Somewhat Positive Press Coverage Somewhat Unlikely to Affect Semtech (SMTC) Stock Price

Press coverage about Semtech (NASDAQ:SMTC) has trended somewhat positive on Sunday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Semtech earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 45.3301854171098 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

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

A number of analysts recently commented on SMTC shares. Piper Jaffray raised Semtech from a “neutral” rating to an “overweight” rating and set a $35.00 target price for the company in a research report on Wednesday, April 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Semtech in a research report on Friday, March 23rd. BidaskClub raised Semtech from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. ValuEngine raised Semtech from a “hold” rating to a “buy” rating in a research report on Tuesday, March 20th. Finally, Royal Bank of Canada boosted their target price on Semtech to $39.00 and gave the company a “market perform” rating in a research report on Thursday, March 15th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $43.44.

SMTC stock opened at $42.75 on Friday. The stock has a market cap of $2,847.10, a price-to-earnings ratio of 30.54, a P/E/G ratio of 7.44 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.65 and a quick ratio of 3.09. Semtech has a 52-week low of $31.30 and a 52-week high of $44.85.

Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Wednesday, March 14th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The business had revenue of $142.11 million during the quarter, compared to the consensus estimate of $140.49 million. Semtech had a return on equity of 13.34% and a net margin of 6.20%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. analysts forecast that Semtech will post 1.15 EPS for the current year.

In other Semtech news, VP Marc Pegulu sold 2,000 shares of Semtech stock in a transaction dated Wednesday, April 11th. The stock was sold at an average price of $43.21, for a total transaction of $86,420.00. Following the completion of the transaction, the vice president now owns 18,953 shares in the company, valued at approximately $818,959.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mohan Maheswaran sold 2,500 shares of Semtech stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $42.93, for a total value of $107,325.00. Following the transaction, the chief executive officer now owns 240,819 shares of the company’s stock, valued at approximately $10,338,359.67. The disclosure for this sale can be found here. Insiders have sold a total of 141,963 shares of company stock valued at $5,197,093 in the last quarter. Company insiders own 2.10% of the company’s stock.

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Semtech Company Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. The company provides signal integrity products, including a portfolio of optical data communications and video transport products used in various enterprise computing, industrial, communications, and high-end consumer applications; and a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications.

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

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