During the last session, Semtech Corp. (NASDAQ:SMTC)’s traded shares were 2.53 million, with the beta value of the company hitting 1.77. At the end of the trading day, the stock’s price was $33.90, reflecting an intraday gain of 3.86% or $1.26. The 52-week high for the SMTC share is $35.80, that puts it down -5.6 from that peak though still a striking 61.27% gain since the share price plummeted to a 52-week low of $13.13. The company’s market capitalization is $2.19B, and the average trade volume was 2.15 million shares over the past three months.
Semtech Corp. (NASDAQ:SMTC) trade information
Semtech Corp. (SMTC) registered a 3.86% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.86% in intraday trading to $33.90, hitting a weekly high. The stock’s 5-day price performance is 3.16%, and it has moved by 52.22% in 30 days. Based on these gigs, the overall price performance for the year is 61.66%.
Semtech Corp. (SMTC) estimates and forecasts
Statistics show that Semtech Corp. has outperformed its competitors in share price, compared to the industry in which it operates. Semtech Corp. (SMTC) shares have gone up 114.29% during the last six months, with a year-to-date growth rate more than the industry average at 292.86% against -11.50. In the rating firms’ projections, revenue will increase 0.70% compared to the previous financial year.
Revenue for the current quarter is expected to be $200.15 million as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to $210.16 million by the end of Jul 2024.
While earnings are projected to return 370.08% in 2024, the next five years will return 11.50% per annum.
SMTC Dividends
Semtech Corp. is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
