Semtech Co. (NASDAQ:SMTC) EVP Charles B. Ammann sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $34.33, for a total transaction of $77,242.50. Following the sale, the executive vice president now owns 30,838 shares in the company, valued at approximately $1,058,668.54. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Semtech Co. (NASDAQ:SMTC) traded down $0.80 during trading on Wednesday, hitting $33.65. 469,671 shares of the stock traded hands, compared to its average volume of 567,052. The company has a market capitalization of $2,309.27, a PE ratio of 48.77, a P/E/G ratio of 4.67 and a beta of 1.41. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.20 and a current ratio of 3.80. Semtech Co. has a 52-week low of $31.30 and a 52-week high of $41.95.
Semtech (NASDAQ:SMTC) last released its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.04. The firm had revenue of $156.60 million for the quarter, compared to analysts’ expectations of $155.69 million. Semtech had a net margin of 7.79% and a return on equity of 12.13%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share. sell-side analysts expect that Semtech Co. will post 1.21 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in SMTC. Quantbot Technologies LP bought a new stake in shares of Semtech during the third quarter valued at approximately $133,000. Teacher Retirement System of Texas bought a new stake in shares of Semtech during the third quarter valued at approximately $204,000. Stifel Financial Corp bought a new stake in shares of Semtech during the third quarter valued at approximately $209,000. Xact Kapitalforvaltning AB bought a new stake in shares of Semtech during the fourth quarter valued at approximately $215,000. Finally, Elkfork Partners LLC bought a new stake in shares of Semtech during the fourth quarter valued at approximately $215,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.
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.
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