Semtech Co. (NASDAQ:SMTC) VP Alisair Fulton sold 1,350 shares of Semtech stock in a transaction dated Wednesday, October 13th. The stock was sold at an average price of $75.61, for a total value of $102,073.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of NASDAQ:SMTC traded down $1.01 during midday trading on Wednesday, reaching $74.76. The company had a trading volume of 395,864 shares, compared to its average volume of 392,284. The company has a quick ratio of 3.28, a current ratio of 4.17 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average price is $72.73 and its 200 day moving average price is $67.98. The stock has a market cap of $4.81 billion, a PE ratio of 54.17, a P/E/G ratio of 3.22 and a beta of 1.65. Semtech Co. has a 1-year low of $52.23 and a 1-year high of $83.94.
Semtech (NASDAQ:SMTC) last released its earnings results on Tuesday, August 31st. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. The business had revenue of $185.00 million for the quarter, compared to the consensus estimate of $182.89 million. Semtech had a return on equity of 14.21% and a net margin of 13.44%. Semtech’s quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. On average, research analysts expect that Semtech Co. will post 1.84 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in SMTC. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Semtech during the second quarter worth approximately $40,000. Ameritas Investment Company LLC acquired a new position in Semtech during the first quarter worth approximately $51,000. FORA Capital LLC acquired a new position in Semtech during the second quarter worth approximately $120,000. Dark Forest Capital Management LP acquired a new position in Semtech during the second quarter worth approximately $142,000. Finally, Mackenzie Financial Corp acquired a new position in Semtech during the second quarter worth approximately $203,000. 94.73% of the stock is currently owned by hedge funds and other institutional investors.
Semtech Company Profile
Semtech Corp. engages in the manufacture and supply of analog and mixed signal semiconductor products for high-end consumer, enterprise computing, communications, and industrial equipment. The firm operates through the following business segments: Protection, Signal Integrity, and Wireless & Sensing.
Recommended Story: Understanding Relative Strength Index
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.