Insider Selling: Semtech Co. (SMTC) SVP Sells $109,900.00 in Stock

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.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings results on Wednesday, August 29th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The company had revenue of $163.20 million for the quarter, compared to analysts’ expectations of $161.21 million. Semtech had a return on equity of 12.66% and a net margin of 8.48%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 earnings per share. As a group, analysts anticipate that Semtech Co. will post 1.56 earnings per share for the current fiscal year.

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.

ILLEGAL ACTIVITY NOTICE: This story was published by WKRB News and is the sole property of of WKRB News. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at https://www.wkrb13.com/2018/11/23/insider-selling-semtech-co-smtc-svp-sells-109900-00-in-stock.html.

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.

Further Reading: Put Option

Insider Buying and Selling by Quarter for Semtech (NASDAQ:SMTC)

Receive News & Ratings for Semtech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semtech and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply