Semtech (NASDAQ:SMTC) released its quarterly earnings data on Wednesday. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01, RTT News reports. The company had revenue of $142.11 million for the quarter, compared to analysts’ expectations of $140.49 million. Semtech had a net margin of 7.79% and a return on equity of 12.13%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 EPS. Semtech updated its Q1 guidance to $0.45-0.47 EPS.

Semtech (SMTC) traded down $0.05 on Wednesday, hitting $34.90. 1,370,180 shares of the company were exchanged, compared to its average volume of 574,973. The company has a quick ratio of 3.20, a current ratio of 3.80 and a debt-to-equity ratio of 0.32. Semtech has a 12 month low of $31.30 and a 12 month high of $41.95. The firm has a market cap of $2,320.00, a price-to-earnings ratio of 51.32, a PEG ratio of 4.70 and a beta of 1.40.

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In related news, SVP James Jungsup Kim sold 13,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $34.79, for a total value of $452,270.00. Following the sale, the senior vice president now owns 54,612 shares in the company, valued at approximately $1,899,951.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mohan Maheswaran sold 7,000 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $32.99, for a total transaction of $230,930.00. Following the completion of the sale, the insider now owns 223,977 shares in the company, valued at approximately $7,389,001.23. The disclosure for this sale can be found here. Insiders sold a total of 114,034 shares of company stock worth $3,912,067 in the last 90 days. 2.20% of the stock is currently owned by company insiders.

A number of equities analysts have recently issued reports on SMTC shares. BWS Financial set a $49.00 price objective on shares of Semtech and gave the stock a “buy” rating in a research report on Thursday, November 30th. Zacks Investment Research raised shares of Semtech from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. BidaskClub cut shares of Semtech from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Royal Bank of Canada reissued a “hold” rating and set a $34.00 price objective on shares of Semtech in a research report on Thursday, November 30th. Finally, B. Riley reissued a “buy” rating and set a $46.00 price objective (down previously from $48.00) on shares of Semtech in a research report on Monday, November 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Semtech has an average rating of “Buy” and an average target price of $41.89.

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Semtech 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.

Earnings History for Semtech (NASDAQ:SMTC)

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