Semtech Corp. (SMTC) concluded trading on Wednesday at a closing price of $41.06, with 2.9 million shares of worth about $118.94 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 30.43% during that period and on October 02, 2024 the price saw a loss of about -2.42%. 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 -13.50% in past 5 days and over the past one month there was a price change of -1.25%. Year-to-date (YTD), SMTC shares are showing a performance of 87.40% which increased to 62.87% 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 $49.53 during that period. The average intraday trading volume for Semtech Corp. shares is 1.71 million. The stock is currently trading -5.38% below its 20-day simple moving average (SMA20), while that difference is up 8.70% for SMA50 and it goes to 33.60% higher than SMA200.
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Semtech Corp. (NASDAQ: SMTC) currently have 75.23M outstanding shares and institutions hold larger chunk of about 109.19% of that.
The stock has a current market capitalization of $3.09B and its 3Y-monthly beta is at 1.55. 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 6.04% while standing at 5.08% 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.
