Semtech Co. (NASDAQ:SMTC) CFO Emeka Chukwu sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $38.00, for a total transaction of $76,000.00. Following the transaction, the chief financial officer now directly owns 69,776 shares of the company’s stock, valued at approximately $2,651,488. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, December 29th, Emeka Chukwu sold 2,000 shares of Semtech stock. The shares were sold at an average price of $34.32, for a total transaction of $68,640.00.
  • On Saturday, December 29th, Emeka Chukwu sold 2,000 shares of Semtech stock. The shares were sold at an average price of $34.32, for a total transaction of $68,640.00.
  • On Wednesday, November 1st, Emeka Chukwu sold 2,000 shares of Semtech stock. The shares were sold at an average price of $40.67, for a total transaction of $81,340.00.

Shares of Semtech Co. (NASDAQ:SMTC) opened at $38.80 on Monday. Semtech Co. has a fifty-two week low of $31.50 and a fifty-two week high of $41.95. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.80 and a quick ratio of 3.20. The stock has a market cap of $2,574.71, a P/E ratio of 56.23, a P/E/G ratio of 6.41 and a beta of 1.41.

Semtech (NASDAQ:SMTC) last issued its earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.04. Semtech had a net margin of 7.79% and a return on equity of 12.13%. The company had revenue of $156.60 million for the quarter, compared to analysts’ expectations of $155.69 million. During the same quarter last year, the company posted $0.37 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. analysts expect that Semtech Co. will post 1.21 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. FMR LLC raised its position in Semtech by 15.5% in the second quarter. FMR LLC now owns 8,376,134 shares of the semiconductor company’s stock worth $299,446,000 after acquiring an additional 1,124,083 shares during the period. Wells Fargo & Company MN raised its position in Semtech by 296.3% in the third quarter. Wells Fargo & Company MN now owns 498,698 shares of the semiconductor company’s stock worth $18,726,000 after acquiring an additional 372,861 shares during the period. Fiera Capital Corp bought a new position in Semtech in the second quarter worth approximately $11,770,000. Bank of New York Mellon Corp raised its position in Semtech by 37.9% in the third quarter. Bank of New York Mellon Corp now owns 1,130,911 shares of the semiconductor company’s stock worth $42,466,000 after acquiring an additional 310,698 shares during the period. Finally, Macquarie Group Ltd. raised its position in Semtech by 29.7% in the second quarter. Macquarie Group Ltd. now owns 1,352,123 shares of the semiconductor company’s stock worth $48,338,000 after acquiring an additional 309,928 shares during the period. Institutional investors own 93.99% of the company’s stock.

A number of equities research analysts have recently commented on the stock. Needham & Company LLC assumed coverage on shares of Semtech in a report on Monday, December 11th. They set a “buy” rating and a $42.00 price target on the stock. B. Riley reiterated a “buy” rating and set a $46.00 price target (down previously from $48.00) on shares of Semtech in a report on Monday, November 27th. BidaskClub upgraded shares of Semtech from a “sell” rating to a “hold” rating in a report on Thursday. Roth Capital assumed coverage on shares of Semtech in a report on Friday, January 5th. They set a “buy” rating and a $39.00 price target on the stock. Finally, Zacks Investment Research cut shares of Semtech from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. Semtech currently has an average rating of “Buy” and a consensus price target of $41.90.

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Semtech 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 (NASDAQ:SMTC)

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