The EVP & CFO of Semtech (SMTC) is Selling Shares


Today, the EVP & CFO of Semtech (SMTC), Emeka Chukwu, sold shares of SMTC for $1M.

In addition to Emeka Chukwu, 11 other SMTC executives reported Sell trades in the last month.

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Based on Semtech’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $131 million and quarterly net profit of $13.29 million. In comparison, last year the company earned revenue of $130 million and had a net profit of $12.38 million. SMTC’s market cap is $3.09B and the company has a P/E ratio of 48.40. Currently, Semtech has an average volume of 643.6K.

Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $56.00, reflecting a 23.3% upside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy SMTC with a $60 price target.

In the last 30 days, insiders have sold $1.55M worth of SMTC shares and purchased $656.9K worth of SMTC shares. The insider sentiment on Semtech has been neutral according to 138 insider trades in the past three months. This sentiment is 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.

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