Semtech Corporation (NASDAQ:SMTC) SVP James Jungsup Kim sold 1,500 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $37.71, for a total transaction of $56,565.00. Following the completion of the sale, the senior vice president now directly owns 27,600 shares in the company, valued at approximately $1,040,796. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

James Jungsup Kim also recently made the following trade(s):

  • On Friday, September 1st, James Jungsup Kim sold 1,500 shares of Semtech Corporation stock. The shares were sold at an average price of $37.57, for a total transaction of $56,355.00.
  • On Tuesday, August 1st, James Jungsup Kim sold 1,500 shares of Semtech Corporation stock. The shares were sold at an average price of $39.89, for a total transaction of $59,835.00.

Shares of Semtech Corporation (SMTC) opened at 37.45 on Friday. The firm’s 50-day moving average is $36.61 and its 200-day moving average is $36.06. Semtech Corporation has a 12 month low of $22.81 and a 12 month high of $41.15. The company has a market cap of $2.48 billion, a PE ratio of 39.59 and a beta of 1.45.

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

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A number of analysts have commented on SMTC shares. Robert W. Baird reaffirmed an “outperform” rating and set a $45.00 price target on shares of Semtech Corporation in a research report on Tuesday, June 13th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $39.00 price target on shares of Semtech Corporation in a research report on Thursday, July 6th. BidaskClub cut shares of Semtech Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. B. Riley reaffirmed a “buy” rating and set a $48.00 price target on shares of Semtech Corporation in a research report on Thursday, August 24th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $42.00 price target on shares of Semtech Corporation in a research report on Sunday, August 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $43.50.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of 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 purchasing an additional 8,356,750 shares in the last quarter. FMR LLC boosted its stake in shares of 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 purchasing an additional 1,124,083 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Semtech Corporation by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 6,080,648 shares of the semiconductor company’s stock valued at $217,384,000 after purchasing an additional 75,993 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of 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 purchasing an additional 459,808 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Semtech Corporation by 4.8% during the 2nd quarter. State Street Corp now owns 1,902,288 shares of the semiconductor company’s stock valued at $68,013,000 after purchasing an additional 86,399 shares in the last quarter. 94.42% of the stock is currently owned by hedge funds and other institutional investors.

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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