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The closing price of Semtech Corp (NASDAQ: SMTC) was $64.20 for the day, up 1.73% from the previous closing price of $63.11. In other words, the price has increased by $1.73 from its previous closing price. On the day, 2.72 million shares were traded. SMTC stock price reached its highest trading level at $65.084 during the session, while it also had its lowest trading level at $61.4.
Ratios:
Our analysis of SMTC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.67 and its Current Ratio is at 2.37.
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, Needham on November 26, 2024, Reiterated its Buy rating but revised its target price to $70 from $50 previously.
On November 26, 2024, Craig Hallum reiterated its Buy rating and also lowered its target price recommendation from $48 to $70.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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.
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 4829592064 and an Enterprise Value of 5105309184. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.77. Its current Enterprise Value per Revenue stands at 6.262 whereas that against EBITDA is 89.446.
Stock Price History:
Over the past 52 weeks, SMTC has reached a high of $66.64, while it has fallen to a 52-week low of $15.63. The 50-Day Moving Average of the stock is 37.65%, while the 200-Day Moving Average is calculated to be 78.13%.
Shares Statistics:
SMTC traded an average of 1.68M shares per day over the past three months and 2041600 shares per day over the past ten days. A total of 75.23M shares are outstanding, with a floating share count of 74.29M. Insiders hold about 1.24% of the company’s shares, while institutions hold 113.33% stake in the company. Shares short for SMTC as of 1730332800 were 6843861 with a Short Ratio of 3.90, compared to 1727654400 on 7667903. Therefore, it implies a Short% of Shares Outstanding of 6843861 and a Short% of Float of 12.1800005.
