In the last trading session, 2.13 million shares of the Semtech Corp (NASDAQ:SMTC) were traded, and its beta was 1.87. Most recently the company’s share price was $36.05, and it changed around $0.47 or 1.32% from the last close, which brings the market valuation of the company to $3.11B. SMTC currently trades at a discount to its 52-week high of $79.52, offering almost -120.58% off that amount. The share price’s 52-week low was $21.48, which indicates that the current value has risen by an impressive 40.42% since then.
Semtech Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.31. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 2 recommended SMTC as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Semtech Corp is expected to report earnings per share of 0.32 for the current quarter.
Semtech Corp (NASDAQ:SMTC) trade information
Instantly SMTC has showed a green trend with a performance of 1.32% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 39.70 on recent trading dayincreased the stock’s daily price by 9.19%. The company’s shares are currently down -41.71% year-to-date, but still down -2.09% over the last five days. On the other hand, Semtech Corp (NASDAQ:SMTC) is -46.16% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $75, which translates to bulls needing to increase their stock price by 51.93% from its current value. Analyst projections state that SMTC is forecast to be at a low of $75 and a high of $75.
Semtech Corp (SMTC) estimates and forecasts
The year-over-year growth rate is expected to be 4.47%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 249.4M in revenue for the current quarter. 12 analysts expect Semtech Corp to make 251.22M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 192.95M and 206.1M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 29.26%. Forecasts for the next quarter put sales growth at 21.89%.
Semtech Corp earnings are expected to increase by 453.89% in 2025, but the outlook is positive 154.22% per year for the next five years.
SMTC Dividends
Semtech Corp’s next quarterly earnings report is expected to be released in April.
VANGUARD GROUP INC, with 13.301% or 8.58 million shares worth $256.38 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Smallcap World Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 5.44 shares worth $196.18 million, making up 7.19% of all outstanding shares. On the other hand, Smallcap World Fund held roughly 3.33 shares worth around $120.14 million, which represents about 4.40% of the total shares outstanding.
