Semtech Co. (NASDAQ:SMTC) SVP James Jungsup Kim sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $43.96, for a total value of $109,900.00. Following the transaction, the senior vice president now owns 44,925 shares of the company’s stock, valued at $1,974,903. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
James Jungsup Kim also recently made the following trade(s):
- On Tuesday, September 18th, James Jungsup Kim sold 8,617 shares of Semtech stock. The stock was sold at an average price of $60.00, for a total value of $517,020.00.
- On Monday, September 10th, James Jungsup Kim sold 2,500 shares of Semtech stock. The stock was sold at an average price of $57.30, for a total value of $143,250.00.
Shares of NASDAQ:SMTC opened at $45.13 on Friday. Semtech Co. has a 12 month low of $31.30 and a 12 month high of $60.55. The company has a market cap of $3.01 billion, a P/E ratio of 32.24, a PEG ratio of 5.83 and a beta of 1.68. The company has a current ratio of 4.13, a quick ratio of 3.62 and a debt-to-equity ratio of 0.29.
Several brokerages recently commented on SMTC. BidaskClub raised Semtech from a “sell” rating to a “hold” rating in a report on Friday, November 16th. Zacks Investment Research reissued a “hold” rating on shares of Semtech in a report on Thursday, November 15th. Piper Jaffray Companies reissued an “overweight” rating and set a $55.00 target price on shares of Semtech in a report on Monday, October 29th. ValuEngine cut Semtech from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 24th. Finally, Roth Capital set a $63.00 target price on Semtech and gave the stock a “buy” rating in a report on Monday, October 8th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Semtech currently has an average rating of “Buy” and a consensus target price of $59.55.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley increased its holdings in shares of Semtech by 119.4% in the third quarter. Morgan Stanley now owns 517,181 shares of the semiconductor company’s stock valued at $28,757,000 after buying an additional 281,404 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Semtech by 7.5% in the third quarter. Legal & General Group Plc now owns 153,781 shares of the semiconductor company’s stock valued at $8,546,000 after buying an additional 10,794 shares in the last quarter. Sawgrass Asset Management LLC bought a new position in shares of Semtech in the third quarter valued at $685,000. Nordea Investment Management AB increased its holdings in shares of Semtech by 17.3% in the third quarter. Nordea Investment Management AB now owns 74,443 shares of the semiconductor company’s stock valued at $4,138,000 after buying an additional 10,996 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings in shares of Semtech by 0.9% in the third quarter. TIAA CREF Investment Management LLC now owns 430,138 shares of the semiconductor company’s stock valued at $23,916,000 after buying an additional 3,940 shares in the last quarter. 98.21% of the stock is currently owned by institutional investors.
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Semtech Company Profile
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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