Semtech Corp (NASDAQ:SMTC)’s traded shares stood at 2.38 million during the last session, with the company’s beta value hitting 1.69. At the close of trading, the stock’s price was $38.88, to imply an increase of 5.59% or $2.06 in intraday trading. The SMTC share’s 52-week high remains $79.52, putting it -104.53% down since that peak but still an impressive 49.0% since price per share fell to its 52-week low of $19.83.
Analysts have given a consensus recommendation of Buy for Semtech Corp (SMTC), translating to a mean rating of 1.31. Of 14 analyst(s) looking at the stock, 1 analyst(s) give SMTC a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 11 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.32.
Semtech Corp (NASDAQ:SMTC) trade information
After registering a 5.59% upside in the last session, Semtech Corp (SMTC) has traded red over the past five days. The 5-day price performance for the stock is 2.61%, and -32.18% over 30 days. With these gigs, the year-to-date price performance is -37.14%.
The extremes give us $61 and $75 for target low and target high price respectively. As such, SMTC has been trading -92.9% off suggested target high and -56.89% from its likely low.
Semtech Corp (SMTC) estimates and forecasts
The rating firms project that company’s revenue will grow 4.47% compared to the previous financial year.
Revenue forecast for the current quarter as set by 13 analysts is 249.4M. Meanwhile, for the current quarter, a total of 12 analyst(s) estimate revenue growth to 251.92M.Earnings reports from the last fiscal year show that sales brought in 192.95M and 206.1M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 29.26% before jumping 22.23% in the following quarter.
SMTC Dividends
Semtech Corp has its next earnings report out in March. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Semtech Corp (NASDAQ:SMTC)’s Major holders
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 8.58 million shares, or about 13.301% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $256.38 million.
We also have iShares Core S&P Smallcap ETF and Smallcap World Fund as the top two Mutual Funds with the largest holdings of the Semtech Corp (SMTC) shares. Going by data provided on Nov 30, 2024, iShares Core S&P Smallcap ETF holds roughly 4.86 shares. This is just over 6.42% of the total shares, with a market valuation of $188.89 million. Data from the same date shows that the other fund manager holds a little less at 3.33, or 4.40% of the shares, all valued at about 129.57 million.
