Mohan Maheswaran the President and CEO of Semtech (SMTC) Unloaded 7,000 Shares; 10-15 Associates Has Upped By $1.11 Million Its Ingersoll (IR) Holding

Not a long ago, a big insider trading transaction was made. Mohan Maheswaran, the President and CEO and an insider of Semtech Corp unloaded exactly 7,000 shares of Semtech Corp, worth roughly $230,930 U.S. Dollars, at $33.0 per share at the time of the transaction. In the last month, he also unloaded 35,500 shares valued at $1,212,541 USD. Mohan filled this deal on 01/03/2018. The report is accessible online here at the SEC website. Mohan Maheswaran owns about 0.34% of Semtech Corp’s total market cap or 223,977 shares. Considering the size of the deal, it is difficult to remain undiscovered.

10-15 Associates Inc increased Ingersoll (IR) stake by 66.24% reported in 2017Q3 SEC filing. 10-15 Associates Inc acquired 12,485 shares as Ingersoll (IR)’s stock rose 10.19%. The 10-15 Associates Inc holds 31,334 shares with $2.79M value, up from 18,849 last quarter. Ingersoll now has $21.46B valuation. The stock decreased 3.30% or $2.93 during the last trading session, reaching $85.87. About 2.67M shares traded or 44.10% up from the average. Ingersoll-Rand Plc (NYSE:IR) has risen 39.42% since March 2, 2017 and is uptrending. It has outperformed by 22.72% the S&P500.

Since September 5, 2017, it had 0 insider purchases, and 30 insider sales for $5.07 million activity. Costello Mark C also sold $32,532 worth of Semtech Corporation (NASDAQ:SMTC) shares. Silberstein Asaf had sold 1,000 shares worth $38,300 on Tuesday, October 3. $172,801 worth of Semtech Corporation (NASDAQ:SMTC) was sold by ANTLE GLEN M on Wednesday, December 13. Another trade for 2,500 shares valued at $100,083 was made by MAHESWARAN MOHAN on Friday, October 13. WILSON JOHN MICHAEL sold $357,760 worth of stock. Another trade for 2,000 shares valued at $76,000 was made by CHUKWU EMEKA on Friday, January 12. Ammann Charles B. sold $77,234 worth of stock or 2,250 shares.

The stock decreased 2.53% or $0.85 during the last trading session, reaching $32.8. About 618,624 shares traded or 8.69% up from the average. Semtech Corporation (NASDAQ:SMTC) has risen 72.29% since March 2, 2017 and is uptrending. It has outperformed by 55.59% the S&P500.

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.05, from 1.07 in 2017Q2. It dived, as 16 investors sold Semtech Corporation shares while 74 reduced holdings. 30 funds opened positions while 62 raised stakes. 61.66 million shares or 0.19% less from 61.78 million shares in 2017Q2 were reported. Texas Permanent School Fund holds 48,328 shares or 0.02% of its portfolio. The New York-based Goldman Sachs Group Inc has invested 0.01% in Semtech Corporation (NASDAQ:SMTC). Los Angeles Cap Mgmt & Equity Research has 0.01% invested in Semtech Corporation (NASDAQ:SMTC). Invesco reported 0.01% of its portfolio in Semtech Corporation (NASDAQ:SMTC). Lenox Wealth Advisors invested in 0% or 70 shares. Schwab Charles Investment Mgmt Inc reported 329,308 shares. Comerica Commercial Bank owns 70,280 shares. First Tru Advsr L P holds 0% or 45,822 shares in its portfolio. First Mercantile Trust Communication holds 8,067 shares or 0.05% of its portfolio. Suffolk Cap Mngmt Limited Com reported 32,354 shares. Renaissance Techs Ltd Liability Com holds 0.05% of its portfolio in Semtech Corporation (NASDAQ:SMTC) for 1.23M shares. Sg Americas Secs Ltd Liability Corp holds 33,162 shares. 46,504 are held by Eam Limited. 8,526 are held by Tower Research Cap Ltd Liability Company (Trc). Thompson Siegel And Walmsley Limited Liability Company invested in 367,832 shares.

Semtech Corporation designs, develops, makes, and markets analog and mixed-signal semiconductor products. The company has market cap of $2.18 billion. The firm provides signal integrity products, including a portfolio of optical communications, broadcast video, and backplane products used in various enterprise computing, industrial, communications, and high-end consumer applications; and a portfolio of integrated circuits for optical transceivers, backplane, and high-speed interface applications. It has a 48.09 P/E ratio. It also offers protection products, such as filter and termination devices that are integrated with the transient voltage suppressor devices, which protect electronic systems from voltage spikes; and wireless and sensing products comprising a portfolio of specialized radio frequency products used in various industrial, medical, and communications applications, as well as specialized sensing products used in industrial and consumer applications.

Analysts await Semtech Corporation (NASDAQ:SMTC) to report earnings on March, 14. They expect $0.26 earnings per share, up 4.00% or $0.01 from last year’s $0.25 per share. SMTC’s profit will be $17.26 million for 31.54 P/E if the $0.26 EPS becomes a reality. After $0.34 actual earnings per share reported by Semtech Corporation for the previous quarter, Wall Street now forecasts -23.53% negative EPS growth.

Among 12 analysts covering Semtech (NASDAQ:SMTC), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Semtech has $49 highest and $17 lowest target. $38.54’s average target is 17.50% above currents $32.8 stock price. Semtech had 33 analyst reports since August 3, 2015 according to SRatingsIntel. As per Monday, August 3, the company rating was reinitiated by RBC Capital Markets. As per Wednesday, December 6, the company rating was maintained by Oppenheimer. As per Thursday, January 18, the company rating was maintained by Needham. Oppenheimer maintained Semtech Corporation (NASDAQ:SMTC) on Thursday, June 29 with “Buy” rating. M Partners downgraded the shares of SMTC in report on Friday, September 25 to “Neutral” rating. The firm earned “Buy” rating on Thursday, August 31 by B. Riley & Co. RBC Capital Markets maintained it with “Hold” rating and $39.0 target in Wednesday, August 30 report. Drexel Hamilton maintained the shares of SMTC in report on Thursday, September 1 with “Buy” rating. The stock of Semtech Corporation (NASDAQ:SMTC) has “Hold” rating given on Wednesday, May 31 by RBC Capital Markets. Oppenheimer upgraded the shares of SMTC in report on Thursday, December 1 to “Outperform” rating.

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