Semtech Co. (NASDAQ:SMTC) Director Ye Jane Li sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $54.97, for a total value of $274,850.00. Following the completion of the transaction, the director now owns 7,328 shares in the company, valued at $402,820.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

NASDAQ SMTC traded up $1.16 on Thursday, hitting $55.58. The company’s stock had a trading volume of 517,112 shares, compared to its average volume of 570,838. Semtech Co. has a 52-week low of $37.60 and a 52-week high of $60.55. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.25 and a current ratio of 3.74. The stock has a market cap of $3.61 billion, a P/E ratio of 41.79, a price-to-earnings-growth ratio of 3.59 and a beta of 1.67.

Semtech (NASDAQ:SMTC) last released its quarterly earnings data on Wednesday, March 13th. The semiconductor company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. Semtech had a return on equity of 13.94% and a net margin of 10.05%. The business had revenue of $160.00 million during the quarter, compared to analysts’ expectations of $158.48 million. During the same quarter last year, the business posted $0.42 EPS. The business’s revenue was up 13.8% on a year-over-year basis. Sell-side analysts predict that Semtech Co. will post 1.22 earnings per share for the current year.

SMTC has been the topic of several recent research reports. BidaskClub upgraded Semtech from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. B. Riley increased their price objective on Semtech from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. ValuEngine upgraded Semtech from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 22nd. Zacks Investment Research upgraded Semtech from a “sell” rating to a “hold” rating in a research report on Friday, February 1st. Finally, Susquehanna Bancshares initiated coverage on Semtech in a research report on Friday, December 7th. They set a “neutral” rating and a $54.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $59.00.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMTC. Oregon Public Employees Retirement Fund purchased a new stake in Semtech in the 4th quarter worth approximately $25,000. Pearl River Capital LLC purchased a new stake in Semtech in the 4th quarter worth approximately $25,000. Cutler Group LP purchased a new position in shares of Semtech in the 4th quarter valued at approximately $27,000. Enlightenment Research LLC purchased a new position in shares of Semtech in the 4th quarter valued at approximately $28,000. Finally, IFP Advisors Inc lifted its stake in shares of Semtech by 44.7% in the 4th quarter. IFP Advisors Inc now owns 1,010 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 312 shares during the period. Institutional investors and hedge funds own 98.13% of the company’s stock.

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Semtech Company Profile

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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