Semtech Co. (NASDAQ:SMTC) VP Alisair Fulton sold 500 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $52.78, for a total value of $26,390.00. Following the completion of the transaction, the vice president now owns 1,882 shares in the company, valued at $99,331.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
SMTC stock traded up $1.13 during midday trading on Friday, hitting $54.57. 249,241 shares of the company’s stock were exchanged, compared to its average volume of 674,513. The company has a quick ratio of 3.25, a current ratio of 3.74 and a debt-to-equity ratio of 0.28. Semtech Co. has a 12-month low of $40.15 and a 12-month high of $60.55. The company has a market capitalization of $3.59 billion, a PE ratio of 41.03, a P/E/G ratio of 3.52 and a beta of 1.65.
Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Wednesday, March 13th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. The company had revenue of $160.00 million for the quarter, compared to the consensus estimate of $158.48 million. Semtech had a return on equity of 13.94% and a net margin of 10.05%. Semtech’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 EPS. As a group, sell-side analysts anticipate that Semtech Co. will post 1.22 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of SMTC. Oregon Public Employees Retirement Fund acquired a new position in shares of Semtech in the 4th quarter worth approximately $25,000. Norges Bank acquired a new position in shares of Semtech in the 4th quarter worth approximately $40,233,000. FMR LLC grew its position in shares of Semtech by 16.2% in the 4th quarter. FMR LLC now owns 4,114,152 shares of the semiconductor company’s stock worth $188,717,000 after acquiring an additional 573,087 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Semtech by 30.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,299,759 shares of the semiconductor company’s stock worth $127,868,000 after acquiring an additional 543,325 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Semtech by 150.3% in the 4th quarter. Millennium Management LLC now owns 509,803 shares of the semiconductor company’s stock worth $23,385,000 after acquiring an additional 306,116 shares in the last quarter. Institutional investors own 99.45% of the company’s stock.
Semtech Company Profile
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, and communications applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.
Featured Article: Backdoor Roth IRA Conversion and Strategy
Receive News & Ratings for Semtech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semtech and related companies with MarketBeat.com's FREE daily email newsletter.