Ratios Reveal: Breaking Down Semtech Corp. (SMTC)’s Financial Health

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Semtech Corp. (NASDAQ: SMTC) closed the day trading at $39.96 up 1.42% from the previous closing price of $39.40. In other words, the price has increased by $1.42 from its previous closing price. On the day, 1.17 million shares were traded. SMTC stock price reached its highest trading level at $40.36 during the session, while it also had its lowest trading level at $38.53.

Ratios:

For a better understanding of SMTC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.79 and its Current Ratio is at 2.46.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Craig Hallum on April 01, 2024, Reiterated its Buy rating but revised its target price to $36 from $30 previously.

On October 19, 2023, The Benchmark Company Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $30.

Susquehanna Upgraded its Neutral to Positive on September 14, 2023, while the target price for the stock was maintained at $30.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 2581072384 and an Enterprise Value of 3836637696. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.97. Its current Enterprise Value per Revenue stands at 4.416 whereas that against EBITDA is 84.72.

Stock Price History:

The Beta on a monthly basis for SMTC is 1.63, which has changed by 0.86120164 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, SMTC has reached a high of $41.36, while it has fallen to a 52-week low of $13.13. The 50-Day Moving Average of the stock is 29.39%, while the 200-Day Moving Average is calculated to be 69.22%.

Shares Statistics:

Over the past 3-months, SMTC traded about 2.37M shares per day on average, while over the past 10 days, SMTC traded about 1383420 shares per day. A total of 64.42M shares are outstanding, with a floating share count of 63.73M. Insiders hold about 1.33% of the company’s shares, while institutions hold 131.09% stake in the company. Shares short for SMTC as of 1714435200 were 11558861 with a Short Ratio of 4.88, compared to 1711584000 on 10977920. Therefore, it implies a Short% of Shares Outstanding of 11558861 and a Short% of Float of 25.380000000000003.

Earnings Estimates

A comprehensive evaluation of Semtech Corp. (SMTC) is underway, with the input of 11.0 analysts contributing to its current rating.On average, analysts expect EPS of $0.0 for the current quarter, with a high estimate of $0.02 and a low estimate of $0.0, while EPS last year was $0.02. The consensus estimate for the next quarter is $0.11, with high estimates of $0.21 and low estimates of $0.04.

Analysts are recommending an EPS of between $1.15 and $0.34 for the fiscal current year, implying an average EPS of $0.63. EPS for the following year is $1.54, with 10.0 analysts recommending between $2.5 and $0.91.

Revenue Estimates

For the next quarter, 11 analysts are estimating revenue of $210.16M. There is a high estimate of $218.5M for the next quarter, whereas the lowest estimate is $205M.

A total of 11 analysts have provided revenue estimates for SMTC’s current fiscal year. The highest revenue estimate was $909M, while the lowest revenue estimate was $853.88M, resulting in an average revenue estimate of $874.98M. In the same quarter a year ago, actual revenue was $868.76MBased on 10 analysts’ estimates, the company’s revenue will be $1.03B in the next fiscal year. The high estimate is $1.28B and the low estimate is $956.4M.

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