Semtech Co. (NASDAQ:SMTC) Director Ye Jane Li sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $54.97, for a total transaction of $274,850.00. Following the completion of the sale, the director now owns 7,328 shares in the company, valued at approximately $402,820.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of NASDAQ:SMTC opened at $52.94 on Friday. The firm has a market cap of $3.66 billion, a PE ratio of 39.14, a price-to-earnings-growth ratio of 3.64 and a beta of 1.67. The company has a current ratio of 3.74, a quick ratio of 3.25 and a debt-to-equity ratio of 0.28. Semtech Co. has a 52 week low of $37.60 and a 52 week high of $60.55.
Semtech (NASDAQ:SMTC) last issued its quarterly earnings results on Wednesday, March 13th. The semiconductor company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $160.00 million for the quarter, compared to analyst estimates of $158.48 million. Semtech had a net margin of 10.05% and a return on equity of 13.94%. Semtech’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 earnings per share. Equities analysts anticipate that Semtech Co. will post 1.22 earnings per share for the current year.
SMTC has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Semtech from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. Piper Jaffray Companies raised their target price on shares of Semtech from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, November 29th. B. Riley restated a “buy” rating and issued a $61.00 target price (up previously from $58.00) on shares of Semtech in a research report on Thursday, November 29th. Royal Bank of Canada restated an “outperform” rating and issued a $55.00 target price on shares of Semtech in a research report on Thursday, November 29th. Finally, Roth Capital set a $62.00 target price on shares of Semtech and gave the company a “buy” rating in a research report on Thursday, November 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $59.00.
Large investors have recently modified their holdings of the company. Pearl River Capital LLC acquired a new position in shares of Semtech during the fourth quarter worth $25,000. Cutler Group LP acquired a new position in shares of Semtech during the fourth quarter worth $27,000. Enlightenment Research LLC acquired a new position in shares of Semtech during the fourth quarter worth $28,000. IFP Advisors Inc lifted its holdings in shares of Semtech by 44.7% during the fourth quarter. IFP Advisors Inc now owns 1,010 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 312 shares during the period. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of Semtech during the fourth quarter worth $60,000. Institutional investors own 98.13% of the company’s stock.
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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, communications, and high-end consumer applications; and a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications.
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