News headlines about Semtech (NASDAQ:SMTC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Semtech earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 45.6247004922957 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

Shares of Semtech (SMTC) traded down $0.30 during trading on Wednesday, hitting $34.10. The stock had a trading volume of 378,754 shares, compared to its average volume of 488,626. The firm has a market cap of $2,280.00, a PE ratio of 50.15, a P/E/G ratio of 5.62 and a beta of 1.41. Semtech has a fifty-two week low of $31.00 and a fifty-two week high of $41.95. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.32.

Semtech (NASDAQ:SMTC) last issued its earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.04. The business had revenue of $156.60 million for the quarter, compared to analysts’ expectations of $155.69 million. Semtech had a return on equity of 12.13% and a net margin of 7.79%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. research analysts forecast that Semtech will post 1.21 earnings per share for the current fiscal year.

SMTC has been the subject of several recent analyst reports. Royal Bank of Canada restated a “hold” rating and issued a $34.00 price target on shares of Semtech in a research note on Thursday, November 30th. B. Riley restated a “buy” rating and issued a $48.00 price target on shares of Semtech in a research note on Tuesday, August 29th. Drexel Hamilton restated a “buy” rating and issued a $45.00 price target on shares of Semtech in a research note on Thursday, August 31st. BidaskClub cut Semtech from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Finally, BWS Financial set a $49.00 price objective on Semtech and gave the stock a “buy” rating in a report on Thursday, November 30th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $42.22.

In other Semtech news, CFO Emeka Chukwu sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $40.67, for a total value of $81,340.00. Following the sale, the chief financial officer now owns 73,776 shares of the company’s stock, valued at $3,000,469.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Marc Pegulu sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $38.21, for a total value of $38,210.00. The disclosure for this sale can be found here. Insiders sold 60,257 shares of company stock worth $2,315,592 over the last quarter. 2.20% of the stock is currently owned by insiders.

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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.

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

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