Semtech Corp. (NASDAQ: SMTC) is 93.88% higher on its value in year-to-date trading and has touched a low of $13.13 and a high of $46.86 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 $41.58 in the last trading session, with the day’s gains setting it 0.9%.
Currently trading at $42.48, the stock is 19.24% and 26.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing 2.16% at the moment leaves the stock 51.07% off its SMA200. SMTC registered 59.94% gain for a year compared to 6-month gain of 94.68%.
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The stock witnessed a 51.71% loss in the last 1 month and extending the period to 3 months gives it a 13.64%, and is 11.32% up 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 6.73% over the week and 5.54% over the month.
Semtech Corp. (SMTC) has around 1917 employees, a market worth around $3.20B and $815.31M in sales. Fwd P/E is 25.76. Profit margin for the company is -107.21%. Distance from 52-week low is 223.53% and -9.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-81.53%).
Semtech Corp. quarterly earnings per share for the current quarter are estimated at 0.25 with sales reaching $232.9M over the same period.The EPS is expected to grow by 387.14% this year, but quarterly earnings will post 3.20% year-over-year.
338.0 institutions hold shares in Semtech Corp. (SMTC), with institutional investors hold 111.52% of the company’s shares. The shares outstanding are 75.23M, and float is at 74.14M with Short Float at 10.01%. Institutions hold 110.13% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 10.19 million shares valued at $304.46 million. The investor’s holdings represent 15.7955 of the SMTC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 8.58 million shares valued at $256.38 million to account for 13.301 of the shares outstanding. The other top investors are AMERIPRISE FINANCIAL INC which holds 5.67 million shares representing 8.7881 and valued at over $169.39 million, while ALLIANCEBERNSTEIN L.P. holds 7.51 of the shares totaling 4.84 million with a market value of $144.76 million.
Semtech Corp. (SMTC) Insider Activity
The most recent transaction is an insider purchase by Lin Mark, the company’s EVP 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).
