During the last session, Semtech Corp (NASDAQ:SMTC)’s traded shares were 2.83 million, with the beta value of the company hitting 1.86. At the end of the trading day, the stock’s price was $32.33, reflecting an intraday loss of -12.24% or -$4.51. The 52-week high for the SMTC share is $79.52, that puts it down -145.96 from that peak though still a striking 33.31% gain since the share price plummeted to a 52-week low of $21.56. The company’s market capitalization is $2.79B, and the average trade volume was 2.58 million shares over the past three months.
Semtech Corp (SMTC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.31. SMTC has a Sell rating from 1 analyst(s) out of 14 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 11 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.32.
Semtech Corp (NASDAQ:SMTC) trade information
Semtech Corp (SMTC) registered a -12.24% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -12.24% in intraday trading to $32.33, hitting a weekly high. The stock’s 5-day price performance is -7.79%, and it has moved by -51.18% in 30 days. Based on these gigs, the overall price performance for the year is 48.03%.
The consensus price target of analysts on Wall Street is $75, which implies an increase of 56.89% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $75 and $75 respectively. As a result, SMTC is trading at a discount of -131.98% off the target high and -131.98% off the low.
Semtech Corp (SMTC) estimates and forecasts
In the rating firms’ projections, revenue will increase 4.45% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 249.26M as predicted by 13 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 250.92M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 192.95M and 206.1M respectively. In this case, analysts expect current quarter sales to grow by 29.18% and then jump by 21.74% in the coming quarter.
While earnings are projected to return 452.10% in 2025, the next five years will return 155.64% per annum.
SMTC Dividends
Semtech Corp is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 8.58 million shares, is of VANGUARD GROUP INC’s that is approximately 13.301% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $256.38 million.
