Trading Report: The Semtech Corp. (SMTC) Insider Sold $37,710.00 in Stock

The Semtech Corp. (SMTC) Insider Sold $37,710.00 in Stock

Semtech Corp. (NASDAQ:SMTC) insider Mohan Maheswaran sold 1,500 shares of the stock in a transaction dated Friday, October 14th. The stock was sold at an average price of $25.14, for a total transaction of $37,710.00. Following the completion of the transaction, the insider now directly owns 181,867 shares of the company’s stock, valued at $4,572,136.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Mohan Maheswaran also recently made the following trade(s): On Wednesday, September 14th, Mohan Maheswaran sold 1,500 shares of Semtech Corp. stock. The stock was sold at an average price of $26.40, for a total transaction of $39,600.00. On Monday, August 15th, Mohan Maheswaran sold 1,500 shares of Semtech Corp. stock. The stock was sold at an average price of $26.00, for a total transaction of $39,000.00.

Semtech Corp. (NASDAQ:SMTC) traded up 0.80% during midday trading on Friday, hitting $25.15. 539,003 shares of the stock were exchanged. The firm’s 50 day moving average price is $27.01 and its 200 day moving average price is $24.34. Semtech Corp. has a 12 month low of $15.70 and a 12 month high of $28.20. The company has a market cap of $1.65 billion, a PE ratio of 59.74 and a beta of 1.37.

Semtech Corp. (NASDAQ:SMTC) last released its quarterly earnings results on Wednesday, August 31st. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Semtech Corp. had a net margin of 5.55% and a return on equity of 8.89%. The firm earned $135.90 million during the quarter. During the same period in the prior year, the firm posted $0.24 earnings per share. Semtech Corp.’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts forecast that Semtech Corp. will post $1.34 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in SMTC. Frontier Capital Management Co. LLC raised its stake in shares of Semtech Corp. by 36.1% in the second quarter. Frontier Capital Management Co. LLC now owns 2,442,524 shares of the company’s stock worth $58,279,000 after buying an additional 648,271 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Semtech Corp. by 841.3% in the first quarter. UBS Asset Management Americas Inc. now owns 420,048 shares of the company’s stock worth $9,236,000 after buying an additional 375,422 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of Semtech Corp. during the second quarter worth $5,778,000. Vanguard Group Inc. raised its stake in shares of Semtech Corp. by 4.4% in the second quarter. Vanguard Group Inc. now owns 5,235,323 shares of the company’s stock worth $124,915,000 after buying an additional 221,743 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Semtech Corp. by 10.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,780,185 shares of the company’s stock worth $42,475,000 after buying an additional 169,956 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

A number of equities analysts recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $37.00 price target on shares of Semtech Corp. in a research note on Tuesday. Drexel Hamilton restated a “buy” rating and issued a $32.00 price objective on shares of Semtech Corp. in a report on Saturday, October 8th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Semtech Corp. in a report on Monday, September 5th. Finally, MKM Partners restated a “hold” rating on shares of Semtech Corp. in a report on Thursday, June 23rd. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $27.33.

About Semtech Corp.

Related posts

Leave a Comment