Today, the VP and GM of Semtech (NASDAQ: SMTC), Marc Pegulu, sold shares of SMTC for $150K.
Following Marc Pegulu’s last SMTC Sell transaction on April 11, 2018, the stock climbed by 6.4%. In addition to Marc Pegulu, 3 other SMTC executives reported Sell trades in the last month.
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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.
One of the top 25 analysts, according to TipRanks.com, recently recommended Buy SMTC with a $46 price target. Based on 7 analyst ratings, the analyst consensus is Strong Buy with an average price target of $51.14, reflecting a 0.2% upside.
In the last 30 days, insiders have sold $8.57M worth of SMTC shares and purchased $493.8K worth of SMTC shares. The insider sentiment on Semtech has been neutral according to 178 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
Marc Pegulu’s trades have generated a -17.2% 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.
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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.
