Emeka Chukwu Sells 1,100 Shares of Semtech Co. (SMTC) Stock

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.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Wednesday, November 28th. The semiconductor company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Semtech had a net margin of 7.97% and a return on equity of 14.23%. The business had revenue of $173.60 million during the quarter, compared to the consensus estimate of $173.06 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. Equities analysts forecast that Semtech Co. will post 1.57 EPS for the current year.

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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About Semtech

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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