In the latest trading session, 0.6 million Semtech Corp (NASDAQ:SMTC) shares changed hands as the company’s beta touched 1.86. With the company’s most recent per share price at $28.94 changing hands around $0.63 or 2.23% at last look, the market valuation stands at $2.50B. SMTC’s current price is a discount, trading about -174.78% off its 52-week high of $79.52. The share price had its 52-week low at $25.17, which suggests the last value was 13.03% up since then. When we look at Semtech Corp’s average trading volume, we note the 10-day average is 2.52 million shares, with the 3-month average coming to 2.94 million.
Analysts gave the Semtech Corp (SMTC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.43. 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 0.37.
Semtech Corp (NASDAQ:SMTC) trade information
Instantly SMTC is in green as seen in intraday trades today. With action -16.98%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -53.21%, with the 5-day performance at -16.98% in the red. However, in the 30-day time frame, Semtech Corp (NASDAQ:SMTC) is -7.95% down. Looking at the short shares, we see there were 6.42 million shares sold at short interest cover period of 2.29 days.
The consensus price target for the stock as assigned by Wall Street analysts is 60, meaning bulls need an upside of 51.77% from its recent market value. According to analyst projections, SMTC’s forecast low is 30 with 60 as the target high. To hit the forecast high, the stock’s price needs a -107.33% plunge from its current level, while the stock would need to soar -3.66% for it to hit the projected low.
Semtech Corp (SMTC) estimates and forecasts
Year-over-year growth is forecast to reach 13.94% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 250.09M. 12 analysts are of the opinion that Semtech Corp’s revenue for the current quarter will be 256.01M. The company’s revenue for the corresponding quarters a year ago was 206.1M and 215.35M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 21.34%. The estimates for the next quarter sales put growth at 18.88%.
The 2025 estimates are for Semtech Corp earnings to increase by 90.00%, but the outlook for the next 5-year period is at 49.74% per year.
Semtech Corp (NASDAQ:SMTC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.10% of Semtech Corp shares while 113.04% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 114.30%. There are 113.04% institutions holding the Semtech Corp stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 15.6087% of the shares, roughly 10.19 million SMTC shares worth $304.46 million.
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 Feb 28, 2025 were iShares Trust-iShares Core S&P Small-Cap ETF and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund. With 5.38 shares estimated at $154.06 million under it, the former controlled 6.22% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held about 3.08% of the shares, roughly 2.67 shares worth around $76.44 million.
