Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, Semtech Corp.’s stock clocked out at $32.07, up 3.29% from its previous closing price of $31.05. In other words, the price has increased by $3.29 from its previous closing price. On the day, 2.48 million shares were traded. SMTC stock price reached its highest trading level at $32.74 during the session, while it also had its lowest trading level at $30.99.
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:
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 2070541824 and an Enterprise Value of 3261379840. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.38. Its current Enterprise Value per Revenue stands at 3.754 whereas that against EBITDA is 72.017.
Stock Price History:
The Beta on a monthly basis for SMTC is 1.75, which has changed by 0.48068666 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. 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. The 50-Day Moving Average of the stock is 27.47%, while the 200-Day Moving Average is calculated to be 40.66%.
Shares Statistics:
It appears that SMTC traded 2.07M shares on average per day over the past three months and 3862330 shares per day over the past ten days. 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 129.81% stake in the company. Shares short for SMTC as of 1711584000 were 10977920 with a Short Ratio of 5.30, compared to 1709164800 on 12814118. Therefore, it implies a Short% of Shares Outstanding of 10977920 and a Short% of Float of 23.35.
Earnings Estimates
The dynamic stock of Semtech Corp. (SMTC) is currently attracting attention from SMTH analysts actively involved in rating its market status.The consensus estimate for the next quarter is $32.07, with high estimates of $62.44 and low estimates of $1.06.
