Semtech Co. (NASDAQ:SMTC) VP Sells $98,196.00 in Stock

Semtech Co. (NASDAQ:SMTC) VP Alistair Fulton sold 1,200 shares of the company’s stock in a transaction on Thursday, January 13th. The stock was sold at an average price of $81.83, for a total transaction of $98,196.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Alistair Fulton also recently made the following trade(s):

  • On Tuesday, December 21st, Alistair Fulton sold 1,200 shares of Semtech stock. The stock was sold at an average price of $85.00, for a total transaction of $102,000.00.

SMTC stock opened at $80.36 on Friday. Semtech Co. has a 1 year low of $57.97 and a 1 year high of $94.92. The company has a market cap of $5.18 billion, a P/E ratio of 49.30, a PEG ratio of 3.50 and a beta of 1.48. The firm has a 50-day moving average of $87.24 and a 200 day moving average of $76.62. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.01 and a quick ratio of 3.16.

Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Wednesday, December 1st. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.02. Semtech had a net margin of 14.90% and a return on equity of 15.97%. The company had revenue of $194.93 million during the quarter, compared to the consensus estimate of $192.92 million. During the same period in the prior year, the firm earned $0.31 earnings per share. On average, equities research analysts expect that Semtech Co. will post 1.87 earnings per share for the current fiscal year.

SMTC has been the subject of several analyst reports. Zacks Investment Research lowered shares of Semtech from a “buy” rating to a “sell” rating and set a $92.00 price target for the company. in a research report on Tuesday, November 2nd. Piper Sandler upped their price target on shares of Semtech from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, December 2nd. Susquehanna upped their price target on shares of Semtech from $75.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, December 2nd. Susquehanna Bancshares upped their price target on shares of Semtech from $75.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, December 2nd. Finally, Oppenheimer upped their price target on shares of Semtech from $85.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $86.45.

A number of institutional investors and hedge funds have recently made changes to their positions in SMTC. Millennium Management LLC grew its holdings in Semtech by 231.9% in the second quarter. Millennium Management LLC now owns 1,220,949 shares of the semiconductor company’s stock worth $84,001,000 after purchasing an additional 853,082 shares during the period. Capital Research Global Investors grew its holdings in Semtech by 156.3% in the third quarter. Capital Research Global Investors now owns 848,100 shares of the semiconductor company’s stock worth $66,126,000 after purchasing an additional 517,200 shares during the period. Bank of New York Mellon Corp grew its holdings in Semtech by 19.8% in the second quarter. Bank of New York Mellon Corp now owns 3,039,937 shares of the semiconductor company’s stock worth $209,148,000 after purchasing an additional 502,872 shares during the period. Geneva Capital Management LLC purchased a new stake in Semtech in the third quarter worth about $36,329,000. Finally, Lord Abbett & CO. LLC grew its holdings in Semtech by 47.7% in the third quarter. Lord Abbett & CO. LLC now owns 1,272,620 shares of the semiconductor company’s stock worth $99,227,000 after purchasing an additional 411,081 shares during the period. Institutional investors and hedge funds own 95.88% of the company’s stock.

Semtech Company Profile

Semtech Corp. engages in the manufacture and supply of analog and mixed signal semiconductor products for high-end consumer, enterprise computing, communications, and industrial equipment. The firm operates through the following business segments: Protection, Signal Integrity, and Wireless & Sensing.

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Insider Buying and Selling by Quarter for Semtech (NASDAQ:SMTC)

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