Somewhat Positive News Coverage Somewhat Unlikely to Impact Semtech (NASDAQ:SMTC) Stock Price

News coverage about Semtech (NASDAQ:SMTC) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Semtech earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 45.5846443908283 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

Several brokerages have recently weighed in on SMTC. BidaskClub upgraded Semtech from a “sell” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada restated a “hold” rating and set a $39.00 price objective on shares of Semtech in a report on Tuesday, October 3rd. Zacks Investment Research upgraded Semtech from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. BWS Financial started coverage on Semtech in a report on Monday, November 20th. They issued a “buy” rating and a $49.00 price target on the stock. Finally, Oppenheimer reiterated a “buy” rating and issued a $42.00 price target on shares of Semtech in a report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $41.90.

Semtech (NASDAQ:SMTC) traded up $0.05 during midday trading on Thursday, hitting $36.55. The company’s stock had a trading volume of 718,300 shares, compared to its average volume of 475,986. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.80 and a quick ratio of 3.20. Semtech has a twelve month low of $31.50 and a twelve month high of $41.95. The stock has a market cap of $2,430.00, a price-to-earnings ratio of 53.75, a P/E/G ratio of 5.88 and a beta of 1.41.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.04. Semtech had a return on equity of 12.13% and a net margin of 7.79%. The firm had revenue of $156.60 million during the quarter, compared to analyst estimates of $155.69 million. During the same quarter in the previous year, the business earned $0.37 EPS. Semtech’s revenue for the quarter was up 11.1% compared to the same quarter last year. sell-side analysts expect that Semtech will post 1.21 earnings per share for the current year.

In related news, EVP Gary Beauchamp sold 21,666 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $39.84, for a total value of $863,173.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James T. Lindstrom sold 2,534 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $33.81, for a total value of $85,674.54. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at $676,200. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,050 shares of company stock valued at $2,466,608. 2.20% of the stock is owned by company insiders.

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About Semtech

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 (NASDAQ:SMTC)

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