News articles about Semtech (NASDAQ:SMTC) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Semtech earned a news impact score of 0.16 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 45.7469135030793 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Semtech (SMTC) to Report Q4 Earnings: What's in Store? (finance.yahoo.com)
- Semtech and MultiPhy Announce Demonstration of 100G Single Lambda Chipset with EML Optics at OFC 2018Single … – Markets Insider (markets.businessinsider.com)
- Semtech Announces Initial Production of Highly-Integrated ClearEdge® CDR (finance.yahoo.com)
- Semtech Announces New IC Solution for SFP28 LR Modules for Data Center and Wireless Applications (finance.yahoo.com)
Several equities analysts have recently commented on SMTC shares. Oppenheimer reaffirmed a “buy” rating and set a $42.00 price target on shares of Semtech in a research report on Thursday, November 30th. Drexel Hamilton reaffirmed a “buy” rating and set a $45.00 price target on shares of Semtech in a research report on Thursday, November 30th. BWS Financial set a $49.00 target price on shares of Semtech and gave the stock a “buy” rating in a report on Thursday, November 30th. B. Riley reissued a “buy” rating and issued a $46.00 target price (down previously from $48.00) on shares of Semtech in a report on Monday, November 27th. Finally, Needham & Company LLC started coverage on shares of Semtech in a report on Monday, December 11th. They issued a “buy” rating and a $42.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $41.89.
In other Semtech news, CFO Emeka Chukwu sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $34.32, for a total value of $68,640.00. Following the transaction, the chief financial officer now owns 87,317 shares of the company’s stock, valued at $2,996,719.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mohan Maheswaran sold 22,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $32.63, for a total transaction of $717,860.00. Following the completion of the transaction, the insider now directly owns 196,872 shares in the company, valued at approximately $6,423,933.36. The disclosure for this sale can be found here. Insiders sold 119,034 shares of company stock worth $4,084,867 in the last three months. 2.20% of the stock is currently owned by corporate insiders.
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Semtech Company Profile
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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