Today, the EVP and GM of Semtech (NASDAQ: SMTC), Gary Beauchamp, bought shares of SMTC for $95.35K.
In addition to Gary Beauchamp, 24 other SMTC executives reported Buy trades in the last month. This recent transaction increases Gary Beauchamp’s holding in the company by 16.11%.
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SMTC’s market cap is $3.11B and the company has a P/E ratio of 87.55. Currently, Semtech has an average volume of 369.1K.
Starting in March 2018, SMTC received 19 Buy ratings in a row. 13 different firms, including B.Riley FBR and BWS Financial, currently also have a Buy rating on the stock. Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $57.75, reflecting a -16.6% downside.
In the last 30 days, insiders have sold $12.62M worth of SMTC shares and purchased $2.75M worth of SMTC shares. The insider sentiment on Semtech has been neutral according to 188 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.
