Semtech Co. (NASDAQ:SMTC) VP Marc Pegulu sold 3,000 shares of the business’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $50.00, for a total value of $150,000.00. Following the completion of the transaction, the vice president now directly owns 15,953 shares of the company’s stock, valued at approximately $797,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Marc Pegulu also recently made the following trade(s):
- On Wednesday, April 11th, Marc Pegulu sold 2,000 shares of Semtech stock. The shares were sold at an average price of $43.21, for a total value of $86,420.00.
- On Tuesday, March 27th, Marc Pegulu sold 2,000 shares of Semtech stock. The shares were sold at an average price of $41.00, for a total value of $82,000.00.
NASDAQ:SMTC opened at $49.75 on Friday. The stock has a market cap of $3.39 billion, a PE ratio of 35.54, a PEG ratio of 9.16 and a beta of 1.23. The company has a current ratio of 4.09, a quick ratio of 3.51 and a debt-to-equity ratio of 0.30. Semtech Co. has a 1-year low of $31.30 and a 1-year high of $51.90.
Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Wednesday, May 30th. The semiconductor company reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.01. The company had revenue of $151.90 million for the quarter, compared to analysts’ expectations of $150.33 million. Semtech had a return on equity of 12.05% and a net margin of 6.44%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 earnings per share. sell-side analysts anticipate that Semtech Co. will post 1.12 earnings per share for the current year.
A number of research firms have issued reports on SMTC. Piper Jaffray Companies upgraded Semtech from a “neutral” rating to an “overweight” rating and set a $35.00 target price on the stock in a research report on Wednesday, April 4th. BidaskClub upgraded Semtech from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 15th. ValuEngine upgraded Semtech from a “hold” rating to a “buy” rating in a research report on Tuesday, March 20th. Royal Bank of Canada upgraded Semtech from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, May 9th. They noted that the move was a valuation call. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price (up previously from $45.00) on shares of Semtech in a research report on Thursday, May 31st. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Semtech presently has a consensus rating of “Buy” and a consensus price target of $53.44.
Several large investors have recently added to or reduced their stakes in SMTC. Schwab Charles Investment Management Inc. grew its holdings in shares of Semtech by 9.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 360,625 shares of the semiconductor company’s stock worth $12,334,000 after purchasing an additional 31,317 shares during the last quarter. Stephens Investment Management Group LLC lifted its stake in shares of Semtech by 6.3% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,201,474 shares of the semiconductor company’s stock worth $41,090,000 after acquiring an additional 71,554 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Semtech by 334.6% in the fourth quarter. Teacher Retirement System of Texas now owns 23,557 shares of the semiconductor company’s stock worth $806,000 after acquiring an additional 18,137 shares during the period. Swiss National Bank lifted its stake in shares of Semtech by 5.3% in the fourth quarter. Swiss National Bank now owns 114,200 shares of the semiconductor company’s stock worth $3,906,000 after acquiring an additional 5,700 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Semtech in the fourth quarter worth approximately $610,000. Institutional investors own 96.36% of the company’s stock.
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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