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.

Hedge funds and other institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. raised its holdings in Semtech by 3.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 407,349 shares of the semiconductor company’s stock worth $19,166,000 after purchasing an additional 14,920 shares in the last quarter. BlackRock Inc. raised its holdings in Semtech by 4.0% in the 3rd quarter. BlackRock Inc. now owns 9,497,991 shares of the semiconductor company’s stock worth $528,088,000 after purchasing an additional 363,609 shares in the last quarter. Verition Fund Management LLC raised its holdings in Semtech by 166.8% in the 2nd quarter. Verition Fund Management LLC now owns 14,680 shares of the semiconductor company’s stock worth $691,000 after purchasing an additional 9,178 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in Semtech by 38.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 341,680 shares of the semiconductor company’s stock worth $18,998,000 after purchasing an additional 95,118 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its holdings in Semtech by 29.1% in the 3rd quarter. Riverhead Capital Management LLC now owns 9,323 shares of the semiconductor company’s stock worth $518,000 after purchasing an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 99.58% of the company’s stock.

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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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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