Semtech Corp (SMTC) concluded trading on Wednesday at a closing price of $72.51, with 4.27 million shares of worth about $309.38 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 99.59% during that period and on January 15, 2025 the price saw a gain of about 12.45%. Currently the company’s common shares owned by public are about 86.18M shares, out of which, 85.31M shares are available for trading.
Stock saw a price change of 11.30% in past 5 days and over the past one month there was a price change of 12.35%. Year-to-date (YTD), SMTC shares are showing a performance of 17.24% which increased to 280.43% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.16 but also hit the highest price of $70.27 during that period. The average intraday trading volume for Semtech Corp shares is 1.63 million. The stock is currently trading 11.47% above its 20-day simple moving average (SMA20), while that difference is up 22.13% for SMA50 and it goes to 69.93% higher than SMA200.
Semtech Corp (NASDAQ: SMTC) currently have 86.18M outstanding shares and institutions hold larger chunk of about 98.63% of that.
The stock has a current market capitalization of $6.25B and its 3Y-monthly beta is at 1.64. It has posted earnings per share of -$13.05 in the same period. It has Quick Ratio of 1.67. 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 6.55% while standing at 5.14% over the month.
Stock’s fiscal year EPS is expected to rise by 454.55% while it is estimated to increase by 134.19% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Needham on November 26, 2024 offering a Buy rating for the stock and assigned a target price range of between $50 and $70 to it. Coverage by Craig Hallum stated Semtech Corp (SMTC) stock as a Buy in their note to investors on November 26, 2024, suggesting a price target of $70 for the stock. On August 28, 2024, Summit Insights Downgrade their recommendations, while on June 06, 2024, Craig Hallum Reiterated their ratings for the stock with a price target of $48. Stock get a Buy rating from Craig Hallum on April 01, 2024.
