Semtech Corporation (NASDAQ:SMTC) VP Marc Pegulu sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $38.21, for a total value of $38,210.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Semtech Corporation (NASDAQ SMTC) traded down 0.66% during trading on Thursday, hitting $37.60. The company had a trading volume of 253,843 shares. The stock has a 50-day moving average of $36.62 and a 200 day moving average of $36.05. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 39.75 and a beta of 1.45. Semtech Corporation has a 12-month low of $22.81 and a 12-month high of $41.15.

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

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SMTC has been the subject of several analyst reports. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $42.00 target price on shares of Semtech Corporation in a research report on Sunday, August 27th. Zacks Investment Research lowered Semtech Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. Royal Bank Of Canada restated a “hold” rating and set a $39.00 target price on shares of Semtech Corporation in a research report on Thursday, July 6th. Drexel Hamilton restated a “buy” rating and set a $45.00 target price on shares of Semtech Corporation in a research report on Thursday, August 31st. Finally, Robert W. Baird restated an “outperform” rating and set a $45.00 target price on shares of Semtech Corporation in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $43.50.

Hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. increased its holdings in Semtech Corporation by 34.1% in the first quarter. Advisors Asset Management Inc. now owns 3,002 shares of the semiconductor company’s stock worth $101,000 after purchasing an additional 764 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Semtech Corporation by 74.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,299 shares of the semiconductor company’s stock worth $112,000 after purchasing an additional 1,405 shares in the last quarter. Strs Ohio increased its holdings in Semtech Corporation by 22.2% in the second quarter. Strs Ohio now owns 3,300 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 600 shares in the last quarter. FNY Partners Fund LP increased its holdings in Semtech Corporation by 515.4% in the first quarter. FNY Partners Fund LP now owns 4,000 shares of the semiconductor company’s stock worth $135,000 after purchasing an additional 3,350 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in Semtech Corporation in the first quarter worth approximately $137,000. Institutional investors and hedge funds own 94.42% of the company’s stock.

Semtech Corporation Company Profile

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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