Semtech Corp (NASDAQ:SMTC) price on current trading day, rose 7.66% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $41.61.
A look at the stock’s price movement, the close in the last trading session was $38.65, moving within a range at $38.7 and $42.34. The beta value (5-Year monthly) was 1.69. Turning to its 52-week performance, $79.52 and $21.56 were the 52-week high and 52-week low respectively. Overall, SMTC moved 12.31% over the past month.
Semtech Corp’s market cap currently stands at around $3.59 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-12.
Analysts have a consensus estimate of 250.09M for the company’s revenue for the quarter, with a low and high estimate of 249.1M and 251.61M respectively. The average forecast suggests up to a 21.34% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.04B, representing a 14.15% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SMTC is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
14 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 11 recommend SMTC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SMTC’s current price about 14.75% and -17.64% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.15, while 7-day volatility ratio is 7.55% and 7.67% in the 30-day chart. Further, Semtech Corp (SMTC) has a beta value of 1.80, and an average true range (ATR) of 3.35. Analysts have given the company’s stock an average 52-week price target of $60, forecast between a low of $60 and high of $60. Looking at the price targets, the low is -44.2% off current price level while to achieve the yearly target high, price needs to move -44.2%. Nonetheless, investors will most likely welcome a -44.2% jump to $60 which is the analysts’ median price.
If we refocus on Semtech Corp (NASDAQ:SMTC), historical trading data shows that trading volumes averaged 3.6 over the past 10 days and 2.69 million over the past 3 months. The company’s latest data on shares outstanding shows there are 86.18 million shares.
The 1.14% of Semtech Corp’s shares are in the hands of company insiders while institutional holders own 111.71% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.04 million on 2025-02-28, giving us a short ratio of 2.06. The data shows that as of 2025-02-28 short interest in Semtech Corp (SMTC) stood at 1048.99995 of shares outstanding, with shares short falling to 7.21 million registered in 2025-01-31. Current price change has pushed the stock -32.72% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SMTC stock continues to rise going into the next quarter.
