Semtech Corp. (NASDAQ:SMTC) has a beta value of 1.54 and has seen 1.34 million shares traded in the last trading session. The company, currently valued at $3.41B, closed the last trade at $45.38 per share which meant it gained $1.38 on the day or 3.14% during that session. The SMTC stock price is -9.14% off its 52-week high price of $49.53 and 71.07% above the 52-week low of $13.13. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.82 million shares traded. The 3-month trading volume is 1.78 million shares.

The consensus among analysts is that Semtech Corp. (SMTC) is Buy stock at the moment, with a recommendation rating of 1.33. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 14 have rated it as a Hold, with 11 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.23.

Semtech Corp. (NASDAQ:SMTC) trade information

Sporting 3.14% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SMTC stock price touched $45.38 or saw a rise of 0.59%. Year-to-date, Semtech Corp. shares have moved 107.12%, while the 5-day performance has seen it change 4.66%. Over the past 30 days, the shares of Semtech Corp. (NASDAQ:SMTC) have changed 9.01%. Short interest in the company has seen 7.67 million shares shorted with days to cover at 4.44.

Wall Street analysts have a consensus price target for the stock at $50, which means that the shares’ value could jump 9.24% from current levels. The projected low price target is $36.5 while the price target rests at a high of $61.0. In that case, then, we find that the current price level is -34.42% off the targeted high while a plunge would see the stock lose 19.57% from current levels.

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 40.10% over the past 6 months, with this year growth rate of 378.57%, compared to -26.00% for the industry. Revenue growth from the last financial year stood is estimated to be 3.20%.

12 analysts offering their estimates for the company have set an average revenue estimate of 232.9M for the current quarter. 11 have an estimated revenue figure of 242.03M for the next ending quarter.

Earnings growth for 2024 is a modest 388.31% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.

SMTC Dividends

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

Semtech Corp. (NASDAQ:SMTC)’s Major holders

Insiders own 1.25% of the company shares, while shares held by institutions stand at 110.46% with a share float percentage of 111.87%. Investors are also buoyed by the number of investors in a company, with Semtech Corp. having a total of 342.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 10.19 million shares worth more than $304.46 million. As of 2024-06-30, BLACKROCK INC. held 15.7955% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 8.58 million shares as of 2024-06-30. The firm’s total holdings are worth over $256.38 million and represent 13.301% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Columbia Fds Ser Tr II-Columbia Seligman Technology & Information Fund . As of Sep 30, 2024 , the former fund manager holds about 6.33% shares in the company for having 4.76 shares of worth $216.22 million while later fund manager owns 3.21 shares of worth $145.88 million as of May 31, 2024 , which makes it owner of about 4.27% of company’s outstanding stock.