.jpg "Semtech (NASDAQ: SMTC)")
Today, the SVP of Semtech (NASDAQ: SMTC), Asaf Silberstein, bought shares of SMTC for $599.8K.
Following this transaction Asaf Silberstein’s holding in the company was increased by 91.05% to a total of $2.07 million. In addition to Asaf Silberstein, 20 other SMTC executives reported Buy trades in the last month.
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SMTC’s market cap is $3.3B and the company has a P/E ratio of 90.82. Currently, Semtech has an average volume of 359.5K.
Starting in March 2018, SMTC received 15 Buy ratings in a row. 13 different firms, including B.Riley FBR and BWS Financial, currently also have a Buy rating on the stock. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy SMTC with a $46 price target.
In the last 30 days, insiders have sold $10.9M worth of SMTC shares and purchased $2.39M worth of SMTC shares. The insider sentiment on Semtech has been neutral according to 187 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Asaf Silberstein’s trades have generated a 1.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
