Asaf Silberstein Sells 1,000 Shares of Semtech Corporation (SMTC) Stock

Semtech Corporation (NASDAQ:SMTC) SVP Asaf Silberstein sold 1,000 shares of Semtech Corporation stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $40.72, for a total value of $40,720.00. Following the sale, the senior vice president now owns 28,900 shares in the company, valued at approximately $1,176,808. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, October 13th, Asaf Silberstein sold 1,100 shares of Semtech Corporation stock. The shares were sold at an average price of $40.28, for a total value of $44,308.00.
  • On Thursday, October 12th, Asaf Silberstein sold 1,000 shares of Semtech Corporation stock. The shares were sold at an average price of $40.25, for a total value of $40,250.00.
  • On Tuesday, October 10th, Asaf Silberstein sold 1,957 shares of Semtech Corporation stock. The shares were sold at an average price of $39.58, for a total value of $77,458.06.
  • On Friday, October 6th, Asaf Silberstein sold 2,500 shares of Semtech Corporation stock. The shares were sold at an average price of $37.78, for a total transaction of $94,450.00.

Shares of Semtech Corporation (NASDAQ:SMTC) traded up $0.12 on Friday, reaching $39.22. The company’s stock had a trading volume of 236,700 shares, compared to its average volume of 466,672. Semtech Corporation has a 52 week low of $25.80 and a 52 week high of $41.95. The firm has a market cap of $2,588.37, a P/E ratio of 35.54, a PEG ratio of 6.36 and a beta of 1.48. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.42 and a quick ratio of 2.83.

Semtech Corporation (NASDAQ:SMTC) last announced its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Semtech Corporation had a net margin of 11.00% and a return on equity of 11.77%. The company had revenue of $153.10 million during the quarter, compared to analysts’ expectations of $154.91 million. During the same period in the previous year, the company earned $0.35 EPS. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. research analysts anticipate that Semtech Corporation will post 1.23 earnings per share for the current year.

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SMTC has been the subject of a number of research reports. BidaskClub downgraded shares of Semtech Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. B. Riley reiterated a “buy” rating and set a $48.00 price target on shares of Semtech Corporation in a research report on Thursday, August 24th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $42.00 price target on shares of Semtech Corporation in a research report on Sunday, August 27th. Drexel Hamilton restated a “buy” rating and set a $45.00 price objective on shares of Semtech Corporation in a research report on Thursday, August 31st. Finally, Zacks Investment Research downgraded Semtech Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Semtech Corporation has an average rating of “Buy” and a consensus target price of $43.50.

A number of institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its position in Semtech Corporation by 296.3% in the 3rd quarter. Wells Fargo & Company MN now owns 498,698 shares of the semiconductor company’s stock valued at $18,726,000 after buying an additional 372,861 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Semtech Corporation by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 234,390 shares of the semiconductor company’s stock valued at $8,731,000 after purchasing an additional 20,499 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Semtech Corporation by 4.5% in the 3rd quarter. Legal & General Group Plc now owns 131,375 shares of the semiconductor company’s stock valued at $4,931,000 after purchasing an additional 5,648 shares in the last quarter. FNY Partners Fund LP raised its stake in shares of Semtech Corporation by 34.5% in the 3rd quarter. FNY Partners Fund LP now owns 16,344 shares of the semiconductor company’s stock valued at $613,000 after purchasing an additional 4,194 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its stake in shares of Semtech Corporation by 16.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 146,598 shares of the semiconductor company’s stock valued at $5,600,000 after purchasing an additional 20,463 shares in the last quarter. 93.54% of the stock is owned by hedge funds and other institutional investors.

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.

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

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