Today, the President & CEO of Semtech (NASDAQ: SMTC), Mohan Maheswaran, sold shares of SMTC for $7.48M.
Following Mohan Maheswaran’s last SMTC Sell transaction on February 21, 2018, the stock climbed by 17.7%. In addition to Mohan Maheswaran, 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 182 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.
