Semtech Corp. (SMTC) concluded trading on Thursday at a closing price of $46.09, with 3.65 million shares of worth about $168.16 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 105.94% during that period and on September 19, 2024 the price saw a gain of about 4.68%. Currently the company’s common shares owned by public are about 75.23M shares, out of which, 74.30M shares are available for trading.
Stock saw a price change of 13.55% in past 5 days and over the past one month there was a price change of 26.83%. Year-to-date (YTD), SMTC shares are showing a performance of 110.36% which increased to 83.85% 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 1.66 million. The stock is currently trading 14.05% above its 20-day simple moving average (SMA20), while that difference is up 29.12% for SMA50 and it goes to 56.21% higher than SMA200.
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Semtech Corp. (NASDAQ: SMTC) currently have 75.23M outstanding shares and institutions hold larger chunk of about 109.22% of that.
The stock has a current market capitalization of $3.47B and its 3Y-monthly beta is at 1.54. 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 5.36% while standing at 5.33% over the month.
Stock’s fiscal year EPS is expected to rise by 388.31% while it is estimated to increase by 141.89% 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.
