Semtech Corp. (NASDAQ: SMTC) closed the day trading at $28.19 down -4.02% from the previous closing price of $29.37. In other words, the price has decreased by -$1.18 from its previous closing price. On the day, 2785546 shares were traded.
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 Dec 15 ’23 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 ’23. The SVP now owns 0 shares after completing the transaction at $25.50 per share. On Sep 18 ’23, 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 1.82B and an Enterprise Value of 3.07B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.09. Its current Enterprise Value per Revenue stands at 3.53 whereas that against EBITDA is -3.56.
Stock Price History:
Over the past 52 weeks, SMTC has reached a high of $30.84, while it has fallen to a 52-week low of $13.13. The 50-Day Moving Average of the stock is 21.96, while the 200-Day Moving Average is calculated to be 22.24.
Shares Statistics:
Over the past 3-months, SMTC traded about 1.44M shares per day on average, while over the past 10 days, SMTC traded about 3.35M shares per day. A total of 64.42M shares are outstanding, with a floating share count of 63.71M. Insiders hold about 1.32% of the company’s shares, while institutions hold 129.73% stake in the company. Shares short for SMTC as of Mar 15, 2024 were 11.81M with a Short Ratio of 8.19, compared to 12.99M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 18.37% and a Short% of Float of 25.27%.
Earnings Estimates
Current recommendations for the stock of the company come from 12 analysts. On average, analysts expect EPS of $0.02 for the current quarter, with a high estimate of $0.16 and a low estimate of -$0.04, while EPS last year was $0.02. The consensus estimate for the next quarter is $0.12, with high estimates of $0.23 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 $0.69. EPS for the following year is $1.61, with 9 analysts recommending between $2.5 and $0.91.
Revenue Estimates
A total of 12 analysts have provided revenue estimates for SMTC’s current fiscal year. The highest revenue estimate was $1.1B, while the lowest revenue estimate was $850M, resulting in an average revenue estimate of $893.21M. In the same quarter a year ago, actual revenue was $868.76M, up 2.80% from the average estimate. Based on 9 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. The average revenue growth estimate for next year is up 15.90% from the average revenue estimate for this year.
