Semtech Co. (NASDAQ:SMTC) EVP Charles B. Ammann sold 20,000 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $48.52, for a total value of $970,400.00. Following the transaction, the executive vice president now directly owns 30,309 shares of the company’s stock, valued at $1,470,592.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
SMTC stock traded down $0.68 during trading on Friday, hitting $49.28. 329,618 shares of the company’s stock were exchanged, compared to its average volume of 550,646. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.42 and a quick ratio of 3.71. Semtech Co. has a 52-week low of $39.54 and a 52-week high of $60.55. The firm’s 50-day moving average price is $46.02. The firm has a market capitalization of $3.29 billion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 3.57 and a beta of 1.88.
Semtech (NASDAQ:SMTC) last issued its quarterly earnings data on Wednesday, May 29th. The semiconductor company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.16. Semtech had a return on equity of 14.05% and a net margin of 10.18%. The company had revenue of $131.40 million during the quarter, compared to analysts’ expectations of $130.40 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was down 13.5% on a year-over-year basis. On average, equities research analysts predict that Semtech Co. will post 1.15 EPS for the current year.
A number of equities analysts have recently commented on the company. Wells Fargo & Co assumed coverage on Semtech in a research report on Tuesday, May 14th. They set an “outperform” rating and a $48.03 price objective for the company. Zacks Investment Research downgraded Hess Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. Oppenheimer decreased their target price on Semtech from $60.00 to $52.00 and set an “outperform” rating for the company in a research note on Thursday, May 30th. B. Riley set a $14.00 target price on Tilly’s and gave the stock a “buy” rating in a research note on Thursday, May 30th. Finally, ValuEngine upgraded Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. Semtech presently has an average rating of “Buy” and a consensus target price of $55.00.
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, and communications applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.
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