Semtech Corp (NASDAQ:SMTC) has a beta value of 1.93 and has seen 2.5 million shares traded in the last trading session. The company, currently valued at $2.11B, closed the last trade at $24.34 per share which meant it lost -$1.9 on the day or -7.24% during that session. The SMTC stock price is -226.71% off its 52-week high price of $79.52 and -1.56% below the 52-week low of $24.72. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.92 million shares traded. The 3-month trading volume is 3.03 million shares.
The consensus among analysts is that Semtech Corp (SMTC) is Buy stock at the moment, with a recommendation rating of 1.43. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 14 have rated it as a Hold, with 11 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.37.
Semtech Corp (NASDAQ:SMTC) trade information
Sporting -7.24% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SMTC stock price touched $24.34 or saw a rise of 14.02%. Year-to-date, Semtech Corp shares have moved -60.65%, while the 5-day performance has seen it change -8.50%. Over the past 30 days, the shares of Semtech Corp (NASDAQ:SMTC) have changed -40.11%. Short interest in the company has seen 7.37 million shares shorted with days to cover at 2.58.
Wall Street analysts have a consensus price target for the stock at $60, which means that the shares’ value could jump 59.43% from current levels. The projected low price target is $30.0 while the price target rests at a high of $60.0. In that case, then, we find that the current price level is -146.51% off the targeted high while a plunge would see the stock gain -23.25% from current levels.
Semtech Corp (SMTC) estimates and forecasts
The company’s shares have lost -45.94% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 13.94%.
12 analysts offering their estimates for the company have set an average revenue estimate of 250.09M for the current quarter. 12 have an estimated revenue figure of 256.01M for the next ending quarter. Year-ago sales stood 206.1M and 215.35M respectively for this quarter and the next, and analysts expect sales will grow by 21.34% for the current quarter and 13.94% for the next.
Earnings growth for 2025 is a modest 90.00% while over the next 5 years, the company’s earnings are expected to increase by 49.74%.
SMTC Dividends
Semtech Corp is expected to release its next earnings report on 2025-Mar-12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Semtech Corp (NASDAQ:SMTC)’s Major holders
Insiders own 1.10% of the company shares, while shares held by institutions stand at 113.48% with a share float percentage of 114.75%. Investors are also buoyed by the number of investors in a company, with Semtech Corp having a total of 461.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 10.19 million shares worth more than $304.46 million. As of 2024-06-30, BLACKROCK INC. held 15.6087% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 8.58 million shares as of 2024-06-30. The firm’s total holdings are worth over $256.38 million and represent 13.1437% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Trust-iShares Core S&P Small-Cap ETF and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . As of Mar 31, 2025 , the former fund manager holds about 6.16% shares in the company for having 5.33 shares of worth $129.64 million while later fund manager owns 2.67 shares of worth $64.93 million as of Dec 31, 2024 , which makes it owner of about 3.08% of company’s outstanding stock.
