In the last trading session, 1.77 million shares of the Semtech Corp (NASDAQ:SMTC) were traded, and its beta was 1.82. Most recently the company’s share price was $40.07, and it changed around -$0.27 or -0.67% from the last close, which brings the market valuation of the company to $3.45B. SMTC currently trades at a discount to its 52-week high of $79.52, offering almost -98.45% off that amount. The share price’s 52-week low was $22.13, which indicates that the current value has risen by an impressive 44.77% since then. We note from Semtech Corp’s average daily trading volume that its 10-day average is 3.25 million shares, with the 3-month average coming to 2.76 million.
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 0.37 for the current quarter.
Semtech Corp (NASDAQ:SMTC) trade information
Instantly SMTC has showed a red trend with a performance of -0.67% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 42.34 on recent trading dayincreased the stock’s daily price by 5.36%. The company’s shares are currently down -35.21% year-to-date, but still up 3.67% over the last five days. On the other hand, Semtech Corp (NASDAQ:SMTC) is 9.27% up in the 30-day period. We can see from the shorts that 7.04 million shares have been sold at a short interest cover period of 2.06 day(s).
The consensus price target as assigned by Wall Street analysts is $60, which translates to bulls needing to increase their stock price by 33.22% from its current value. Analyst projections state that SMTC is forecast to be at a low of $60 and a high of $60.
Semtech Corp (SMTC) estimates and forecasts
The year-over-year growth rate is expected to be 14.15%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of 250.09M in revenue for the current quarter. 12 analysts expect Semtech Corp to make 256.01M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 206.1M and 215.35M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 21.34%. Forecasts for the next quarter put sales growth at 18.88%.
Semtech Corp earnings are expected to increase by 91.34% in 2025, but the outlook is positive 62.26% per year for the next five years.
SMTC Dividends
Semtech Corp’s next quarterly earnings report is expected to be released on 2025-Mar-12.
Semtech Corp (NASDAQ:SMTC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.18% of Semtech Corp shares, and 115.00% of them are in the hands of institutional investors. The stock currently has a share float of 116.37%. Semtech Corp stock is held by 472.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 15.6087% of the shares, which is about 10.19 million shares worth $304.46 million.
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 Small-Cap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Feb 28, 2025 . The former held 5.38 shares worth $215.44 million, making up 7.10% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 2.67 shares worth around $106.89 million, which represents about 3.52% of the total shares outstanding.
