Semtech Co. (NASDAQ:SMTC) was the recipient of some unusual options trading on Friday. Investors acquired 1,483 call options on the company. This represents an increase of 1,106% compared to the average volume of 123 call options.
Shares of Semtech (NASDAQ SMTC) opened at $35.40 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.20 and a current ratio of 3.80. The company has a market capitalization of $2,349.07, a price-to-earnings ratio of 51.31, a PEG ratio of 4.75 and a beta of 1.41. Semtech has a 1-year low of $31.50 and a 1-year high of $41.95.
Semtech (NASDAQ:SMTC) last announced its earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.50 by $0.04. Semtech had a return on equity of 12.13% and a net margin of 7.79%. The company had revenue of $156.60 million for the quarter, compared to analysts’ expectations of $155.69 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. research analysts expect that Semtech will post 1.21 EPS for the current fiscal year.
In other Semtech news, SVP James Jungsup Kim sold 1,500 shares of the company’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $34.32, for a total value of $51,480.00. Following the sale, the senior vice president now directly owns 24,600 shares in the company, valued at $844,272. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Charles B. Ammann sold 2,250 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $34.31, for a total value of $77,197.50. The disclosure for this sale can be found here. Insiders sold 42,284 shares of company stock worth $1,502,185 over the last quarter. Company insiders own 2.10% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of SMTC. Quantbot Technologies LP acquired a new position in shares of Semtech during the third quarter valued at $133,000. Teacher Retirement System of Texas acquired a new position in shares of Semtech during the third quarter valued at $204,000. Flinton Capital Management LLC lifted its stake in shares of Semtech by 66.7% during the second quarter. Flinton Capital Management LLC now owns 5,740 shares of the semiconductor company’s stock valued at $205,000 after acquiring an additional 2,296 shares during the period. Stifel Financial Corp acquired a new position in shares of Semtech during the third quarter valued at $209,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in shares of Semtech during the third quarter valued at $232,000. 95.36% of the stock is currently owned by institutional investors and hedge funds.
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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.
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