Semtech Co. (NASDAQ:SMTC) SVP James Jungsup Kim sold 1,500 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $36.05, for a total transaction of $54,075.00. Following the completion of the sale, the senior vice president now directly owns 23,100 shares of the company’s stock, valued at approximately $832,755. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Friday, December 29th, James Jungsup Kim sold 1,500 shares of Semtech stock. The shares were sold at an average price of $34.32, for a total transaction of $51,480.00.
  • On Saturday, December 29th, James Jungsup Kim sold 1,500 shares of Semtech stock. The shares were sold at an average price of $34.32, for a total transaction of $51,480.00.

Shares of Semtech Co. (SMTC) opened at $35.60 on Friday. The firm has a market cap of $2,350.00, a price-to-earnings ratio of 52.35, a price-to-earnings-growth ratio of 5.91 and a beta of 1.41. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.32. Semtech Co. has a 12-month low of $31.05 and a 12-month high of $41.95.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.04. The business had revenue of $156.60 million during the quarter, compared to analysts’ expectations of $155.69 million. Semtech had a net margin of 7.79% and a return on equity of 12.13%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 EPS. equities research analysts expect that Semtech Co. will post 1.21 earnings per share for the current fiscal year.

SMTC has been the subject of a number of research reports. BWS Financial set a $49.00 price objective on shares of Semtech and gave the company a “buy” rating in a research note on Thursday, November 30th. B. Riley reaffirmed a “buy” rating and issued a $46.00 price objective (down previously from $48.00) on shares of Semtech in a research note on Monday, November 27th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Semtech in a research note on Thursday, November 30th. BidaskClub cut shares of Semtech from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Zacks Investment Research cut shares of Semtech from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. Semtech currently has a consensus rating of “Buy” and a consensus target price of $41.90.

Institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Semtech by 2.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,364 shares of the semiconductor company’s stock valued at $120,000 after buying an additional 65 shares during the period. Quantbot Technologies LP purchased a new stake in Semtech during the 3rd quarter valued at $133,000. Victory Capital Management Inc. boosted its position in Semtech by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,773 shares of the semiconductor company’s stock valued at $171,000 after buying an additional 717 shares during the period. Riverhead Capital Management LLC boosted its position in Semtech by 65.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,130 shares of the semiconductor company’s stock valued at $183,000 after buying an additional 2,030 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in Semtech during the 3rd quarter valued at $204,000. 93.99% of the stock is owned by institutional investors and hedge funds.

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About Semtech

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 (NASDAQ:SMTC)

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