Currently, there are 86.18M common shares owned by the public and among those 85.30M shares have been available to trade.
The company’s stock has a 5-day price change of -42.34% and -24.52% over the past three months. SMTC shares are trading -38.27% year to date (YTD), with the 12-month market performance up to 88.45% higher. It has a 12-month low price of $19.12 and touched a high of $79.52 over the same period. SMTC has an average intraday trading volume of 2.38 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 -40.50%, -40.85%, and -16.06% respectively.
Institutional ownership of Semtech Corp (NASDAQ: SMTC) shares accounts for 100.21% of the company’s 86.18M shares outstanding.
It has a market capitalization of $3.29B and a beta (3y monthly) value of 1.64. 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 10.07% over the week and 7.83% over the month.
Analysts forecast that Semtech Corp (SMTC) will achieve an EPS of 0.32 for the current quarter, 0.34 for the next quarter and 1.68 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.25 while analysts give the company a high EPS estimate of 0.25. Comparatively, EPS for the current quarter was -0.06 a year ago. Earnings per share for the fiscal year are expected to increase by 453.69%, and 117.36% over the next financial year.
Looking at the support for the SMTC, a number of firms have released research notes about the stock. UBS stated their Buy rating for the stock in a research note on January 17, 2025, with the firm’s price target at $85. Needham coverage for the Semtech Corp (SMTC) stock in a research note released on November 26, 2024 offered a Buy rating with a price target of $70. Craig Hallum on their part issued Buy rating on June 06, 2024.
