During the last session, Semtech Corp (NASDAQ:SMTC)’s traded shares were 1.31 million, with the beta value of the company hitting 1.67. At the end of the trading day, the stock’s price was $75.91, reflecting an intraday loss of -0.11% or -$0.09. The 52-week high for the SMTC share is $79.52, that puts it down -4.76 from that peak though still a striking 75.34% gain since the share price plummeted to a 52-week low of $18.72. The company’s market capitalization is $6.54B, and the average intraday trading volume over the past 10 days was 1.97 million shares, and the average trade volume was 1.77 million shares over the past three months.
Semtech Corp (SMTC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.31. SMTC has a Sell rating from 1 analyst(s) out of 14 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 11 recommend a Buy rating for it.
Semtech Corp (NASDAQ:SMTC) trade information
Semtech Corp (SMTC) registered a -0.11% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.11% in intraday trading to $75.91, hitting a weekly high. The stock’s 5-day price performance is 4.69%, and it has moved by 19.39% in 30 days. Based on these gigs, the overall price performance for the year is 244.42%. The short interest in Semtech Corp (NASDAQ:SMTC) is 6.84 million shares and it means that shorts have 4.78 day(s) to cover.
The consensus price target of analysts on Wall Street is $68, which implies a decrease of -11.63% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $61 and $75 respectively. As a result, SMTC is trading at a premium of 1.2% off the target high and 19.64% off the low.
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 127.21% during the last six months, with a year-to-date growth rate more than the industry average at 450.00% against -5.00.
While earnings are projected to return 459.64% in 2025, the next five years will return 20.00% per annum.
SMTC Dividends
Semtech Corp is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Semtech Corp (NASDAQ:SMTC)’s Major holders
Semtech Corp insiders own 1.26% of total outstanding shares while institutional holders control 116.21%, with the float percentage being 117.69%. BLACKROCK INC. is the largest shareholder of the company, while 374.0 institutions own stock in it. As of 2024-06-30, the company held over 10.19 million shares (or 15.7955% of all shares), a total value of $304.46 million in shares.
The next largest institutional holding, with 8.58 million shares, is of VANGUARD GROUP INC’s that is approximately 13.301% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $256.38 million.
