.jpg "Semtech (NASDAQ: SMTC)")
Today, the VP and GM of Semtech (NASDAQ: SMTC), Mark Costello, bought shares of SMTC for $43.65K.
This recent transaction increases Mark Costello’s holding in the company by 26.24% to a total of $349.2K. Following Mark Costello’s last SMTC Buy transaction on March 21, 2018, the stock climbed by 10.2%.
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SMTC’s market cap is $3.31B and the company has a P/E ratio of 93.18. Currently, Semtech has an average volume of 505.3K.
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 $8.74M worth of SMTC shares and purchased $537.5K worth of SMTC shares. The insider sentiment on Semtech has been neutral according to 184 insider trades in the past three months. This sentiment is slightly 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. Its offers signal integrity, protection, wireless and sensing, and power and high-reliability products.
