Semtech Corp. (SMTC) concluded trading on Wednesday at a closing price of $42.43, with 5.79 million shares of worth about $245.74 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 106.77% during that period and on August 28, 2024 the price saw a gain of about 11.19%. Currently the company’s common shares owned by public are about 64.42M shares, out of which, 63.72M shares are available for trading.
Stock saw a price change of 16.44% in past 5 days and over the past one month there was a price change of 40.68%. Year-to-date (YTD), SMTC shares are showing a performance of 93.66% which increased to 63.19% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.13 but also hit the highest price of $46.86 during that period. The average intraday trading volume for Semtech Corp. shares is 1.93 million. The stock is currently trading 28.15% above its 20-day simple moving average (SMA20), while that difference is up 30.60% for SMA50 and it goes to 53.99% higher than SMA200.
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Semtech Corp. (NASDAQ: SMTC) currently have 64.42M outstanding shares and institutions hold larger chunk of about 127.09% of that.
The stock has a current market capitalization of $2.74B and its 3Y-monthly beta is at 1.53. It has posted earnings per share of -$13.54 in the same period. It has Quick Ratio of 1.72. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SMTC, volatility over the week remained 6.42% while standing at 5.79% over the month.
Analysts are in expectations that Semtech Corp. (SMTC) stock would likely to be making an EPS of 0.21 in the current quarter, while forecast for next quarter EPS is 0.29 and it is 1.63 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.16 which is 0.37 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.02 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 417.53% while it is estimated to increase by 127.60% in next year.
Coverage by Craig Hallum stated Semtech Corp. (SMTC) stock as a Buy in their note to investors on June 06, 2024, suggesting a price target of $48 for the stock. On April 01, 2024, Craig Hallum Reiterated their recommendations, while on October 19, 2023, The Benchmark Company Upgrade their ratings for the stock with a price target of $30. Stock get a Positive rating from Susquehanna on September 14, 2023.
