Semtech Corporation (NASDAQ:SMTC) Receives News Sentiment Score of 0.19

News articles about Semtech Corporation (NASDAQ:SMTC) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Semtech Corporation earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 44.3262383367268 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:

• Emeka Chukwu Sells 2,000 Shares of Semtech Corporation (SMTC) Stock (topix.com)
• Semtech Releases LinkCharge™ LP Multi-Device Wireless Charging Solution (finance.yahoo.com)
• Semtech’s ClearEdge™ CDR Platforms Enter Full Production for Low-Cost 25G SFP28 SR Modules and Active Optical Cables (finance.yahoo.com)
• Semtech Corporation (SMTC) SVP James Jungsup Kim Sells 1,500 Shares (americanbankingnews.com)
• Insider Selling: Semtech Corporation (NASDAQ:SMTC) CFO Sells 2,000 Shares of Stock (americanbankingnews.com)

A number of analysts have recently commented on SMTC shares. B. Riley reiterated a “buy” rating and set a $44.00 price target on shares of Semtech Corporation in a research report on Sunday, May 21st. Robert W. Baird reissued an “outperform” rating and set a $45.00 target price on shares of Semtech Corporation in a report on Tuesday, June 13th. Zacks Investment Research raised Semtech Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, May 10th. Drexel Hamilton increased their target price on Semtech Corporation from $42.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, June 1st. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $39.00 target price on shares of Semtech Corporation in a report on Thursday, July 6th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $43.50.

Semtech Corporation (NASDAQ:SMTC) traded up 1.32% on Friday, reaching $38.40. The company had a trading volume of 350,740 shares. The stock’s 50-day moving average price is $37.13 and its 200 day moving average price is $35.03. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 42.76 and a beta of 1.44. Semtech Corporation has a 52-week low of $22.81 and a 52-week high of $41.15.

Semtech Corporation (NASDAQ:SMTC) last posted its quarterly earnings results on Wednesday, May 31st. The semiconductor company reported $0.44 earnings per share for the quarter, topping 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 business had revenue of $149.10 million during the quarter, compared to the consensus estimate of $145.60 million. During the same period in the previous year, the firm posted $0.30 earnings per share. Semtech Corporation’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, equities analysts anticipate that Semtech Corporation will post $1.85 earnings per share for the current fiscal year.

In related news, EVP Charles B. Ammann sold 2,250 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $34.99, for a total transaction of $78,727.50. Following the completion of the transaction, the executive vice president now owns 14,905 shares in the company, valued at $521,525.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mohan Maheswaran sold 1,500 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $36.27, for a total transaction of $54,405.00. Following the completion of the transaction, the insider now directly owns 196,811 shares in the company, valued at $7,138,334.97. The disclosure for this sale can be found here. Insiders sold 90,088 shares of company stock valued at $3,273,768 in the last ninety days. Insiders own 2.10% of the company’s stock.

Semtech Corporation 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.