Semtech Co. (NASDAQ:SMTC) insider Mohan Maheswaran sold 25,000 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $52.48, for a total transaction of $1,312,000.00. Following the completion of the sale, the insider now owns 241,714 shares in the company, valued at $12,685,150.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of SMTC opened at $50.41 on Thursday. The company has a market cap of $3.36 billion, a PE ratio of 37.90, a price-to-earnings-growth ratio of 3.44 and a beta of 1.67. Semtech Co. has a twelve month low of $37.60 and a twelve month high of $60.55. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.74 and a quick ratio of 3.25.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings results on Wednesday, March 13th. The semiconductor company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. The company had revenue of $160.00 million during the quarter, compared to analysts’ expectations of $158.48 million. Semtech had a net margin of 10.05% and a return on equity of 13.94%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the business earned $0.42 EPS. As a group, sell-side analysts expect that Semtech Co. will post 1.22 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Ontario Teachers Pension Plan Board bought a new position in shares of Semtech in the fourth quarter valued at $714,000. JPMorgan Chase & Co. grew its stake in shares of Semtech by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 64,824 shares of the semiconductor company’s stock valued at $3,604,000 after buying an additional 9,237 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Semtech by 246.8% in the fourth quarter. SG Americas Securities LLC now owns 99,640 shares of the semiconductor company’s stock valued at $4,570,000 after buying an additional 70,912 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in shares of Semtech by 38.6% in the third quarter. Loomis Sayles & Co. L P now owns 341,680 shares of the semiconductor company’s stock valued at $18,998,000 after buying an additional 95,118 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Semtech in the fourth quarter valued at $826,000. 99.46% of the stock is owned by institutional investors and hedge funds.

SMTC has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Semtech from a “sell” rating to a “hold” rating in a research report on Friday, February 1st. B. Riley cut their price target on shares of Semtech from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th. ValuEngine upgraded shares of Semtech from a “buy” rating to a “strong-buy” rating in a report on Friday, February 22nd. Royal Bank of Canada restated an “outperform” rating and set a $55.00 target price on shares of Semtech in a report on Thursday, November 29th. Finally, BidaskClub upgraded shares of Semtech from a “sell” rating to a “hold” rating in a report on Wednesday, November 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $59.00.

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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.

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