Semtech Corporation (SMTC) SVP Asaf Silberstein Sells 1,957 Shares of Stock

Semtech Corporation (NASDAQ:SMTC) SVP Asaf Silberstein sold 1,957 shares of the company’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $39.58, for a total transaction of $77,458.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Asaf Silberstein also recently made the following trade(s):

  • On Friday, October 6th, Asaf Silberstein sold 2,500 shares of Semtech Corporation stock. The stock was sold at an average price of $37.78, for a total transaction of $94,450.00.
  • On Friday, July 14th, Asaf Silberstein sold 1,000 shares of Semtech Corporation stock. The stock was sold at an average price of $37.65, for a total transaction of $37,650.00.
  • On Wednesday, July 12th, Asaf Silberstein sold 2,000 shares of Semtech Corporation stock. The stock was sold at an average price of $37.15, for a total transaction of $74,300.00.
  • On Thursday, July 13th, Asaf Silberstein sold 1,000 shares of Semtech Corporation stock. The stock was sold at an average price of $37.55, for a total transaction of $37,550.00.

Semtech Corporation (NASDAQ SMTC) opened at 40.00 on Wednesday. Semtech Corporation has a 12-month low of $22.81 and a 12-month high of $41.15. The stock has a 50 day moving average of $36.88 and a 200-day moving average of $36.20. The company has a market cap of $2.65 billion, a PE ratio of 42.28 and a beta of 1.45.

Semtech Corporation (NASDAQ:SMTC) last issued its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $153.10 million during the quarter, compared to the consensus estimate of $154.91 million. Semtech Corporation had a return on equity of 11.77% and a net margin of 11.00%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS. On average, equities research analysts anticipate that Semtech Corporation will post $1.89 earnings per share for the current fiscal year.

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A number of research analysts have recently commented on the stock. B. Riley reissued a “buy” rating and issued a $48.00 target price on shares of Semtech Corporation in a report on Thursday, October 5th. Zacks Investment Research cut shares of Semtech Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Royal Bank Of Canada reissued a “hold” rating and issued a $39.00 target price on shares of Semtech Corporation in a report on Thursday, July 6th. BidaskClub cut shares of Semtech Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $45.00 target price on shares of Semtech Corporation in a report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. Semtech Corporation currently has a consensus rating of “Buy” and an average price target of $43.50.

A number of large investors have recently added to or reduced their stakes in SMTC. Russell Investments Group Ltd. lifted its position in Semtech Corporation by 113.4% in the 1st quarter. Russell Investments Group Ltd. now owns 36,728 shares of the semiconductor company’s stock worth $1,242,000 after buying an additional 19,521 shares during the last quarter. Wells Fargo & Company MN lifted its position in Semtech Corporation by 79.4% in the 1st quarter. Wells Fargo & Company MN now owns 110,820 shares of the semiconductor company’s stock worth $3,746,000 after buying an additional 49,056 shares during the last quarter. US Bancorp DE lifted its position in Semtech Corporation by 13.4% in the 1st quarter. US Bancorp DE now owns 10,746 shares of the semiconductor company’s stock worth $364,000 after buying an additional 1,270 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Semtech Corporation by 74.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,299 shares of the semiconductor company’s stock worth $112,000 after buying an additional 1,405 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in Semtech Corporation in the 1st quarter worth approximately $474,000. Institutional investors own 94.42% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Semtech Corporation (NASDAQ:SMTC)

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