Semtech Corp (NASDAQ:SMTC) shares, rose in value on Thursday, March 27, with the stock price down by -4.50% to the previous day’s close as strong demand from buyers drove the stock to $36.95.
Actively observing the price movement in the last trading, the stock closed the session at $38.69, falling within a range of $36.92 and $38.6. The value of beta (5-year monthly) was 1.69. Referring to stock’s 52-week performance, its high was $79.52, and the low was $25.78. On the whole, SMTC has fluctuated by -4.96% over the past month.
With the market capitalization of Semtech Corp currently standing at about $3.20 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-12.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.04B, with a low estimate of 249.1M and a high estimate of 251.61M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 250.09M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SMTC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of SMTC currently trading nearly 0.10% and -21.92% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.59, while the 7-day volatility ratio is showing 3.80% which for the 30-day chart, stands at 7.28%. Furthermore, Semtech Corp (SMTC)’s beta value is 1.82, and its average true range (ATR) is 2.74.
A comparison of Semtech Corp (SMTC) with its peers suggests the former has fared considerably weaker in the market. SMTC showed an intraday change of -4.50% in last session, and over the past year, it grew by 65.92%%.
Data on historical trading for Semtech Corp (NASDAQ:SMTC) indicates that the trading volumes over the past 10 days have averaged 2.97 and over the past 3 months, they’ve averaged 2.76 million. According to company’s latest data on outstanding shares, there are 86.18 million shares outstanding.
Nearly 1.14% of Semtech Corp’s shares belong to company insiders and institutional investors own 111.71% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.42 million shares as on 2025-03-14, resulting in a short ratio of 2.29. According to the data, the short interest in Semtech Corp (SMTC) stood at 956.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 7.45 million. The stock has fallen by -40.26% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SMTC stock heading into the next quarter.
