The EVP & CFO of Semtech (NASDAQ: SMTC) is Selling Shares

By Carrie Williams

Today, the EVP & CFO of Semtech (NASDAQ: SMTC), Emeka Chukwu, sold shares of SMTC for $651.6K.

In addition to Emeka Chukwu, 20 other SMTC executives reported Sell trades in the last month. Following Emeka Chukwu’s last SMTC Sell transaction on October 03, 2017, the stock climbed by 11.8%.

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SMTC’s market cap is $3.3B and the company has a P/E ratio of 91.18. Currently, Semtech has an average volume of 541K.

Based on 7 analyst ratings, the analyst consensus is Strong Buy with an average price target of $58.86, reflecting a -14.8% downside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy SMTC with a $68 price target.

In the last 30 days, insiders have sold $3.85M worth of SMTC shares and purchased $2.41M worth of SMTC shares. The insider sentiment on Semtech has been neutral according to 181 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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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. It offers signal integrity, protection, wireless and sensing, and power and high-reliability products.