In recent trading session, Semtech Corp (NASDAQ:SMTC) saw 0.37 million shares changing hands at last check today with its beta currently measuring 1.65. Company’s recent per share price level of $67.47 trading at -$0.22 or -0.33% at last check today assigns it a market valuation of $5.81B. That most recent trading price of SMTC’s stock is at a discount of -17.86% from its 52-week high price of $79.52 and is indicating a premium of 72.25% from its 52-week low price of $18.72. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.6 million shares which gives us an average trading volume of 1.91 million if we extend that period to 3-months.
For Semtech Corp (SMTC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.31. Splitting up the data highlights that, out of 14 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 11 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.33 in the current quarter.
Semtech Corp (NASDAQ:SMTC) trade information
Upright in the red during last session for losing -0.33%, in the last five days SMTC remained trading in the red while hitting it’s week-highest on Friday, 01/31/25 when the stock touched $67.47 price level, adding 2.39% to its value on the day. Semtech Corp’s shares saw a change of 9.09% in year-to-date performance and have moved -7.60% in past 5-day. Semtech Corp (NASDAQ:SMTC) showed a performance of 9.35% in past 30-days. Number of shares sold short was 6.84 million shares which calculate 4.78 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 68 to the stock, which implies a rise of 0.78% to its recent value today. Analysts have been projecting 61 as a low price target for the stock while placing it at a high target of 75. It follows that stock’s current price would jump 9.59% in reaching the projected high whereas dropping to the targeted low would mean a gain of 9.59% for stock’s current value.
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 112.70% of value to its shares in past 6 months, showing an annual growth rate of 450.00% while that of industry is -5.10. Apart from that, the company came raising its revenue forecast for fiscal year 2025. This year revenue growth is estimated to rise 4.61% from the last financial year’s standing.
13 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 250.51M for the same. And 12 analysts are in estimates of company making revenue of 256.62M in the next quarter. Company posted 192.95M and 206.1M of sales in current and next quarters respectively a year earlier.
Semtech Corp (NASDAQ:SMTC)’s Major holders
Insiders are in possession of 1.26% of company’s total shares while institution are holding 116.21 percent of that, with stock having share float percentage of 117.69%. Investors also watch the number of corporate investors in a company very closely, which is 116.21% institutions for Semtech Corp that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at SMTC for having 10.19 million shares of worth $304.46 million. And as of 2024-06-30, it was holding 15.7955 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 8.58 million shares on 2024-06-30. The number of shares represents firm’s hold over 13.301 of outstanding shares, having a total worth of $256.38 million.
On the other hand, iShares Core S&P Smallcap ETF and Smallcap World Fund are the top two Mutual Funds which own company’s shares. As of Nov 30, 2024, the former fund manager was holding 4.86 shares of worth $331.65 million or 6.42% of the total outstanding shares. The later fund manager was in possession of 3.33 shares on Sep 30, 2024, making its stake of worth around $227.51 million in the company or a holder of 4.40% of company’s stock.
