Semtech Co. (SMTC) Insider Sells $743,380.00 in Stock

Semtech Co. (NASDAQ:SMTC) insider Mohan Maheswaran sold 22,000 shares of Semtech stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $33.79, for a total value of $743,380.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Mohan Maheswaran also recently made the following trade(s):

  • On Wednesday, February 14th, Mohan Maheswaran sold 22,000 shares of Semtech stock. The shares were sold at an average price of $32.63, for a total value of $717,860.00.
  • On Monday, February 5th, Mohan Maheswaran sold 11,000 shares of Semtech stock. The shares were sold at an average price of $35.16, for a total value of $386,760.00.
  • On Tuesday, January 16th, Mohan Maheswaran sold 2,500 shares of Semtech stock. The shares were sold at an average price of $38.98, for a total value of $97,450.00.
  • On Friday, December 15th, Mohan Maheswaran sold 2,500 shares of Semtech stock. The shares were sold at an average price of $34.44, for a total value of $86,100.00.

Shares of Semtech Co. (NASDAQ:SMTC) traded down $0.25 during trading hours on Wednesday, hitting $33.55. The stock had a trading volume of 482,635 shares, compared to its average volume of 638,172. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.80 and a quick ratio of 3.20. The firm has a market capitalization of $2,230.00, a price-to-earnings ratio of 49.34, a PEG ratio of 4.41 and a beta of 1.41. Semtech Co. has a 12-month low of $31.30 and a 12-month high of $41.95.

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

Several analysts have commented on SMTC shares. Needham & Company LLC started coverage on Semtech in a report on Monday, December 11th. They issued a “buy” rating and a $42.00 price objective on the stock. Roth Capital started coverage on Semtech in a report on Friday, January 5th. They issued a “buy” rating and a $39.00 price objective on the stock. Oppenheimer reissued a “buy” rating and issued a $42.00 price objective on shares of Semtech in a report on Thursday, November 30th. Drexel Hamilton reissued a “buy” rating and issued a $45.00 price objective on shares of Semtech in a report on Thursday, November 30th. Finally, BWS Financial set a $49.00 price objective on Semtech and gave the company a “buy” rating in a report on Thursday, November 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $41.90.

Several large investors have recently modified their holdings of SMTC. Parametric Portfolio Associates LLC boosted its stake in shares of Semtech by 10.5% in the second quarter. Parametric Portfolio Associates LLC now owns 138,606 shares of the semiconductor company’s stock worth $4,955,000 after acquiring an additional 13,182 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of Semtech by 9.9% in the second quarter. Voya Investment Management LLC now owns 29,685 shares of the semiconductor company’s stock worth $1,061,000 after acquiring an additional 2,680 shares during the last quarter. State Street Corp boosted its stake in shares of Semtech by 4.8% in the second quarter. State Street Corp now owns 1,902,288 shares of the semiconductor company’s stock worth $68,013,000 after acquiring an additional 86,399 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Semtech by 8.6% in the second quarter. Cubist Systematic Strategies LLC now owns 10,901 shares of the semiconductor company’s stock worth $390,000 after acquiring an additional 866 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Semtech by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 49,844 shares of the semiconductor company’s stock worth $1,781,000 after acquiring an additional 186 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

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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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