Semtech Corp. (NASDAQ: SMTC) is 48.97% higher on its value in year-to-date trading and has touched a low of $13.13 and a high of $35.80 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SMTC stock was last observed hovering at around $32.07 in the last trading session, with the day’s gains setting it 0.57%.
Currently trading at $32.64, the stock is 5.24% and 28.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.52 million and changing 1.78% at the moment leaves the stock 42.95% off its SMA200. SMTC registered 57.68% gain for a year compared to 6-month gain of 97.94%.
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The stock witnessed a 42.41% loss in the last 1 month and extending the period to 3 months gives it a 46.04%, and is -0.91% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.54% over the week and 7.30% over the month.
Semtech Corp. (SMTC) has around 1917 employees, a market worth around $2.11B and $868.76M in sales. Fwd P/E is 21.14. Profit margin for the company is -125.70%. Distance from 52-week low is 148.59% and -8.83% from its 52-week high. The company has generated returns on investments over the last 12 months (-100.59%).
The EPS is expected to grow by 370.08% this year.
Semtech Corp. (SMTC) Top Institutional Holders
The shares outstanding are 64.42M, and float is at 63.70M with Short Float at 17.23%.
Semtech Corp. (SMTC) Insider Activity
The most recent transaction is an insider purchase by Lin Mark,the company’sEVP and CFO. SEC filings show that Lin Mark bought 1,000 shares of the company’s common stock on Apr 08 ’24 at a price of $33.23 per share for a total of $33232.0. Following the purchase, the insider now owns 1000.0 shares.
Semtech Corp. disclosed in a document filed with the SEC on Dec 15 ’23 that Summers Sylvia (Board of Directors) sold a total of 16,000 shares of the company’s common stock. The trade occurred on Dec 15 ’23 and was made at $22.39 per share for $0.36 million. Following the transaction, the insider now directly holds 13008.0 shares of the SMTC stock.
Still, SEC filings show that on Sep 28 ’23, Rodensky Michael W (SVP) disposed off 18,227 shares at an average price of $25.50 for $0.46 million. The insider now directly holds 0 shares of Semtech Corp. (SMTC).
