Let’s Dive Into The Semtech Corp. (NASDAQ: SMTC) Stock Forecast.

In the latest trading session,, 0.69 million Semtech Corp. (NASDAQ:SMTC) shares changed hands as the company’s beta touched 1.79. With the company’s most recent per share price at $32.47 changed hands at -$0.17 or -0.54% at last look, the market valuation stands at $2.10B. SMTC’s current price is a discount, trading about -10.26% off its 52-week high of $35.80. The share price had its 52-week low at $13.13, which suggests the last value was 59.56% up since then. When we look at Semtech Corp.’s average trading volume, we note the 3-month average coming to 1.95 million.

Semtech Corp. (NASDAQ:SMTC) trade information

Instantly SMTC was in red as seen in intraday trades today. With action -4.12%, the performance over the past five days has been red. The drop to weekly highs of 35.65 subtracted -0.54% to the stock’s daily price. The company’s shares are showing year-to-date upside of 48.17%, with the 5-day performance at -4.12% in the red. However, in the 30-day time frame, Semtech Corp. (NASDAQ:SMTC) is 44.67% up. Looking at the short shares, we see there were N/A shares sold at short interest cover period of N/A days.

Semtech Corp. (SMTC) estimates and forecasts

Data shows that the Semtech Corp. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 38.62% over the past 6 months, a 292.86% in annual growth rate that is considerably higher than the industry average of -11.40%. The 2024 estimates are for Semtech Corp. earnings to increase by 370.08%, but the outlook for the next 5-year period is at 11.50% per year.