Semtech (NASDAQ:SMTC) updated its fourth quarter 2020
After-Hours earnings guidance on Wednesday. The company provided EPS guidance of 0.33-0.39 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.39. The company issued revenue guidance of $130-140 million, compared to the consensus revenue estimate of $139.24 million.
Several analysts recently issued reports on the stock. Robert W. Baird set a $45.00 price target on shares of Semtech and gave the company a buy rating in a research report on Monday, August 26th. Oppenheimer reissued a buy rating and issued a $52.00 price target on shares of Semtech in a research report on Wednesday, November 27th. Craig Hallum reduced their price target on shares of Semtech from $9.00 to $6.00 in a research report on Monday, September 23rd. ValuEngine raised shares of Semtech from a buy rating to a strong-buy rating in a research report on Friday, November 29th. Finally, Cowen reduced their price target on shares of Semtech from $56.00 to $54.00 and set an outperform rating for the company in a research report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $48.64.
NASDAQ:SMTC traded up $1.05 during trading hours on Wednesday, hitting $46.79. 588,297 shares of the company traded hands, compared to its average volume of 555,726. The company has a quick ratio of 3.42, a current ratio of 4.10 and a debt-to-equity ratio of 0.27. The firm’s 50-day simple moving average is $50.65 and its 200-day simple moving average is $47.57. Semtech has a one year low of $39.54 and a one year high of $57.96. The company has a market cap of $3.11 billion, a PE ratio of 35.18, a PEG ratio of 3.92 and a beta of 1.91.
In other Semtech news, CFO Emeka Chukwu sold 1,100 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $48.64, for a total transaction of $53,504.00. Following the transaction, the chief financial officer now directly owns 101,583 shares in the company, valued at approximately $4,940,997.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sylvia Summers sold 6,487 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $46.31, for a total value of $300,412.97. Following the transaction, the director now owns 20,000 shares in the company, valued at $926,200. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,717 shares of company stock worth $1,262,791. Company insiders own 1.96% of the company’s stock.
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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