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After finishing at $36.33 in the prior trading day, Semtech Corp. (NASDAQ: SMTC) closed at $33.04, down -9.06%. In other words, the price has decreased by -$9.06 from its previous closing price. On the day, 2.19 million shares were traded. SMTC stock price reached its highest trading level at $35.065 during the session, while it also had its lowest trading level at $32.5.
Ratios:
Our goal is to gain a better understanding of SMTC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.74 and its Current Ratio is at 2.40.
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 June 06, 2024, Reiterated its Buy rating but revised its target price to $48 from $36 previously.
On April 01, 2024, Craig Hallum reiterated its Buy rating and also lowered its target price recommendation from $30 to $36.
The Benchmark Company Upgraded its Hold to Buy on October 19, 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 2349570048 and an Enterprise Value of 3387909632. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.55. Its current Enterprise Value per Revenue stands at 4.041 whereas that against EBITDA is 65.531.
Stock Price History:
The Beta on a monthly basis for SMTC is 1.58, which has changed by 0.20320463 over the last 52 weeks, in comparison to a change of 0.23228896 over the same period for the S&P500. Over the past 52 weeks, SMTC has reached a high of $46.86, while it has fallen to a 52-week low of $13.13. The 50-Day Moving Average of the stock is -6.97%, while the 200-Day Moving Average is calculated to be 29.44%.
Shares Statistics:
The stock has traded on average 2.02M shares per day over the past 3-months and 1553950 shares per day over the last 10 days, according to various share statistics. A total of 64.42M shares are outstanding, with a floating share count of 63.72M. Insiders hold about 1.44% of the company’s shares, while institutions hold 125.66% stake in the company. Shares short for SMTC as of 1719532800 were 11964369 with a Short Ratio of 5.93, compared to 1717113600 on 11881813. Therefore, it implies a Short% of Shares Outstanding of 11964369 and a Short% of Float of 26.240000000000002.
