Semtech Corp (NASDAQ: SMTC) is -39.56% lower on its value in year-to-date trading and has touched a low of $19.20 and a high of $79.52 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SMTC stock was last observed hovering at around $36.73 in the last trading session, with the day’s gains setting it 0.65%.
Currently trading at $37.38, the stock is -37.08% and -40.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.18 million and changing 1.77% at the moment leaves the stock -17.84% off its SMA200. SMTC registered 93.88% gain for a year compared to 6-month gain of 11.85%. The firm has a 50-day simple moving average (SMA 50) of $62.9442 and a 200-day simple moving average (SMA200) of $45.49865.
The stock witnessed a -48.45% loss in the last 1 month and extending the period to 3 months gives it a -24.06%, and is -31.43% 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 6.12% over the week and 7.38% over the month.
Semtech Corp (SMTC) has around 1917 employees, a market worth around $3.22B and $851.23M in sales. Fwd P/E is 22.19. Profit margin for the company is -99.08%. Distance from 52-week low is 94.69% and -52.99% from its 52-week high. The company has generated returns on investments over the last 12 months (-78.82%).
with sales reaching $249.4M over the same period.The EPS is expected to grow by 453.69% this year, but quarterly earnings will post 4.47% year-over-year. Quarterly sales are estimated to grow 29.26% in year-over-year returns.
Semtech Corp (SMTC) Top Institutional Holders
457.0 institutions hold shares in Semtech Corp (SMTC), with institutional investors hold 116.06% of the company’s shares. The shares outstanding are 86.18M, and float is at 85.26M with Short Float at 8.45%. Institutions hold 114.78% 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 sale by Lin Mark, the company’s EVP and CFO. SEC filings show that Lin Mark sold 2,990 shares of the company’s common stock on Jan 29 ’25 at a price of $59.45 per share for a total of $0.18 million. Following the sale, the insider now owns 5446.0 shares.
Still, SEC filings show that on Jan 17 ’25, Sherazi Imran (SVP and GM) disposed off 1,338 shares at an average price of $75.00 for $0.1 million. The insider now directly holds 14 shares of Semtech Corp (SMTC).
