Semtech Co. (NASDAQ:SMTC) VP Marc Pegulu sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $58.00, for a total transaction of $116,000.00. Following the completion of the transaction, the vice president now directly owns 16,068 shares of the company’s stock, valued at $931,944. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Marc Pegulu also recently made the following trade(s):

  • On Friday, July 6th, Marc Pegulu sold 500 shares of Semtech stock. The shares were sold at an average price of $48.85, for a total transaction of $24,425.00.

NASDAQ SMTC opened at $59.50 on Friday. The company has a quick ratio of 3.62, a current ratio of 4.13 and a debt-to-equity ratio of 0.29. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 42.50, a PEG ratio of 7.54 and a beta of 1.50. Semtech Co. has a 52 week low of $31.30 and a 52 week high of $60.05.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Wednesday, August 29th. The semiconductor company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. The company had revenue of $163.20 million during the quarter, compared to analyst estimates of $161.21 million. Semtech had a net margin of 8.48% and a return on equity of 12.66%. Semtech’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 earnings per share. analysts predict that Semtech Co. will post 1.56 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of SMTC. Rhumbline Advisers boosted its stake in Semtech by 2.1% during the first quarter. Rhumbline Advisers now owns 155,120 shares of the semiconductor company’s stock worth $6,057,000 after buying an additional 3,263 shares during the period. Comerica Bank boosted its stake in Semtech by 2.1% during the first quarter. Comerica Bank now owns 69,727 shares of the semiconductor company’s stock worth $2,984,000 after buying an additional 1,426 shares during the period. American Century Companies Inc. lifted its position in shares of Semtech by 228.4% during the first quarter. American Century Companies Inc. now owns 112,372 shares of the semiconductor company’s stock worth $4,388,000 after purchasing an additional 78,149 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Semtech by 1,106.5% during the first quarter. Victory Capital Management Inc. now owns 62,822 shares of the semiconductor company’s stock worth $2,453,000 after purchasing an additional 57,615 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Semtech by 8.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 392,429 shares of the semiconductor company’s stock worth $15,325,000 after purchasing an additional 31,804 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on SMTC shares. Roth Capital raised their target price on shares of Semtech from $45.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, May 31st. Royal Bank of Canada raised their target price on shares of Semtech to $55.00 and gave the company an “outperform” rating in a report on Monday, August 27th. Piper Jaffray Companies reissued an “overweight” rating and issued a $57.00 target price on shares of Semtech in a report on Monday, August 27th. B. Riley raised their target price on shares of Semtech from $46.00 to $57.00 and gave the company a “buy” rating in a report on Thursday, May 31st. Finally, BidaskClub raised shares of Semtech from a “hold” rating to a “buy” rating in a report on Thursday, May 31st. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Semtech currently has a consensus rating of “Buy” and a consensus price target of $58.30.

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.

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