Semtech Corporation (NASDAQ:SMTC) insider Mohan Maheswaran sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, January 13th. The stock was sold at an average price of $32.78, for a total transaction of $49,170.00. Following the completion of the transaction, the insider now owns 177,367 shares in the company, valued at $5,814,090.26. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Mohan Maheswaran also recently made the following trade(s):

  • On Wednesday, December 14th, Mohan Maheswaran sold 1,500 shares of Semtech Corporation stock. The stock was sold at an average price of $32.02, for a total transaction of $48,030.00.
  • On Monday, December 5th, Mohan Maheswaran sold 43,200 shares of Semtech Corporation stock. The stock was sold at an average price of $30.38, for a total transaction of $1,312,416.00.
  • On Monday, November 14th, Mohan Maheswaran sold 1,500 shares of Semtech Corporation stock. The stock was sold at an average price of $26.06, for a total transaction of $39,090.00.

Shares of Semtech Corporation (NASDAQ:SMTC) opened at 32.90 on Friday. The firm has a 50 day moving average of $30.90 and a 200-day moving average of $26.81. Semtech Corporation has a 12 month low of $15.70 and a 12 month high of $33.25. The stock has a market capitalization of $2.16 billion, a P/E ratio of 44.95 and a beta of 1.46.

Semtech Corporation (NASDAQ:SMTC) last issued its quarterly earnings results on Wednesday, November 30th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business earned $137.20 million during the quarter. Semtech Corporation had a net margin of 9.16% and a return on equity of 10.40%. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 earnings per share. Analysts forecast that Semtech Corporation will post $1.36 earnings per share for the current year.

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

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Several large investors have recently modified their holdings of the company. BlackRock Fund Advisors increased its stake in shares of Semtech Corporation by 8.2% in the third quarter. BlackRock Fund Advisors now owns 4,639,337 shares of the company’s stock worth $128,649,000 after buying an additional 351,724 shares during the period. Frontier Capital Management Co. LLC boosted its stake in Semtech Corporation by 36.1% in the second quarter. Frontier Capital Management Co. LLC now owns 2,442,524 shares of the company’s stock valued at $58,279,000 after buying an additional 648,271 shares in the last quarter. Prudential Financial Inc. boosted its stake in Semtech Corporation by 36.5% in the third quarter. Prudential Financial Inc. now owns 394,159 shares of the company’s stock valued at $10,930,000 after buying an additional 105,340 shares in the last quarter. Stephens Investment Management Group LLC boosted its stake in Semtech Corporation by 0.8% in the third quarter. Stephens Investment Management Group LLC now owns 941,264 shares of the company’s stock valued at $26,101,000 after buying an additional 7,295 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Semtech Corporation by 1.8% in the third quarter. Wells Fargo & Company MN now owns 37,089 shares of the company’s stock valued at $1,028,000 after buying an additional 664 shares in the last quarter. Institutional investors and hedge funds own 95.23% of the company’s stock.

Several brokerages have recently commented on SMTC. B. Riley restated a “buy” rating and issued a $37.00 price objective on shares of Semtech Corporation in a report on Monday, January 9th. RBC Capital Markets reaffirmed a “hold” rating and set a $32.00 target price on shares of Semtech Corporation in a research note on Tuesday, January 3rd. TheStreet raised shares of Semtech Corporation from a “hold” rating to a “buy” rating in a research note on Friday, December 2nd. Royal Bank Of Canada upped their target price on shares of Semtech Corporation from $28.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 1st. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $35.00 target price (up from $32.00) on shares of Semtech Corporation in a research note on Thursday, December 1st. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $31.57.

Semtech Corporation Company Profile

Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The Company’s product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability. It designs, develops and markets a portfolio of optical communications, broadcast video, surveillance video, active cable transceiver and backplane products used in enterprise computing, industrial, communications and consumer applications.

5 Day Chart for NASDAQ:SMTC

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