In the last trading session, 1.53 million Semtech Corp (NASDAQ:SMTC) shares changed hands as the company’s beta touched 1.68. With the company’s per share price at $36.82 changed hands at $0.15 or 0.41% during last session, the market valuation stood at $3.17B. SMTC’s last price was a discount, traded about -115.97% off its 52-week high of $79.52. The share price had its 52-week low at $19.83, which suggests the last value was 46.14% up since then.
Analysts gave the Semtech Corp (SMTC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.31. If we narrow down to specifics, the data shows that 1 out of 14 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended SMTC as a Hold, 11 felt it is a Buy and 0 rated the stock as Underweight. Semtech Corp’s EPS for the current quarter is expected to be 0.32.
Semtech Corp (NASDAQ:SMTC) trade information
Instantly SMTC was in green as seen at the end of in last trading. With action -0.62%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -40.47%, with the 5-day performance at -0.62% in the red. However, in the 30-day time frame, Semtech Corp (NASDAQ:SMTC) is -49.58% down.
The consensus price target for the stock as assigned by Wall Street analysts is 68, meaning bulls need an upside of 45.85% from its current market value. According to analyst projections, SMTC’s forecast low is 61 with 75 as the target high. To hit the forecast high, the stock’s price needs a -103.69% plunge from its current level, while the stock would need to soar -65.67% for it to hit the projected low.
Semtech Corp (SMTC) estimates and forecasts
Year-over-year growth is forecast to reach 4.47% up from the last financial year.
Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of 249.4M. 12 analysts are of the opinion that Semtech Corp’s revenue for the current quarter will be 251.92M. The company’s revenue for the corresponding quarters a year ago was 192.95M and 206.1M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 29.26%. The estimates for the next quarter sales put growth at 22.23%.
The 2025 estimates are for Semtech Corp earnings to increase by 453.69%, but the outlook for the next 5-year period is at 155.35% per year.
SMTC Dividends
Semtech Corp is expected to release its next quarterly earnings report in March.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 13.301% or 8.58 million shares worth $256.38 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were iShares Core S&P Smallcap ETF and Smallcap World Fund . With 4.86 shares estimated at $178.88 million under it, the former controlled 6.42% of total outstanding shares. On the other hand, Smallcap World Fund held about 4.40% of the shares, roughly 3.33 shares worth around $122.71 million.
