The stock of Semtech Corporation (SMTC) has seen a 12.81% increase in the past week, with a 3.72% gain in the past month, and a 13.36% flourish in the past quarter. The volatility ratio for the week is 4.73%, and the volatility levels for the past 30 days are at 4.12% for SMTC. The simple moving average for the past 20 days is 2.34% for SMTC’s stock, with a -3.84% simple moving average for the past 200 days.
Is It Worth Investing in Semtech Corporation (NASDAQ: SMTC) Right Now?
Additionally, the 36-month beta value for SMTC is 1.70. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
Top 5 EV Tech Stocks to Buy for 2023
The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".
Click Here to Download the FREE Report.
Sponsored
The average price predicted by analysts for SMTC is $35.67, which is $9.27 above the current price. The public float for SMTC is 62.98M and currently, short sellers hold a 11.66% ratio of that float. The average trading volume of SMTC on September 19, 2023 was 1.29M shares.
SMTC) stock’s latest price update
Semtech Corporation (NASDAQ: SMTC) has experienced a rise in its stock price by 5.52 compared to its previous closing price of 24.29. However, the company has seen a gain of 12.81% in its stock price over the last five trading days. The Motley Fool reported 2023-09-14 that Semtech easily exceeded earnings estimates thanks to cost-cutting initiatives. The company issued conservative forward guidance given current macro uncertainties and high channel inventory.
Analysts’ Opinion of SMTC
Many brokerage firms have already submitted their reports for SMTC stocks, with Susquehanna repeating the rating for SMTC by listing it as a “Positive.” The predicted price for SMTC in the upcoming period, according to Susquehanna is $30 based on the research report published on September 14, 2023 of the current year 2023.
SMTC Trading at -2.98% from the 50-Day Moving Average
After a stumble in the market that brought SMTC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.15% of loss for the given period.
Volatility was left at 4.12%, however, over the last 30 days, the volatility rate increased by 4.73%, as shares surge +1.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.00% lower at present.
During the last 5 trading sessions, SMTC rose by +13.49%, which changed the moving average for the period of 200-days by -16.12% in comparison to the 20-day moving average, which settled at $25.07. In addition, Semtech Corporation saw -10.67% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SMTC starting from Walsh Paul V Jr, who purchase 20,000 shares at the price of $24.83 back on Sep 18. After this action, Walsh Paul V Jr now owns 20,888 shares of Semtech Corporation, valued at $496,520 using the latest closing price.
Stock Fundamentals for SMTC
Current profitability levels for the company are sitting at:
- +21.02 for the present operating margin
- +63.31 for the gross margin
The net margin for Semtech Corporation stands at +8.11. The total capital return value is set at 10.44, while invested capital returns managed to touch 4.10. Equity return is now at value -66.40, with -20.30 for asset returns.
Based on Semtech Corporation (SMTC), the company’s capital structure generated 181.62 points at debt to equity in total, while total debt to capital is 64.49. Total debt to assets is 53.42, with long-term debt to equity ratio resting at 175.09. Finally, the long-term debt to capital ratio is 62.17.
When we switch over and look at the enterprise to sales, we see a ratio of 3.27, with the company’s debt to enterprise value settled at 0.42. The receivables turnover for the company is 6.16 and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.82.
Conclusion
In conclusion, Semtech Corporation (SMTC) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high..
