Currently, there are 75.23M common shares owned by the public and among those 74.29M shares have been available to trade.
The company’s stock has a 5-day price change of 33.59% and 48.74% over the past three months. SMTC shares are trading 188.04% year to date (YTD), with the 12-month market performance up to 285.29% higher. It has a 12-month low price of $15.63 and touched a high of $53.74 over the same period. SMTC has an average intraday trading volume of 1.59 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 28.98%, 36.49%, and 76.20% respectively.
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Institutional ownership of Semtech Corp (NASDAQ: SMTC) shares accounts for 113.33% of the company’s 75.23M shares outstanding.
It has a market capitalization of $4.75B and a beta (3y monthly) value of 1.58. The earnings-per-share (ttm) stands at -$13.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.39% over the week and 6.09% over the month.
Earnings per share for the fiscal year are expected to increase by 448.05%, and 130.09% over the next financial year.
Looking at the support for the SMTC, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on Nov-27-24, with the firm’s price target at $50-$70. Craig Hallum coverage for the Semtech Corp (SMTC) stock in a research note released on November 27, 2024 offered a Buy rating with a price target of $70. Summit Insights was of a view on August 28, 2024 that the stock is Hold, while Craig Hallum gave the stock Buy rating on June 06, 2024, issuing a price target of $36- $48. Craig Hallum on their part issued Buy rating on April 01, 2024.
