Semtech Corporation (NASDAQ:SMTC – Get Free Report) CFO Mark Lin sold 971 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $72.83, for a total value of $70,717.93. Following the completion of the sale, the chief financial officer directly owned 17,844 shares of the company’s stock, valued at approximately $1,299,578.52. This represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Semtech Stock Down 1.3%
NASDAQ:SMTC opened at $72.00 on Friday. The firm has a market capitalization of $6.25 billion, a PE ratio of 300.00 and a beta of 2.01. The stock has a 50 day moving average of $57.48 and a 200-day moving average of $44.91. Semtech Corporation has a 52 week low of $24.05 and a 52 week high of $79.52. The company has a current ratio of 2.53, a quick ratio of 1.78 and a debt-to-equity ratio of 0.94.
Institutional Trading of Semtech
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. increased its holdings in shares of Semtech by 78.4% in the second quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 287 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Semtech during the 2nd quarter worth $33,000. NBC Securities Inc. grew its holdings in Semtech by 104,700.0% during the 1st quarter. NBC Securities Inc. now owns 1,048 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 1,047 shares during the period. Smartleaf Asset Management LLC grew its holdings in Semtech by 33.4% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 257 shares during the period. Finally, Versant Capital Management Inc grew its holdings in Semtech by 58.5% during the 1st quarter. Versant Capital Management Inc now owns 1,498 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 553 shares during the period.
Analysts Set New Price Targets
Read Our Latest Research Report on SMTC
Semtech Company Profile
Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial 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.
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