Semtech Corp. (NASDAQ: SMTC): The Best-Of-Breed For Investing?

Currently, there are 64.42M common shares owned by the public and among those 63.43M shares have been available to trade.

The company’s stock has a 5-day price change of 28.14% and 32.00% over the past three months. SMTC shares are trading 34.05% year to date (YTD), with the 12-month market performance down to -8.53% lower. It has a 12-month low price of $13.13 and touched a high of $32.44 over the same period. SMTC has an average intraday trading volume of 1.32 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 25.84%, 35.79%, and 32.39% respectively.

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Institutional ownership of Semtech Corp. (NASDAQ: SMTC) shares accounts for 130.28% of the company’s 64.42M shares outstanding.

It has a market capitalization of $1.89B and a beta (3y monthly) value of 1.85. The earnings-per-share (ttm) stands at -$17.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.02% over the week and 5.48% over the month.

Analysts forecast that Semtech Corp. (SMTC) will achieve an EPS of $0.02 for the current quarter, $0.11 for the next quarter and $1.6 for 2026. The lowest estimate earnings-per-share for the quarter is -$0.04 while analysts give the company a high EPS estimate of $0.16. Comparatively, EPS for the current quarter was $0.02 a year ago. Earnings per share for the fiscal year are expected to increase by 370.08%, and 134.61% over the next financial year.

Looking at the support for the SMTC, a number of firms have released research notes about the stock. Craig Hallum stated their Buy rating for the stock in a research note on Apr-02-24, with the firm’s price target at $30-$36. The Benchmark Company coverage for the Semtech Corp. (SMTC) stock in a research note released on October 19, 2023 offered a Buy rating with a price target of $30. The Benchmark Company on their part issued Hold rating on September 14, 2023.

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