Semtech Corp (SMTC): Rockell N Hankin , director of Semtech Corp sold 2,500 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $24.04 per share for a total value of $60,100.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 1, 2016, James Jungsup Kim (Senior Vice President) sold 4,000 shares at $19.61 per share price.On Mar 1, 2016, Emeka Chukwu (Executive VP and CFO) sold 3,000 shares at $19.31 per share price.Also, On Feb 12, 2016, Mohan Maheswaran (President and CEO) sold 1,250 shares at $15.98 per share price.On Jan 19, 2016, John Michael Wilson (Executive Vice President) sold 13,000 shares at $18.44 per share price.
Semtech Corporation: On Tuesday, Jun 7, 2016 heightened volatility was witnessed in Semtech Corporation which led to swings in the share price. The shares opened for trading at $24.26 and hit $24.45 on the upside , eventually ending the session at $24.3, with a gain of 0.58% or 0.14 points. The heightened volatility saw the trading volume jump to 7,85,749 shares. The 52-week high of the share price is $24.68 and the company has a market cap of $1,586 M . The 52-week low of the share price is at $14.04.
Company has been under the radar of several Street Analysts.Semtech Corporation is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 25 from a previous price target of $22 .The Rating was issued on Jun 2, 2016.
Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The Company designs develops and markets a range of products for commercial applications which are sold into the enterprise computing communications high-end consumer and industrial end-markets. It offers datacenters passive optical networks notebooks servers and other computer peripherals for the enterprise computing market. It offers base stations optical networks carrier networks switches and routers cable modems and other communication infrastructure equipment for communications market. It offers handheld products smartphones set-top boxes digital televisions and other consumer equipment for the high-end consumer market. It offers video broadcast studio equipment automated meter reading Internet of Things (IoT) smart grid military and aerospace medical security systems automotive industrial and home automation and other industrial equipment for the industrial market.