Semtech Corp. (NASDAQ:SMTC) has a beta value of 1.74 and has seen 1.56 million shares traded in the last trading session. The company, currently valued at $2.31B, closed the last trade at $35.77 per share which meant it gained $1.07 on the day or 3.08% during that session. The SMTC stock price is -0.08% off its 52-week high price of $35.80 and 63.29% above the 52-week low of $13.13. The 3-month trading volume is 2.19 million shares.

Semtech Corp. (NASDAQ:SMTC) trade information

Sporting 3.08% in the green in last session, the stock has traded in the green over the last five days, when the SMTC stock price touched $35.77 or saw a rise of 0.45%. Year-to-date, Semtech Corp. shares have moved 63.26%, while the 5-day performance has seen it change 15.20%. Over the past 30 days, the shares of Semtech Corp. (NASDAQ:SMTC) have changed 28.39%.

Semtech Corp. (SMTC) estimates and forecasts

Figures show that Semtech Corp. shares have outperformed across the wider relevant industry. The company’s shares have gained 134.10% over the past 6 months, with this year growth rate of 292.86%, compared to -11.80% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -100.00% and 0.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 0.70%.

11 analysts offering their estimates for the company have set an average revenue estimate of $200.15 million for the current quarter. 11 have an estimated revenue figure of $210.16 million for the next quarter concluding in Jul 2024.

Earnings growth for 2024 is a modest 370.08% while over the next 5 years, the company’s earnings are expected to increase by 11.50%.

SMTC Dividends

Semtech Corp. is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.