Stock Performance Spotlight: Semtech Corp. (SMTC) Ends the Day at 38.18, Down by -1.83

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As of close of business last night, Semtech Corp.’s stock clocked out at $38.18, down -1.83% from its previous closing price of $38.89. In other words, the price has decreased by -$1.83 from its previous closing price. On the day, 1.82 million shares were traded. SMTC stock price reached its highest trading level at $40.5644 during the session, while it also had its lowest trading level at $37.71.


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 2466099712 and an Enterprise Value of 3721715200. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.84. Its current Enterprise Value per Revenue stands at 4.284 whereas that against EBITDA is 82.182.

Stock Price History:

Over the past 52 weeks, SMTC has reached a high of $42.61, while it has fallen to a 52-week low of $13.13. The 50-Day Moving Average of the stock is 9.13%, while the 200-Day Moving Average is calculated to be 56.52%.

Shares Statistics:

It appears that SMTC traded 2.36M shares on average per day over the past three months and 1276620 shares per day over the past ten days. A total of 64.42M shares are outstanding, with a floating share count of 63.67M. Insiders hold about 1.43% of the company’s shares, while institutions hold 126.28% stake in the company. Shares short for SMTC as of 1715731200 were 12209460 with a Short Ratio of 5.17, compared to 1713139200 on 10510717. Therefore, it implies a Short% of Shares Outstanding of 12209460 and a Short% of Float of 26.810000000000002.

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