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The price of Semtech Corp. (NASDAQ: SMTC) closed at $47.60 in the last session, up 2.99% from day before closing price of $46.22. In other words, the price has increased by $2.99 from its previous closing price. On the day, 1.33 million shares were traded. SMTC stock price reached its highest trading level at $47.81 during the session, while it also had its lowest trading level at $46.33.
Ratios:
We take a closer look at SMTC’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.72 and its Current Ratio is at 2.41.
On June 06, 2024, Craig Hallum reiterated its Buy rating and also lowered its target price recommendation from $36 to $48.
Craig Hallum reiterated its Buy rating for the stock on April 01, 2024, while the target price for the stock was revised from $30 to $36.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 08 ’24 when Lin Mark bought 1,000 shares for $33.23 per share. The transaction valued at 33,232 led to the insider holds 1,000 shares of the business.
Summers Sylvia sold 16,000 shares of SMTC for $358,304 on Dec 15 ’23. The Board of Directors now owns 13,008 shares after completing the transaction at $22.39 per share. On Sep 28 ’23, another insider, Rodensky Michael W, who serves as the SVP of the company, sold 18,227 shares for $25.50 each. As a result, the insider received 464,788 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SMTC now has a Market Capitalization of 3580819200 and an Enterprise Value of 4665981440. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.39. Its current Enterprise Value per Revenue stands at 5.723 whereas that against EBITDA is 81.749.
Stock Price History:
Over the past 52 weeks, SMTC has reached a high of $47.49, while it has fallen to a 52-week low of $13.13. The 50-Day Moving Average of the stock is 31.12%, while the 200-Day Moving Average is calculated to be 58.96%.
Shares Statistics:
According to the various share statistics, SMTC traded on average about 1.75M shares per day over the past 3-months and 1988090 shares per day over the past 10 days. A total of 75.23M shares are outstanding, with a floating share count of 74.30M. Insiders hold about 1.24% of the company’s shares, while institutions hold 109.16% stake in the company. Shares short for SMTC as of 1724976000 were 7729469 with a Short Ratio of 4.41, compared to 1722384000 on 7216414. Therefore, it implies a Short% of Shares Outstanding of 7729469 and a Short% of Float of 13.76.
