Semtech Co. (NASDAQ:SMTC) VP Alisair Fulton sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $49.38, for a total transaction of $74,070.00. Following the transaction, the vice president now directly owns 382 shares in the company, valued at approximately $18,863.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of NASDAQ:SMTC traded up $1.14 during trading on Friday, reaching $49.65. The stock had a trading volume of 363,776 shares, compared to its average volume of 642,470. Semtech Co. has a 52 week low of $39.54 and a 52 week high of $60.55. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 37.33, a price-to-earnings-growth ratio of 3.54 and a beta of 1.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.42 and a quick ratio of 3.71. The firm’s fifty day moving average is $45.05.

Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Wednesday, May 29th. The semiconductor company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.16. Semtech had a net margin of 10.18% and a return on equity of 14.05%. The company had revenue of $131.40 million for the quarter, compared to analyst estimates of $130.40 million. During the same quarter last year, the firm posted $0.47 earnings per share. The company’s quarterly revenue was down 13.5% compared to the same quarter last year. On average, equities analysts expect that Semtech Co. will post 1.15 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on the stock. Cowen assumed coverage on shares of Littelfuse in a research report on Tuesday, May 21st. They set an “outperform” rating and a $210.00 price objective on the stock. ValuEngine raised shares of Zogenix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. Zacks Investment Research lowered shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. BidaskClub lowered shares of Waterstone Financial from a “hold” rating to a “sell” rating in a research report on Friday, June 21st. Finally, Roth Capital lowered shares of Fluent from a “buy” rating to a “neutral” rating in a research report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $55.00.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Semtech by 0.8% in the first quarter. BlackRock Inc. now owns 9,591,218 shares of the semiconductor company’s stock valued at $488,289,000 after purchasing an additional 71,416 shares during the period. FMR LLC grew its stake in shares of Semtech by 16.2% in the fourth quarter. FMR LLC now owns 4,114,152 shares of the semiconductor company’s stock worth $188,717,000 after acquiring an additional 573,087 shares during the last quarter. Rice Hall James & Associates LLC grew its stake in shares of Semtech by 2.7% in the first quarter. Rice Hall James & Associates LLC now owns 1,213,627 shares of the semiconductor company’s stock worth $61,786,000 after acquiring an additional 32,045 shares during the last quarter. Norges Bank acquired a new stake in shares of Semtech in the fourth quarter worth $40,233,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Semtech by 524.7% in the first quarter. JPMorgan Chase & Co. now owns 873,124 shares of the semiconductor company’s stock worth $44,450,000 after acquiring an additional 733,351 shares during the last quarter. 96.44% of the stock is currently owned by institutional investors.

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, and communications applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.

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

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