Semtech Co. (NASDAQ:SMTC) CFO Emeka Chukwu sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, January 11th. The shares were sold at an average price of $51.00, for a total transaction of $56,100.00. Following the completion of the sale, the chief financial officer now owns 86,030 shares of the company’s stock, valued at $4,387,530. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Emeka Chukwu also recently made the following trade(s):
- On Thursday, November 29th, Emeka Chukwu sold 1,100 shares of Semtech stock. The shares were sold at an average price of $50.00, for a total transaction of $55,000.00.
Shares of NASDAQ:SMTC traded up $1.40 on Friday, hitting $52.24. 707,928 shares of the company were exchanged, compared to its average volume of 548,537. Semtech Co. has a 1-year low of $31.30 and a 1-year high of $60.55. The company has a current ratio of 4.03, a quick ratio of 3.53 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $3.30 billion, a P/E ratio of 37.31, a PEG ratio of 2.55 and a beta of 1.78.
Large investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Semtech by 4.0% during the third quarter. BlackRock Inc. now owns 9,497,991 shares of the semiconductor company’s stock worth $528,088,000 after purchasing an additional 363,609 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings in shares of Semtech by 38.6% during the third quarter. Loomis Sayles & Co. L P now owns 341,680 shares of the semiconductor company’s stock worth $18,998,000 after purchasing an additional 95,118 shares during the last quarter. Verition Fund Management LLC raised its holdings in shares of Semtech by 166.8% during the second quarter. Verition Fund Management LLC now owns 14,680 shares of the semiconductor company’s stock worth $691,000 after purchasing an additional 9,178 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in shares of Semtech by 29.1% during the third quarter. Riverhead Capital Management LLC now owns 9,323 shares of the semiconductor company’s stock worth $518,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Emerald Advisers Inc. PA purchased a new position in shares of Semtech during the third quarter worth $18,175,000. Institutional investors and hedge funds own 99.58% of the company’s stock.
SMTC has been the subject of several recent analyst reports. ValuEngine downgraded shares of Semtech from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 24th. Roth Capital set a $63.00 target price on shares of Semtech and gave the company a “buy” rating in a research note on Monday, October 8th. B. Riley restated a “buy” rating and issued a $61.00 target price (up from $58.00) on shares of Semtech in a research note on Thursday, November 29th. BidaskClub upgraded shares of Semtech from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. Finally, Zacks Investment Research restated a “hold” rating on shares of Semtech in a research note on Thursday, November 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. Semtech has a consensus rating of “Buy” and a consensus price target of $59.82.
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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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