News articles about Semtech (NASDAQ:SMTC) have been trending positive on Wednesday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Semtech earned a news sentiment score of 0.32 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 45.9858289140061 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Contrasting MaxLinear (MXL) and Semtech (SMTC) (americanbankingnews.com)
- Financial Comparison: Cree (CREE) vs. Semtech (SMTC) (americanbankingnews.com)
- Semtech and Lacuna Receiving Messages from Space (finance.yahoo.com)
- Semtech Co. (SMTC) Expected to Announce Quarterly Sales of $140.50 Million (americanbankingnews.com)
- Mohan Maheswaran Sells 22,000 Shares of Semtech Co. (SMTC) Stock (americanbankingnews.com)
Several analysts have issued reports on SMTC shares. BidaskClub lowered Semtech from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Royal Bank of Canada reissued a “hold” rating and set a $34.00 price target on shares of Semtech in a report on Thursday, November 30th. Zacks Investment Research raised Semtech from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. BWS Financial set a $49.00 price target on Semtech and gave the company a “buy” rating in a report on Thursday, November 30th. Finally, Piper Jaffray Companies started coverage on Semtech in a report on Monday, December 18th. They set a “neutral” rating and a $35.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $41.90.
Semtech (NASDAQ:SMTC) last announced its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $156.60 million for the quarter, compared to the consensus estimate of $155.69 million. During the same period in the previous year, the business earned $0.37 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. equities research analysts expect that Semtech will post 1.21 EPS for the current fiscal year.
In other news, CEO Mohan Maheswaran sold 2,500 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $34.44, for a total value of $86,100.00. Following the transaction, the chief executive officer now directly owns 212,872 shares in the company, valued at $7,331,311.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Glen M. Antle sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $34.56, for a total value of $172,800.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $172,800. The disclosure for this sale can be found here. Insiders sold 72,784 shares of company stock worth $2,512,405 over the last 90 days. Company insiders own 2.20% of the company’s stock.
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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