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In the latest session, Semtech Corp. (NASDAQ: SMTC) closed at $31.18 down -17.90% from its previous closing price of $37.98. In other words, the price has decreased by -$17.90 from its previous closing price. On the day, 11.91 million shares were traded. SMTC stock price reached its highest trading level at $31.9961 during the session, while it also had its lowest trading level at $27.52.
Ratios:
For a deeper understanding of Semtech Corp.’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 2015892992 and an Enterprise Value of 3267654400. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.40. Its current Enterprise Value per Revenue stands at 3.898 whereas that against EBITDA is 63.205.
Stock Price History:
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 -13.78%, while the 200-Day Moving Average is calculated to be 26.47%.
Shares Statistics:
For the past three months, SMTC has traded an average of 2.49M shares per day and 3150600 over the past ten days. A total of 64.42M shares are outstanding, with a floating share count of 63.73M. Insiders hold about 1.43% of the company’s shares, while institutions hold 126.18% stake in the company. Shares short for SMTC as of 1715731200 were 12209460 with a Short Ratio of 4.90, compared to 1713139200 on 10510717. Therefore, it implies a Short% of Shares Outstanding of 12209460 and a Short% of Float of 26.810000000000002.
Earnings Estimates
The market rating of Semtech Corp. (SMTC) is currently shaped by the ongoing analysis conducted by 11.0 analysts closely monitoring its performance.On average, analysts expect EPS of $0.09 for the current quarter, with a high estimate of $0.12 and a low estimate of $0.07, while EPS last year was $0.11. The consensus estimate for the next quarter is $0.21, with high estimates of $0.37 and low estimates of $0.16.
Analysts are recommending an EPS of between $1.15 and $0.51 for the fiscal current year, implying an average EPS of $0.65. EPS for the following year is $1.65, with 10.0 analysts recommending between $2.5 and $1.22.
Revenue Estimates
For the next quarter, 11 analysts are estimating revenue of $227.68M. There is a high estimate of $235.2M for the next quarter, whereas the lowest estimate is $220M.
A total of 11 analysts have provided revenue estimates for SMTC’s current fiscal year. The highest revenue estimate was $926.79M, while the lowest revenue estimate was $860.6M, resulting in an average revenue estimate of $883.93M. In the same quarter a year ago, actual revenue was $868.76MBased on 10 analysts’ estimates, the company’s revenue will be $1.07B in the next fiscal year. The high estimate is $1.3B and the low estimate is $997.2M.
