The closing price of Semtech Corp. (NASDAQ: SMTC) was $22.30 for the day, up 5.19% from the previous closing price of $21.20. In other words, the price has increased by $+1.10 from its previous closing price. On the day, 1677977 shares were traded. SMTC stock price reached its highest trading level at $22.34 during the session, while it also had its lowest trading level at $21.07.
Ratios:
Our analysis of SMTC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.72 and its Current Ratio is at 2.40. In the meantime, Its Debt-to-Equity ratio is 4.20 whereas as Long-Term Debt/Eq ratio is at 4.18.
On September 14, 2023, Susquehanna Upgraded its rating to Positive which previously was Neutral but kept the price unchanged to $30.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 15 when Summers Sylvia sold 16,000 shares for $22.39 per share. The transaction valued at 358,304 led to the insider holds 13,008 shares of the business.
Rodensky Michael W sold 18,227 shares of SMTC for $464,788 on Sep 28. The SVP now owns 0 shares after completing the transaction at $25.50 per share. On Sep 18, another insider, Walsh Paul V Jr, who serves as the Director of the company, bought 20,000 shares for $24.83 each. As a result, the insider paid 496,520 and bolstered with 20,888 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 1.43B and an Enterprise Value of 2.68B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.70 while its Price-to-Book (P/B) ratio in mrq is 4.29. Its current Enterprise Value per Revenue stands at 3.18 whereas that against EBITDA is -9.21.
Stock Price History:
Over the past 52 weeks, SMTC has reached a high of $33.15, while it has fallen to a 52-week low of $13.13. The 50-Day Moving Average of the stock is 20.70, while the 200-Day Moving Average is calculated to be 22.03.
Shares Statistics:
SMTC traded an average of 1.49M shares per day over the past three months and 1.03M shares per day over the past ten days. A total of 63.87M shares are outstanding, with a floating share count of 63.48M. Insiders hold about 1.26% of the company’s shares, while institutions hold 130.30% stake in the company. Shares short for SMTC as of Feb 15, 2024 were 12.99M with a Short Ratio of 8.72, compared to 12.9M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 20.21% and a Short% of Float of 27.80%.
Earnings Estimates
The firm’s stock currently is rated by 12 analysts. On average, analysts expect EPS of -$0.03 for the current quarter, with a high estimate of $0.18 and a low estimate of -$0.05, while EPS last year was $0.47. The consensus estimate for the next quarter is $0.02, with high estimates of $0.16 and low estimates of -$0.04.
Analysts are recommending an EPS of between $0.33 and $0.1 for the fiscal current year, implying an average EPS of $0.13. EPS for the following year is $0.68, with 12 analysts recommending between $1.15 and $0.37.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 12 analysts. It ranges from a high estimate of $259.6M to a low estimate of $190M. As of the current estimate, Semtech Corp.’s year-ago sales were $167.51M, an estimated increase of 17.30% from the year-ago figure.
A total of 12 analysts have provided revenue estimates for SMTC’s current fiscal year. The highest revenue estimate was $981.9M, while the lowest revenue estimate was $865.8M, resulting in an average revenue estimate of $876.15M. In the same quarter a year ago, actual revenue was $756.53M, up 15.80% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $883.78M in the next fiscal year. The high estimate is $1.1B and the low estimate is $826.1M. The average revenue growth estimate for next year is up 0.90% from the average revenue estimate for this year.
