News headlines about Semtech Corporation (NASDAQ:SMTC) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Semtech Corporation earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 46.8304172338066 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media stories that may have effected Accern’s analysis:

A number of brokerages recently issued reports on SMTC. B. Riley reiterated a “buy” rating and issued a $48.00 target price on shares of Semtech Corporation in a research report on Thursday, August 24th. BidaskClub lowered shares of Semtech Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research lowered shares of Semtech Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. Royal Bank Of Canada reiterated a “hold” rating and issued a $39.00 target price on shares of Semtech Corporation in a research report on Tuesday, October 3rd. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $45.00 target price on shares of Semtech Corporation in a research report on Thursday, August 31st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $43.50.

Shares of Semtech Corporation (NASDAQ SMTC) traded up $1.10 during midday trading on Thursday, reaching $39.00. 388,806 shares of the company’s stock were exchanged, compared to its average volume of 465,571. Semtech Corporation has a 52 week low of $26.70 and a 52 week high of $41.95. The company has a quick ratio of 2.83, a current ratio of 3.42 and a debt-to-equity ratio of 0.34. The firm has a market cap of $2,555.27, a P/E ratio of 35.09, a price-to-earnings-growth ratio of 6.28 and a beta of 1.48.

Semtech Corporation (NASDAQ:SMTC) last issued its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. Semtech Corporation had a net margin of 11.00% and a return on equity of 11.77%. The company had revenue of $153.10 million during the quarter, compared to the consensus estimate of $154.91 million. During the same period in the prior year, the company earned $0.35 EPS. Semtech Corporation’s revenue was up 12.7% on a year-over-year basis. sell-side analysts anticipate that Semtech Corporation will post 1.23 EPS for the current year.

In other Semtech Corporation news, VP Mark C. Costello sold 897 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $36.27, for a total transaction of $32,534.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Asaf Silberstein sold 2,500 shares of the company’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $37.78, for a total transaction of $94,450.00. The disclosure for this sale can be found here. Insiders sold a total of 65,870 shares of company stock valued at $2,542,046 over the last three months. 2.10% of the stock is owned by corporate 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.

Insider Buying and Selling by Quarter for Semtech Corporation (NASDAQ:SMTC)

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