In last trading session, Semtech Corp (NASDAQ:SMTC) saw 2.51 million shares changing hands with its beta currently measuring 1.61. Company’s recent per share price level of $37.89 trading at $0.84 or 2.27% at ring of the bell on the day assigns it a market valuation of $3.27B. That closing price of SMTC’s stock is at a discount of -109.87% from its 52-week high price of $79.52 and is indicating a premium of 48.83% from its 52-week low price of $19.39.
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 0.32 in the current quarter.
Semtech Corp (NASDAQ:SMTC) trade information
Upright in the green during last session for gaining 2.27%, in the last five days SMTC remained trading in the red while hitting it’s week-highest on Wednesday, 02/19/25 when the stock touched $37.89 price level, adding 0.53% to its value on the day. Semtech Corp’s shares saw a change of -38.74% in year-to-date performance and have moved -0.76% in past 5-day. Semtech Corp (NASDAQ:SMTC) showed a performance of -49.48% in past 30-days.
Wall Street analysts have assigned a consensus price target of 68 to the stock, which implies a rise of 44.28% to its current value. 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 drop -60.99% in reaching the projected high whereas dropping to the targeted low would mean a loss of -60.99% for stock’s current value.
Semtech Corp (SMTC) estimates and forecasts
This year revenue growth is estimated to rise 4.47% 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 249.4M for the same. And 12 analysts are in estimates of company making revenue of 251.92M in the next quarter. Company posted 192.95M and 206.1M of sales in current and next quarters respectively a year earlier.
In 2025, company’s earnings growth rate is likely to be around 453.69% while estimates for its earnings growth in next 5 years are of 155.35%.
Semtech Corp (NASDAQ:SMTC)’s Major holders
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.
