In the current trading session, Semtech Corp’s (SMTC) stock is trading at the price of $63.46, a gain of 18.75% over last night’s close. So, the stock is trading at a price that is 18.09% less than its 52-week high of $53.74 and 306.01% better than its 52-week low of $15.63. Based on the past 30-day period, the stock price is -0.32% below the high and +46.96% above the low.
The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, SMTC’s SMA-200 is $35.82.
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It is also essential to consider SMTC stock ratios like the price-to-sales ratio, which is 5.86 for the last year.
How does Semtech Corp (SMTC) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 12 brokerage firms that recommend the stock as a Strong Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 4.58 in simple terms.
Semtech Corp (SMTC): Earnings History
Most analysts expect public companies to report earnings and revenue in line with their projections, but sometimes these figures vary from what they actually expected. In the current quarter, the company had earnings predictions made by 6 different analysts, who are expecting earnings to fall in between the range of 0.07 and 0.05 with an average Earnings Estimate of 0.06 which is in contrast with the last year earnings estimate of -0.06 and also replicates 200.00% growth rate year over year.
Semtech Corp (NASDAQ: SMTC) Ownership Details
I will give a breakdown of the key shareholders in Semtech Corp (SMTC). Recent figures show that the company’s insiders hold 1.26% of shares. A total of 374 institutional investors hold shares in the company, making 116.21% of its stock and 117.69% of its float.
Sep 30, 2024, it was reported that the Company’s largest institutional holder is Blackrock Inc. holding total of 11.21 shares that make 14.90% of the company’s total number of shares and are currently priced at 721.64 million.
The securities firm Vanguard Group Inc holds 10.22 shares of SMTC, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 13.58%, and the holding percentage of shares is valued at 657.52 million.
An overview of Semtech Corp’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Semtech Corp (SMTC) traded 1,318,987 shares per day, with a moving average of $48.94 and price change of +15.54. With the moving average of $46.24 and a price change of +20.83, about 1,518,999 shares changed hands on average over the past 50 days. Finally, SMTC’s 100-day average volume is 1,595,087 shares, alongside a moving average of $40.86 and a price change of +29.48.
