Semtech Corp (NASDAQ: SMTC) is 192.29% higher on its value in year-to-date trading and has touched a low of $15.63 and a high of $66.64 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 $64.20 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $64.04, the stock is 26.13% and 36.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing -0.25% at the moment leaves the stock 76.62% off its SMA200. SMTC registered 291.92% gain for a year compared to 6-month gain of 64.67%. The firm has a 50-day simple moving average (SMA 50) of $46.999 and a 200-day simple moving average (SMA200) of $36.26035.
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The stock witnessed a 36.72% loss in the last 1 month and extending the period to 3 months gives it a 46.14%, and is 25.82% 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 6.99% over the week and 5.98% over the month.
Semtech Corp (SMTC) has around 1917 employees, a market worth around $4.81B and $851.21M in sales. Fwd P/E is 36.27. Profit margin for the company is -99.08%. Distance from 52-week low is 309.72% and -3.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-80.28%).
The EPS is expected to grow by 448.05% this year.
Semtech Corp (SMTC) Top Institutional Holders
374.0 institutions hold shares in Semtech Corp (SMTC), with institutional investors hold 117.69% of the company’s shares. The shares outstanding are 75.23M, and float is at 74.29M with Short Float at 8.81%. Institutions hold 116.21% 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.
