Semtech Corporation (NASDAQ:SMTC) SVP Asaf Silberstein sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $40.25, for a total value of $40,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Asaf Silberstein also recently made the following trade(s):

  • On Friday, October 13th, Asaf Silberstein sold 1,100 shares of Semtech Corporation stock. The shares were sold at an average price of $40.28, for a total value of $44,308.00.
  • On Tuesday, October 10th, Asaf Silberstein sold 1,957 shares of Semtech Corporation stock. The shares were sold at an average price of $39.58, for a total value of $77,458.06.
  • On Friday, October 6th, Asaf Silberstein sold 2,500 shares of Semtech Corporation stock. The shares were sold at an average price of $37.78, for a total value of $94,450.00.

Semtech Corporation (NASDAQ SMTC) traded down 2.35% during trading on Friday, reaching $39.45. The company’s stock had a trading volume of 463,724 shares. Semtech Corporation has a 12-month low of $22.81 and a 12-month high of $41.15. The company has a market capitalization of $2.61 billion, a P/E ratio of 41.70 and a beta of 1.45. The firm’s 50-day moving average price is $37.05 and its 200 day moving average price is $36.26.

Semtech Corporation (NASDAQ:SMTC) last released its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The firm had revenue of $153.10 million during the quarter, compared to analyst estimates of $154.91 million. Semtech Corporation had a return on equity of 11.77% and a net margin of 11.00%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS. On average, analysts predict that Semtech Corporation will post $1.89 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Semtech Corporation by 32,758.7% during the 1st quarter. BlackRock Inc. now owns 8,382,260 shares of the semiconductor company’s stock valued at $283,320,000 after buying an additional 8,356,750 shares in the last quarter. FMR LLC increased its position in Semtech Corporation by 15.5% during the 2nd quarter. FMR LLC now owns 8,376,134 shares of the semiconductor company’s stock valued at $299,446,000 after buying an additional 1,124,083 shares in the last quarter. Frontier Capital Management Co. LLC increased its position in Semtech Corporation by 21.1% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,634,349 shares of the semiconductor company’s stock valued at $94,178,000 after buying an additional 459,808 shares in the last quarter. Fiera Capital Corp acquired a new position in Semtech Corporation during the 2nd quarter valued at about $11,770,000. Finally, Fisher Asset Management LLC increased its position in Semtech Corporation by 409.3% during the 2nd quarter. Fisher Asset Management LLC now owns 407,323 shares of the semiconductor company’s stock valued at $14,562,000 after buying an additional 327,351 shares in the last quarter. 94.42% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the company. Royal Bank Of Canada restated a “hold” rating and set a $39.00 target price on shares of Semtech Corporation in a report on Tuesday, October 3rd. B. Riley restated a “buy” rating and set a $48.00 target price on shares of Semtech Corporation in a report on Sunday, September 3rd. BidaskClub downgraded Semtech Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Drexel Hamilton restated a “buy” rating and set a $45.00 target price on shares of Semtech Corporation in a report on Thursday, August 31st. Finally, Zacks Investment Research downgraded Semtech Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. Semtech Corporation presently has an average rating of “Buy” and an average target price of $43.50.

About Semtech Corporation

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 Corporation (NASDAQ:SMTC)

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