Semtech Co. (SMTC) EVP Sells $1,314,300.00 in Stock
Semtech Co. (NASDAQ:SMTC) EVP James Jungsup Kim sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $43.81, for a total value of $1,314,300.00. Following the sale, the executive vice president now owns 81,854 shares of the company’s stock, valued at $3,586,023.74. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Semtech stock opened at $39.83 on Monday. The company has a quick ratio of 3.25, a current ratio of 3.74 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 29.95, a PEG ratio of 2.87 and a beta of 1.65. Semtech Co. has a 12 month low of $39.54 and a 12 month high of $60.55.
Semtech (NASDAQ:SMTC) last posted its earnings results on Wednesday, May 29th. The semiconductor company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.18 by $0.16. The firm had revenue of $131.40 million during the quarter, compared to the consensus estimate of $130.40 million. Semtech had a return on equity of 14.06% and a net margin of 10.18%. The business’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share. On average, research analysts anticipate that Semtech Co. will post 1.19 EPS for the current year.
Institutional investors have recently bought and sold shares of the business. Cullen Frost Bankers Inc. bought a new position in Semtech in the first quarter valued at about $27,000. Pearl River Capital LLC bought a new position in Semtech in the fourth quarter valued at about $25,000. Cutler Group LP bought a new position in Semtech in the fourth quarter valued at about $27,000. Enlightenment Research LLC bought a new position in Semtech in the fourth quarter valued at about $28,000. Finally, Cornerstone Advisors Inc. raised its position in Semtech by 3,725.0% in the first quarter. Cornerstone Advisors Inc. now owns 612 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 596 shares during the last quarter. Hedge funds and other institutional investors own 96.49% of the company’s stock.
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, and communications applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.
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