Semtech Co. (SMTC) Director Sells $172,800.00 in Stock
Semtech Co. (NASDAQ:SMTC) Director Glen M. Antle sold 5,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $34.56, for a total transaction of $172,800.00. Following the sale, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $172,800. The sale was disclosed in a filing with the SEC, which is available at this link.
Semtech Co. (NASDAQ SMTC) traded up $0.20 during trading hours on Friday, reaching $34.40. 932,750 shares of the company’s stock traded hands, compared to its average volume of 705,839. 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 firm has a market cap of $2,269.46, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 5.65 and a beta of 1.41. Semtech Co. has a 12 month low of $31.00 and a 12 month high of $41.95.
Semtech (NASDAQ:SMTC) last issued its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.50 by $0.04. Semtech had a net margin of 7.79% and a return on equity of 12.13%. The firm had revenue of $156.60 million for the quarter, compared to analyst estimates of $155.69 million. During the same period in the prior year, the business posted $0.37 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. sell-side analysts anticipate that Semtech Co. will post 1.21 EPS for the current year.
Hedge funds have recently modified their holdings of the company. Strs Ohio lifted its holdings in shares of Semtech by 22.2% in the 2nd quarter. Strs Ohio now owns 3,300 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 600 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Semtech by 2.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,364 shares of the semiconductor company’s stock worth $120,000 after acquiring an additional 65 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Semtech in the 3rd quarter worth approximately $133,000. Victory Capital Management Inc. lifted its holdings in shares of Semtech by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,773 shares of the semiconductor company’s stock worth $171,000 after acquiring an additional 717 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its holdings in shares of Semtech by 65.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,130 shares of the semiconductor company’s stock worth $183,000 after acquiring an additional 2,030 shares during the last quarter. Hedge funds and other institutional investors own 94.00% of the company’s stock.
Several analysts recently issued reports on the stock. B. Riley reaffirmed a “buy” rating and set a $48.00 price objective on shares of Semtech in a research note on Sunday, September 3rd. BidaskClub cut shares of Semtech from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Needham & Company LLC assumed coverage on shares of Semtech in a research note on Monday, December 11th. They set a “buy” rating and a $42.00 price objective for the company. Oppenheimer reaffirmed a “buy” rating and set a $42.00 price objective on shares of Semtech in a research note on Thursday, November 30th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $45.00 price objective on shares of Semtech in a research note on Thursday, November 30th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. Semtech currently has a consensus rating of “Buy” and a consensus target price of $43.13.
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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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