In last trading session, Semtech Corp. (NASDAQ:SMTC) saw 2.25 million shares changing hands with its beta currently measuring 1.70. Company’s recent per share price level of $37.64 trading at $0.02 or 0.05% at ring of the bell on the day assigns it a market valuation of $2.43B. That closing price of SMTC’s stock is at a discount of -2.15% from its 52-week high price of $38.45 and is indicating a premium of 65.12% from its 52-week low price of $13.13. Taking a look at company’s average trading volume volume of 2.27 million if we extend that period to 3-months.
Semtech Corp. (NASDAQ:SMTC) trade information
Upright in the green during last session for gaining 0.05%, in the last five days SMTC remained trading in the green while hitting it’s week-highest on Wednesday, 05/01/24 when the stock touched $37.64 price level, adding 3.71% to its value on the day. Semtech Corp.’s shares saw a change of 71.79% in year-to-date performance and have moved 11.03% in past 5-day. Semtech Corp. (NASDAQ:SMTC) showed a performance of 33.52% in past 30-days.
Semtech Corp. (SMTC) estimates and forecasts
Statistics highlight that Semtech Corp. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 174.95% of value to its shares in past 6 months, showing an annual growth rate of 292.86% while that of industry is -12.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 0.70% from the last financial year’s standing.
11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $200.15 million for the same. And 11 analysts are in estimates of company making revenue of $210.16 million in the next quarter that will end on Jul 2024. Company posted -$ and -$ of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 370.08% while estimates for its earnings growth in next 5 years are of 11.50%.
SMTC Dividends
Semtech Corp. is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
