Insider Selling: Semtech Co. (SMTC) CFO Sells $68,640.00 in Stock

Semtech Co. (NASDAQ:SMTC) CFO Emeka Chukwu sold 2,000 shares of the firm’s stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $34.32, for a total transaction of $68,640.00. Following the completion of the sale, the chief financial officer now owns 71,776 shares in the company, valued at approximately $2,463,352.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Emeka Chukwu also recently made the following trade(s):

  • On Friday, December 29th, Emeka Chukwu sold 2,000 shares of Semtech stock. The stock was sold at an average price of $34.32, for a total transaction of $68,640.00.
  • On Wednesday, November 1st, Emeka Chukwu sold 2,000 shares of Semtech stock. The stock was sold at an average price of $40.67, for a total transaction of $81,340.00.

Shares of Semtech Co. (NASDAQ:SMTC) opened at $35.75 on Friday. The company has a quick ratio of 3.20, a current ratio of 3.80 and a debt-to-equity ratio of 0.32. The stock has a market cap of $2,342.45, a price-to-earnings ratio of 51.81, a price-to-earnings-growth ratio of 5.83 and a beta of 1.41. Semtech Co. has a fifty-two week low of $31.00 and a fifty-two week high of $41.95.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC increased its holdings in shares of Semtech by 15.5% in the 2nd quarter. FMR LLC now owns 8,376,134 shares of the semiconductor company’s stock worth $299,446,000 after buying an additional 1,124,083 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Semtech by 296.3% in the 3rd quarter. Wells Fargo & Company MN now owns 498,698 shares of the semiconductor company’s stock worth $18,726,000 after buying an additional 372,861 shares during the last quarter. Fiera Capital Corp bought a new stake in shares of Semtech in the 2nd quarter worth about $11,770,000. Bank of New York Mellon Corp increased its holdings in shares of Semtech by 37.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,130,911 shares of the semiconductor company’s stock worth $42,466,000 after buying an additional 310,698 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in shares of Semtech by 29.7% in the 2nd quarter. Macquarie Group Ltd. now owns 1,352,123 shares of the semiconductor company’s stock worth $48,338,000 after buying an additional 309,928 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

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

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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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