Semtech Corp (NASDAQ: SMTC) is -32.24% lower on its value in year-to-date trading and has touched a low of $24.05 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 $40.23 in the last trading session, with the day’s gains setting it 1.68%.
Currently trading at $41.91, the stock is 7.28% and 20.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.34 million and changing 4.18% at the moment leaves the stock -8.39% off its SMA200. SMTC registered 41.92% gain for a year compared to 6-month loss of -35.67%.
The stock witnessed a 4.41% gain in the last 1 month and extending the period to 3 months gives it a 0.72%, and is -0.07% 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 5.29% over the week and 3.63% over the month.
Semtech Corp (SMTC) has around 1838 employees, a market worth around $3.63B and $954.24M in sales. Fwd P/E is 19.54. Profit margin for the company is -12.52%. Distance from 52-week low is 74.26% and -47.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.56%).
The EPS is expected to grow by 88.66% this year
The shares outstanding are 86.62M, and float is at 85.60M with Short Float at 8.34%.
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 15.6087 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 13.1437 of the shares outstanding. The other top investors are AMERIPRISE FINANCIAL INC which holds 5.67 million shares representing 8.6841 and valued at over $169.39 million, while ALLIANCEBERNSTEIN L.P. holds 7.4212 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 Jun 05 ’25 that Lin Mark (EVP and CFO) sold a total of 3,774 shares of the company’s common stock. The trade occurred on Jun 05 ’25 and was made at $37.96 per share for $0.14 million. Following the transaction, the insider now directly holds 16578.0 shares of the SMTC stock.
Still, SEC filings show that on Jun 06 ’25, Silberstein Asaf (EVP and COO) disposed off 2,000 shares at an average price of $38.20 for $76400.0. The insider now directly holds 107,996 shares of Semtech Corp (SMTC).
