Semtech Co. (SMTC) SVP Asaf Silberstein Sells 4,000 Shares
Semtech Co. (NASDAQ:SMTC) SVP Asaf Silberstein sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, January 10th. The stock was sold at an average price of $50.43, for a total transaction of $201,720.00. Following the completion of the sale, the senior vice president now owns 37,897 shares of the company’s stock, valued at $1,911,145.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
NASDAQ:SMTC opened at $50.84 on Friday. Semtech Co. has a 52 week low of $31.30 and a 52 week high of $60.55. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.03 and a quick ratio of 3.53. The firm has a market cap of $3.30 billion, a P/E ratio of 36.31, a PEG ratio of 2.55 and a beta of 1.78.
Semtech (NASDAQ:SMTC) last posted its quarterly earnings results on Wednesday, November 28th. The semiconductor company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. Semtech had a net margin of 7.97% and a return on equity of 14.23%. The company had revenue of $173.60 million during the quarter, compared to analyst estimates of $173.06 million. During the same period in the prior year, the business posted $0.54 EPS. The firm’s revenue was up 15.5% compared to the same quarter last year. Equities research analysts expect that Semtech Co. will post 1.57 EPS for the current fiscal year.
A number of brokerages have recently weighed in on SMTC. Susquehanna Bancshares began coverage on shares of Semtech in a report on Friday, December 7th. They issued a “neutral” rating and a $54.00 price objective for the company. Zacks Investment Research lowered shares of Semtech from a “hold” rating to a “sell” rating in a report on Monday, December 3rd. Roth Capital set a $62.00 price objective on shares of Semtech and gave the stock a “buy” rating in a report on Thursday, November 29th. Royal Bank of Canada restated an “outperform” rating and issued a $55.00 price objective on shares of Semtech in a report on Thursday, November 29th. Finally, B. Riley restated a “buy” rating and issued a $61.00 price objective (up from $58.00) on shares of Semtech in a report on Thursday, November 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $59.82.
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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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