Semtech Corporation (NASDAQ:SMTC) CFO Emeka Chukwu sold 2,000 shares of Semtech Corporation stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $37.72, for a total transaction of $75,440.00. Following the completion of the sale, the chief financial officer now directly owns 77,776 shares in the company, valued at approximately $2,933,710.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Emeka Chukwu also recently made the following trade(s):

  • On Friday, September 1st, Emeka Chukwu sold 2,000 shares of Semtech Corporation stock. The stock was sold at an average price of $37.56, for a total value of $75,120.00.
  • On Tuesday, August 1st, Emeka Chukwu sold 2,000 shares of Semtech Corporation stock. The stock was sold at an average price of $39.89, for a total value of $79,780.00.
  • On Wednesday, July 5th, Emeka Chukwu sold 1,200 shares of Semtech Corporation stock. The shares were sold at an average price of $35.00, for a total value of $42,000.00.

Semtech Corporation (NASDAQ SMTC) opened at 38.30 on Wednesday. The stock has a 50 day moving average price of $36.63 and a 200 day moving average price of $36.04. Semtech Corporation has a 12 month low of $22.81 and a 12 month high of $41.15. The stock has a market capitalization of $2.54 billion, a PE ratio of 40.49 and a beta of 1.45.

Semtech Corporation (NASDAQ:SMTC) last announced its earnings results on Wednesday, August 30th. The semiconductor company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. Semtech Corporation had a net margin of 11.00% and a return on equity of 11.77%. The business had revenue of $153.10 million during the quarter, compared to analysts’ expectations of $154.91 million. During the same period in the prior year, the company earned $0.35 earnings per share. The firm’s revenue was up 12.7% on a year-over-year basis. On average, equities research analysts forecast that Semtech Corporation will post $1.89 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in Semtech Corporation by 113.4% during the first quarter. Russell Investments Group Ltd. now owns 36,728 shares of the semiconductor company’s stock valued at $1,242,000 after purchasing an additional 19,521 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Semtech Corporation by 79.4% during the first quarter. Wells Fargo & Company MN now owns 110,820 shares of the semiconductor company’s stock valued at $3,746,000 after purchasing an additional 49,056 shares during the period. Advisors Asset Management Inc. grew its holdings in Semtech Corporation by 34.1% during the first quarter. Advisors Asset Management Inc. now owns 3,002 shares of the semiconductor company’s stock valued at $101,000 after purchasing an additional 764 shares during the period. US Bancorp DE grew its holdings in Semtech Corporation by 13.4% during the first quarter. US Bancorp DE now owns 10,746 shares of the semiconductor company’s stock valued at $364,000 after purchasing an additional 1,270 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in Semtech Corporation by 12.2% during the first quarter. BNP Paribas Arbitrage SA now owns 13,580 shares of the semiconductor company’s stock valued at $459,000 after purchasing an additional 1,474 shares during the period. Hedge funds and other institutional investors own 94.42% of the company’s stock.

SMTC has been the topic of a number of recent research reports. Drexel Hamilton reaffirmed a “buy” rating and set a $45.00 price target on shares of Semtech Corporation in a research report on Thursday, August 31st. Royal Bank Of Canada reissued a “hold” rating and issued a $39.00 price objective on shares of Semtech Corporation in a report on Tuesday. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $42.00 price objective on shares of Semtech Corporation in a report on Sunday, August 27th. B. Riley restated a “buy” rating and issued a $48.00 price objective on shares of Semtech Corporation in a research note on Thursday, August 24th. Finally, Robert W. Baird restated an “outperform” rating and issued a $45.00 price objective on shares of Semtech Corporation in a research note on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target 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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