Semtech (NASDAQ:SMTC) CEO Mohan Maheswaran sold 2,500 shares of the firm’s stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $42.93, for a total transaction of $107,325.00. Following the sale, the chief executive officer now directly owns 240,819 shares in the company, valued at $10,338,359.67. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

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  • On Thursday, March 15th, Mohan Maheswaran sold 2,500 shares of Semtech stock. The stock was sold at an average price of $39.30, for a total transaction of $98,250.00.
  • On Thursday, March 1st, Mohan Maheswaran sold 7,000 shares of Semtech stock. The stock was sold at an average price of $32.99, for a total transaction of $230,930.00.
  • On Wednesday, February 21st, Mohan Maheswaran sold 22,000 shares of Semtech stock. The stock was sold at an average price of $33.79, for a total transaction of $743,380.00.
  • On Wednesday, February 14th, Mohan Maheswaran sold 22,000 shares of Semtech stock. The stock was sold at an average price of $32.63, for a total transaction of $717,860.00.
  • On Monday, February 5th, Mohan Maheswaran sold 11,000 shares of Semtech stock. The stock was sold at an average price of $35.16, for a total transaction of $386,760.00.
  • On Tuesday, January 16th, Mohan Maheswaran sold 2,500 shares of Semtech stock. The stock was sold at an average price of $38.98, for a total transaction of $97,450.00.

SMTC opened at $43.30 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.09 and a current ratio of 3.65. Semtech has a 1 year low of $31.30 and a 1 year high of $44.85. The company has a market capitalization of $2,877.04, a P/E ratio of 30.93, a P/E/G ratio of 7.52 and a beta of 1.18.

Semtech (NASDAQ:SMTC) last released its earnings results on Wednesday, March 14th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. Semtech had a net margin of 6.20% and a return on equity of 13.34%. The business had revenue of $142.11 million for the quarter, compared to analysts’ expectations of $140.49 million. During the same period last year, the company earned $0.37 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. equities research analysts anticipate that Semtech will post 1.15 EPS for the current year.

SMTC has been the topic of several analyst reports. BidaskClub raised shares of Semtech from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 15th. Piper Jaffray raised shares of Semtech from a “neutral” rating to an “overweight” rating and set a $35.00 target price on the stock in a research report on Wednesday, April 4th. Zacks Investment Research raised shares of Semtech from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. ValuEngine raised shares of Semtech from a “hold” rating to a “buy” rating in a research report on Tuesday, March 20th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $42.00 target price on shares of Semtech in a research report on Thursday, January 18th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $43.44.

Hedge funds have recently made changes to their positions in the business. Legal & General Group Plc lifted its position in Semtech by 4.5% during the third quarter. Legal & General Group Plc now owns 131,375 shares of the semiconductor company’s stock valued at $4,931,000 after buying an additional 5,648 shares in the last quarter. Suntrust Banks Inc. acquired a new position in Semtech during the fourth quarter valued at approximately $237,000. Wells Fargo & Company MN lifted its position in Semtech by 16.9% during the fourth quarter. Wells Fargo & Company MN now owns 582,742 shares of the semiconductor company’s stock valued at $19,930,000 after buying an additional 84,044 shares in the last quarter. Clearbridge LLC lifted its position in Semtech by 10.5% during the fourth quarter. Clearbridge LLC now owns 339,212 shares of the semiconductor company’s stock valued at $11,601,000 after buying an additional 32,240 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Semtech by 0.7% during the fourth quarter. BlackRock Inc. now owns 8,308,393 shares of the semiconductor company’s stock valued at $284,147,000 after buying an additional 56,028 shares in the last quarter. 97.49% of the stock is currently owned by hedge funds and other institutional investors.

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About Semtech

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. The company provides signal integrity products, including a portfolio of optical data communications and video transport products used in various enterprise computing, industrial, communications, and high-end consumer applications; and a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications.

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

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