00 price objective on shares of Semtech Corporation in a research note on Thursday, August 31st. Finally, Robert W. Baird restated an “outperform” rating and issued a $45.00 price objective on shares of Semtech Corporation in a research note on Tuesday, June 13th. One equities 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 stock. Semtech Corporation currently has a consensus rating of “Buy” and a consensus 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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