Media headlines about Semtech Corporation (NASDAQ:SMTC) have been trending somewhat positive on Saturday, according to Accern. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Semtech Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 44.3991231075488 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Semtech Corp (SMTC) Share Activity Climbing in Session – Stock Press Daily (stockpressdaily.com)
- Semtech Corporation (SMTC) registers a price change of 0.65% while Zillow Group, Inc. (ZG) finishes with a flow of … – Stocks Gallery (stocksgallery.com)
- See what the IHS Markit Score report has to say about Semtech Corp. (finance.yahoo.com)
- Wifx Selects Semtech’s LoRa Technology to Broaden LoRaWAN Deployment in Europe (finance.yahoo.com)
A number of equities analysts have issued reports on the stock. B. Riley reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Semtech Corporation in a research note on Tuesday, May 16th. Robert W. Baird reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Semtech Corporation in a research note on Thursday, June 1st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $39.00 price objective on shares of Semtech Corporation in a research note on Thursday, July 6th. Zacks Investment Research cut shares of Semtech Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Finally, Drexel Hamilton raised their price objective on shares of Semtech Corporation from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, June 1st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $43.50.
Semtech Corporation (NASDAQ SMTC) traded up 1.19% during midday trading on Friday, reaching $38.20. 312,986 shares of the company’s stock traded hands. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 42.54 and a beta of 1.44. Semtech Corporation has a 1-year low of $22.81 and a 1-year high of $41.15. The stock’s 50 day moving average price is $37.71 and its 200 day moving average price is $35.32.
Semtech Corporation (NASDAQ:SMTC) last posted its quarterly earnings data on Wednesday, May 31st. The semiconductor company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. Semtech Corporation had a net margin of 10.70% and a return on equity of 12.16%. The company had revenue of $149.10 million for the quarter, compared to analyst estimates of $145.60 million. During the same period in the prior year, the firm posted $0.30 EPS. The company’s quarterly revenue was up 13.7% on a year-over-year basis. Equities research analysts anticipate that Semtech Corporation will post $1.85 EPS for the current year.
In other news, insider Gary Beauchamp sold 30,899 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $35.52, for a total value of $1,097,532.48. Following the sale, the insider now directly owns 30,899 shares of the company’s stock, valued at approximately $1,097,532.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Charles B. Ammann sold 2,250 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $39.89, for a total transaction of $89,752.50. Following the completion of the sale, the executive vice president now directly owns 14,905 shares in the company, valued at $594,560.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,088 shares of company stock worth $3,273,768. Insiders own 2.10% of the company’s stock.
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About Semtech Corporation
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.
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