Asaf Silberstein Sells 2,500 Shares of Semtech Corporation (SMTC) Stock

Semtech Corporation (NASDAQ:SMTC) SVP Asaf Silberstein sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $37.78, for a total transaction of $94,450.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Asaf Silberstein also recently made the following trade(s):

  • On Tuesday, October 10th, Asaf Silberstein sold 1,957 shares of Semtech Corporation stock. The stock was sold at an average price of $39.58, for a total transaction of $77,458.06.
  • On Friday, July 14th, Asaf Silberstein sold 1,000 shares of Semtech Corporation stock. The stock was sold at an average price of $37.65, for a total transaction of $37,650.00.
  • On Wednesday, July 12th, Asaf Silberstein sold 2,000 shares of Semtech Corporation stock. The stock was sold at an average price of $37.15, for a total transaction of $74,300.00.
  • On Thursday, July 13th, Asaf Silberstein sold 1,000 shares of Semtech Corporation stock. The stock was sold at an average price of $37.55, for a total transaction of $37,550.00.

Semtech Corporation (SMTC) opened at 40.15 on Thursday. The firm has a 50-day moving average of $36.96 and a 200-day moving average of $36.23. Semtech Corporation has a 12-month low of $22.81 and a 12-month high of $41.15. The firm has a market cap of $2.66 billion, a P/E ratio of 42.44 and a beta of 1.45.

Semtech Corporation (NASDAQ:SMTC) last issued its earnings results on Wednesday, August 30th. The semiconductor company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $153.10 million during the quarter, compared to analyst estimates of $154.91 million. Semtech Corporation had a return on equity of 11.77% and a net margin of 11.00%. Semtech Corporation’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 earnings per share. On average, analysts expect that Semtech Corporation will post $1.89 EPS for the current year.

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A number of analysts have recently weighed in on SMTC shares. Royal Bank Of Canada reissued a “hold” rating and set a $39.00 price target on shares of Semtech Corporation in a research report on Thursday, July 6th. BidaskClub downgraded shares of Semtech Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. B. Riley reissued a “buy” rating and set a $48.00 price target on shares of Semtech Corporation in a research report on Thursday, August 24th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $42.00 price target on shares of Semtech Corporation in a research report on Sunday, August 27th. Finally, Drexel Hamilton reissued a “buy” rating and set a $45.00 price target on shares of Semtech Corporation in a research report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $43.50.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Semtech Corporation by 32,758.7% in the first quarter. BlackRock Inc. now owns 8,382,260 shares of the semiconductor company’s stock valued at $283,320,000 after purchasing an additional 8,356,750 shares in the last quarter. FMR LLC raised its stake in shares of Semtech Corporation by 15.5% in the second quarter. FMR LLC now owns 8,376,134 shares of the semiconductor company’s stock valued at $299,446,000 after purchasing an additional 1,124,083 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Semtech Corporation by 1.3% in the second quarter. Vanguard Group Inc. now owns 6,080,648 shares of the semiconductor company’s stock valued at $217,384,000 after purchasing an additional 75,993 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of Semtech Corporation by 21.1% in the second quarter. Frontier Capital Management Co. LLC now owns 2,634,349 shares of the semiconductor company’s stock valued at $94,178,000 after purchasing an additional 459,808 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Semtech Corporation by 4.8% in the second quarter. State Street Corp now owns 1,902,288 shares of the semiconductor company’s stock valued at $68,013,000 after purchasing an additional 86,399 shares in the last quarter. Institutional investors and hedge funds own 94.42% of the company’s stock.

About Semtech Corporation

Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The Company designs, develops and markets a range of products for commercial applications, which are sold into the enterprise computing, communications, consumer and industrial end-markets. Its product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability.

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

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