Semtech Co. (NASDAQ:SMTC) EVP John Michael Wilson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $48.00, for a total transaction of $240,000.00. Following the completion of the transaction, the executive vice president now owns 92,074 shares of the company’s stock, valued at approximately $4,419,552. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Semtech stock opened at $48.51 on Friday. The company has a 50 day moving average of $45.05. The company has a quick ratio of 3.71, a current ratio of 4.42 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $3.26 billion, a PE ratio of 36.47, a PEG ratio of 3.56 and a beta of 1.88. Semtech Co. has a 12-month low of $39.54 and a 12-month high of $60.55.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Wednesday, May 29th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.16. The business had revenue of $131.40 million during the quarter, compared to analysts’ expectations of $130.40 million. Semtech had a net margin of 10.18% and a return on equity of 14.05%. The business’s revenue was down 13.5% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. As a group, equities research analysts forecast that Semtech Co. will post 1.15 earnings per share for the current year.

Several research analysts have commented on the stock. Roth Capital cut shares of Fluent from a “buy” rating to a “neutral” rating in a research report on Thursday, March 14th. Cowen assumed coverage on shares of Littelfuse in a research report on Tuesday, May 21st. They issued an “outperform” rating and a $210.00 target price for the company. B. Riley set a $14.00 target price on shares of Tilly’s and gave the stock a “buy” rating in a research report on Thursday, May 30th. Zacks Investment Research cut shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. Finally, Loop Capital upped their target price on shares of Broadcom to $315.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $55.00.

Institutional investors have recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in shares of Semtech in the first quarter valued at approximately $27,000. Cornerstone Advisors Inc. boosted its holdings in shares of Semtech by 3,725.0% in the first quarter. Cornerstone Advisors Inc. now owns 612 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 596 shares in the last quarter. NumerixS Investment Technologies Inc bought a new stake in Semtech during the fourth quarter worth approximately $60,000. Starr International Co. Inc. bought a new stake in Semtech during the first quarter worth approximately $131,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Semtech by 24.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,679 shares of the semiconductor company’s stock worth $169,000 after buying an additional 718 shares in the last quarter. Institutional investors and hedge funds own 96.44% of the company’s stock.

Semtech Company Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. The company provides signal integrity products, including a portfolio of optical data communications and video transport products used in various enterprise computing, industrial, and communications applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.

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