Semtech Corporation (NASDAQ:SMTC – Get Free Report) CFO Mark Lin sold 683 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $159.90, for a total value of $109,211.70. Following the completion of the sale, the chief financial officer directly owned 35,366 shares of the company’s stock, valued at $5,655,023.40. This trade represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mark Lin also recently made the following trade(s):
- On Wednesday, July 1st, Mark Lin sold 970 shares of Semtech stock. The stock was sold at an average price of $150.41, for a total value of $145,897.70.
Semtech Stock Performance
NASDAQ SMTC opened at $147.05 on Tuesday. The company has a market cap of $13.72 billion, a P/E ratio of 97.38 and a beta of 2.35. The company has a fifty day simple moving average of $134.02 and a 200 day simple moving average of $124.02. The company has a current ratio of 1.70, a quick ratio of 1.31 and a debt-to-equity ratio of 0.47. Semtech Corporation has a 12-month low of $57.50 and a 12-month high of $177.35.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on SMTC shares. Oppenheimer set a $200.00 target price on Semtech in a research note on Wednesday, May 27th. Wall Street Zen raised shares of Semtech from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 29th. New Street Research set a $230.00 target price on shares of Semtech in a research note on Thursday, August 20th. Citigroup lowered shares of Semtech from a “buy” rating to a “market perform” rating in a research note on Tuesday, May 26th. Finally, Zacks Research cut shares of Semtech from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. Fifteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Semtech currently has an average rating of “Moderate Buy” and a consensus price target of $204.71.
View Our Latest Research Report on Semtech
Institutional Investors Weigh In On Semtech
Hedge funds and other institutional investors have recently bought and sold shares of the business. Leonteq Securities AG lifted its stake in shares of Semtech by 11.2% in the 1st quarter. Leonteq Securities AG now owns 1,171 shares of the semiconductor company’s stock valued at $90,000 after purchasing an additional 118 shares during the last quarter. Corient Private Wealth LP grew its position in shares of Semtech by 4.0% during the 2nd quarter. Corient Private Wealth LP now owns 3,147 shares of the semiconductor company’s stock worth $515,000 after buying an additional 122 shares in the last quarter. Stephens Inc. AR increased its stake in shares of Semtech by 3.3% during the fourth quarter. Stephens Inc. AR now owns 4,410 shares of the semiconductor company’s stock valued at $325,000 after buying an additional 142 shares during the period. ABS Investment Management LLC bought a new stake in shares of Semtech in the second quarter valued at about $178,035,000. Finally, FNY Investment Advisers LLC lifted its position in shares of Semtech by 900.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 180 shares during the period.
About Semtech
Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and technology company that designs and supplies analog and mixed-signal products. Its solutions are used to manage, protect, connect and process electronic signals in infrastructure, data centers, industrial systems, automotive applications, consumer devices and communications equipment.
The company’s portfolio includes signal-integrity and connectivity products, power-management and protection devices, wireless and radio-frequency solutions, and specialized semiconductors.
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