Semtech Corp (NASDAQ:SMTC) has a beta value of 1.65 and has seen 2.19 million shares traded in the last trading session. The company, currently valued at $5.66B, closed the last trade at $65.73 per share which meant it lost -$2.54 on the day or -3.72% during that session. The SMTC stock price is -6.91% off its 52-week high price of $70.27 and 72.37% above the 52-week low of $18.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.89 million shares traded. The 3-month trading volume is 1.82 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.
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Semtech Corp (NASDAQ:SMTC) trade information
Sporting -3.72% in the red 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 $65.73 or saw a rise of 4.68%. Year-to-date, Semtech Corp shares have moved 200.00%, while the 5-day performance has seen it change 4.50%. Over the past 30 days, the shares of Semtech Corp (NASDAQ:SMTC) have changed 49.05%. Short interest in the company has seen 6.84 million shares shorted with days to cover at 4.78.
Wall Street analysts have a consensus price target for the stock at $61, which means that the shares’ value could drop -7.75% from current levels. The projected low price target is $61.0 while the price target rests at a high of $61.0. In that case, then, we find that the current price level is 7.2% off the targeted high while a plunge would see the stock lose 7.2% 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 122.81% over the past 6 months, with this year growth rate of 450.00%, compared to -4.90% for the industry.
Earnings growth for 2024 is a modest 454.55% 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 January 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 1.26% of the company shares, while shares held by institutions stand at 116.21% with a share float percentage of 117.69%. Investors are also buoyed by the number of investors in a company, with Semtech Corp having a total of 374.0 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 Smallcap World Fund . As of Sep 30, 2024 , the former fund manager holds about 6.30% shares in the company for having 4.77 shares of worth $313.4 million while later fund manager owns 3.33 shares of worth $219.06 million as of Sep 30, 2024 , which makes it owner of about 4.40% of company’s outstanding stock.
