As of close of business last night, Semtech Corp.’s stock clocked out at $32.39, down -0.77% from its previous closing price of $32.64. On the day, 6217957 shares were traded.
Ratios:
To gain a deeper understanding of SMTC’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 2.41.
Stock Price History:
Over the past 52 weeks, SMTC has reached a high of $35.80, while it has fallen to a 52-week low of $13.13.
Shares Statistics:
A total of 64.42M shares are outstanding, with a floating share count of 63.70M. Insiders hold about 1.33% of the company’s shares, while institutions hold 129.84% stake in the company.
Earnings Estimates
As of right now, Semtech Corporation analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $25.18, with high estimates of $1.17 and low estimates of $1.57.
