Semtech Corp (SMTC) concluded trading on Wednesday at a closing price of $41.61, with 3.18 million shares of worth about $132.43 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.87% during that period and on Wednesday the price saw a gain of about 7.66%. Currently the company’s common shares owned by public are about 86.18M shares, out of which, 85.19M shares are available for trading.
Stock saw a price change of 22.92% in past 5 days and over the past one month there was a price change of 12.31%. Year-to-date (YTD), SMTC shares are showing a performance of -32.72% which increased to 82.10% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $21.56 but also hit the highest price of $79.52 during that period. The average intraday trading volume for Semtech Corp shares is 2.69 million. The stock is currently trading 14.75% above its 20-day simple moving average (SMA20), while that difference is down -17.64% for SMA50 and it goes to -7.84% lower than SMA200.
Semtech Corp (NASDAQ: SMTC) currently have 86.18M outstanding shares and institutions hold larger chunk of about 111.71% of that.
The stock has a current market capitalization of $3.59B and its 3Y-monthly beta is at 1.80. It has posted earnings per share of -$2.64 in the same period. It has Quick Ratio of 1.49 while making debt-to-equity ratio of 1.02. 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 7.55% while standing at 7.67% over the month.
Stock’s fiscal year EPS is expected to rise by 91.34% while it is estimated to increase by 32.08% 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 Craig Hallum on March 14, 2025 offering a Buy rating for the stock and assigned a target price range of between $70 and $55 to it. Coverage by UBS stated Semtech Corp (SMTC) stock as a Buy in their note to investors on January 17, 2025, suggesting a price target of $85 for the stock. On November 26, 2024, Needham Reiterated their recommendations, while on November 26, 2024, Craig Hallum Reiterated their ratings for the stock with a price target of $70. Stock get a Hold rating from Summit Insights on August 28, 2024.
