News headlines about Semtech Corporation (NASDAQ:SMTC) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Semtech Corporation earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 44.3262383367268 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- Semtech Corp (SMTC) Share Activity Climbing in Session – Stock Press Daily (stockpressdaily.com)
- Semtech Corporation (SMTC) registers a price change of 0.65% while Zillow Group, Inc. (ZG) finishes with a flow of … – Stocks Gallery (stocksgallery.com)
- See what the IHS Markit Score report has to say about Semtech Corp. (finance.yahoo.com)
- Wifx Selects Semtech’s LoRa Technology to Broaden LoRaWAN Deployment in Europe (finance.yahoo.com)
Several equities research analysts have commented on SMTC shares. B. Riley restated a “buy” rating and issued a $48.00 price target on shares of Semtech Corporation in a research note on Tuesday, June 6th. Drexel Hamilton raised their price objective on shares of Semtech Corporation from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, June 1st. Zacks Investment Research upgraded shares of Semtech Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, May 10th. Royal Bank Of Canada restated a “hold” rating and set a $39.00 target price on shares of Semtech Corporation in a report on Thursday, July 6th. Finally, Robert W. Baird restated an “outperform” rating and set a $45.00 target price on shares of Semtech Corporation in a report on Tuesday, June 13th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $43.50.
Shares of Semtech Corporation (NASDAQ:SMTC) traded up 1.19% on Friday, reaching $38.20. 312,986 shares of the company traded hands. Semtech Corporation has a 52-week low of $22.81 and a 52-week high of $41.15. The stock has a 50 day moving average of $37.71 and a 200 day moving average of $35.32. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 42.54 and a beta of 1.44.
Semtech Corporation (NASDAQ:SMTC) last issued its quarterly earnings results on Wednesday, May 31st. The semiconductor company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. The company had revenue of $149.10 million for the quarter, compared to the consensus estimate of $145.60 million. Semtech Corporation had a net margin of 10.70% and a return on equity of 12.16%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. On average, analysts expect that Semtech Corporation will post $1.85 earnings per share for the current year.
In related news, insider Gary Beauchamp sold 30,899 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $35.52, for a total value of $1,097,532.48. Following the transaction, the insider now directly owns 30,899 shares in the company, valued at $1,097,532.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mohan Maheswaran sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $36.27, for a total value of $54,405.00. Following the completion of the sale, the insider now directly owns 196,811 shares of the company’s stock, valued at approximately $7,138,334.97. The disclosure for this sale can be found here. Insiders sold a total of 90,088 shares of company stock worth $3,273,768 over the last three months. 2.10% of the stock is owned by insiders.
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Semtech Corporation Company Profile
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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