Somewhat Positive Media Coverage Somewhat Unlikely to Affect Semtech (SMTC) Share Price

News headlines about Semtech (NASDAQ:SMTC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. 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 daily sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 45.5417125185979 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the headlines that may have impacted Accern’s scoring:

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SMTC opened at $43.30 on Tuesday. The firm has a market capitalization of $2,877.04, a P/E ratio of 30.93, a P/E/G ratio of 7.52 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.09 and a current ratio of 3.65. Semtech has a 12-month low of $31.30 and a 12-month high of $44.85.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings results on Wednesday, March 14th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. The firm had revenue of $142.11 million for the quarter, compared to analysts’ expectations of $140.49 million. Semtech had a net margin of 6.20% and a return on equity of 13.34%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 earnings per share. equities research analysts anticipate that Semtech will post 1.15 EPS for the current fiscal year.

Several research analysts have recently weighed in on SMTC shares. Piper Jaffray started coverage on shares of Semtech in a research note on Monday, December 18th. They issued a “neutral” rating and a $35.00 target price for the company. Roth Capital set a $45.00 target price on shares of Semtech and gave the company a “buy” rating in a research note on Thursday, March 15th. Needham & Company LLC restated a “buy” rating and issued a $42.00 target price on shares of Semtech in a research note on Thursday, January 18th. BidaskClub downgraded shares of Semtech from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 24th. Finally, Summit Insights upgraded shares of Semtech from a “hold” rating to a “buy” rating in a research note on Thursday, March 15th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $43.44.

In related news, insider Mohan Maheswaran sold 11,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $35.16, for a total value of $386,760.00. Following the sale, the insider now directly owns 203,672 shares of the company’s stock, valued at $7,161,107.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Simon A. Brown sold 2,000 shares of the company’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $39.36, for a total transaction of $78,720.00. Following the completion of the sale, the vice president now directly owns 16,142 shares in the company, valued at $635,349.12. The disclosure for this sale can be found here. Insiders sold 141,963 shares of company stock worth $5,197,093 over the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

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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, communications, and high-end consumer applications; and a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications.

Insider Buying and Selling by Quarter for Semtech (NASDAQ:SMTC)

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