The SVP HR of Semtech (NASDAQ: SMTC) is Selling Shares

By Carrie Williams

Yesterday, the SVP HR of Semtech (SMTCResearch Report), Sharon Faltemier, sold shares of SMTC for $910.6K.

Following Sharon Faltemier’s last SMTC Sell transaction on March 22, 2018, the stock climbed by 6.7%. In addition to Sharon Faltemier, 4 other SMTC executives reported Sell trades in the last month.

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Based on Semtech’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $174 million and quarterly net profit of $12.17 million. In comparison, last year the company earned revenue of $150 million and had a net profit of $13.34 million. SMTC’s market cap is $3.12B and the company has a P/E ratio of 67.17. Currently, Semtech has an average volume of 578.6K.

Based on 10 analyst ratings, the analyst consensus is Strong Buy with an average price target of $57.67, reflecting a 21.4% upside.

In the last 30 days, insiders have sold $4.07M worth of SMTC shares and purchased $2.92M worth of SMTC shares. The insider sentiment on Semtech has been neutral according to 154 insider trades in the past three months. This sentiment is lower 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.