Semtech Corp (NASDAQ: SMTC) is 11.45% higher on its value in year-to-date trading and has touched a low of $18.16 and a high of $73.96 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 $72.51 in the last trading session, with the day’s loss setting it -3.58%.
Currently trading at $68.93, the stock is 5.92% and 15.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.4 million and changing -4.94% at the moment leaves the stock 60.79% off its SMA200. SMTC registered 271.59% gain for a year compared to 6-month gain of 108.63%. The firm has a 50-day simple moving average (SMA 50) of $59.86 and a 200-day simple moving average (SMA200) of $42.86875.
The stock witnessed a 5.80% loss in the last 1 month and extending the period to 3 months gives it a 56.16%, and is 1.97% 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 6.79% over the week and 5.20% over the month.
Semtech Corp (SMTC) has around 1917 employees, a market worth around $5.94B and $851.23M in sales. Fwd P/E is 37.91. Profit margin for the company is -99.08%. Distance from 52-week low is 279.57% and -6.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-78.82%).
with sales reaching $250.17M over the same period.The EPS is expected to grow by 454.55% this year, but quarterly earnings will post 4.57% year-over-year. Quarterly sales are estimated to grow 29.65% in year-over-year returns.
374.0 institutions hold shares in Semtech Corp (SMTC), with institutional investors hold 117.69% of the company’s shares. The shares outstanding are 86.18M, and float is at 85.31M with Short Float at 8.39%. 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
Semtech Corp disclosed in a document filed with the SEC on Jan 03 ’25 that Lin Mark (EVP and CFO) sold a total of 1,359 shares of the company’s common stock. The trade occurred on Jan 03 ’25 and was made at $65.15 per share for $88534.0. Following the transaction, the insider now directly holds 4164.0 shares of the SMTC stock.
Still, SEC filings show that on Jan 03 ’25, Lin Mark (Officer) Proposed Sale 1,359 shares at an average price of $63.20 for $85889.0. The insider now directly holds shares of Semtech Corp (SMTC).
