Semtech Co. (NASDAQ:SMTC) EVP Charles B. Ammann sold 2,250 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $37.00, for a total transaction of $83,250.00. Following the completion of the sale, the executive vice president now directly owns 14,905 shares of the company’s stock, valued at $551,485. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Semtech Co. (SMTC) opened at $38.80 on Friday. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.32. Semtech Co. has a fifty-two week low of $31.50 and a fifty-two week high of $41.95. The stock has a market cap of $2,574.69, a P/E ratio of 56.23, a price-to-earnings-growth ratio of 6.41 and a beta of 1.41.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.04. Semtech had a net margin of 7.79% and a return on equity of 12.13%. The business had revenue of $156.60 million during the quarter, compared to analyst estimates of $155.69 million. During the same period last year, the firm posted $0.37 EPS. The company’s revenue was up 11.1% on a year-over-year basis. equities research analysts anticipate that Semtech Co. will post 1.21 earnings per share for the current year.

Several research firms recently issued reports on SMTC. BidaskClub raised shares of Semtech from a “sell” rating to a “hold” rating in a report on Thursday. Roth Capital initiated coverage on shares of Semtech in a report on Friday, January 5th. They set a “buy” rating and a $39.00 price objective for the company. Piper Jaffray Companies initiated coverage on shares of Semtech in a report on Monday, December 18th. They set a “neutral” rating and a $35.00 price objective for the company. Needham & Company LLC initiated coverage on shares of Semtech in a report on Monday, December 11th. They set a “buy” rating and a $42.00 price objective for the company. Finally, Zacks Investment Research lowered shares of Semtech from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $41.90.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Semtech by 2.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,364 shares of the semiconductor company’s stock valued at $120,000 after acquiring an additional 65 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Semtech during the 3rd quarter valued at approximately $133,000. Victory Capital Management Inc. boosted its position in shares of Semtech by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,773 shares of the semiconductor company’s stock valued at $171,000 after acquiring an additional 717 shares during the last quarter. Riverhead Capital Management LLC boosted its position in shares of Semtech by 65.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,130 shares of the semiconductor company’s stock valued at $183,000 after acquiring an additional 2,030 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Semtech during the 3rd quarter valued at approximately $204,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

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About Semtech

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 (NASDAQ:SMTC)

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