Semtech Corp. (NASDAQ: SMTC) has experienced a decline in its stock price by -0.27 compared to its previous closing price of 47.60. However, the company has seen a gain of 7.81% in its stock price over the last five trading days. zacks.com reported 2024-09-25 that Semtech’s expanding portfolio offerings for the infrastructure end market bode well for its prospects despite weakness in the industrial end market.
Is It Worth Investing in Semtech Corp. (NASDAQ: SMTC) Right Now?
The 36-month beta value for SMTC is also noteworthy at 1.54. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SMTC is 74.30M, and at present, short sellers hold a 9.92% of that float. The average trading volume of SMTC on September 26, 2024 was 1.76M shares.
SMTC’s Market Performance
SMTC stock saw an increase of 7.81% in the past week, with a monthly gain of 28.19% and a quarterly increase of 61.08%. The volatility ratio for the week is 4.02%, and the volatility levels for the last 30 days are 5.26% for Semtech Corp. (SMTC). The simple moving average for the last 20 days is 11.89% for SMTC’s stock, with a simple moving average of 57.71% for the last 200 days.
Analysts’ Opinion of SMTC
Craig Hallum, on the other hand, stated in their research note that they expect to see SMTC reach a price target of $48, previously predicting the price at $36. The rating they have provided for SMTC stocks is “Buy” according to the report published on June 06th, 2024.
Craig Hallum gave a rating of “Buy” to SMTC, setting the target price at $36 in the report published on April 01st of the current year.
SMTC Trading at 29.96% 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 -0.71% of loss for the given period.
Volatility was left at 5.26%, however, over the last 30 days, the volatility rate increased by 4.02%, as shares surge +24.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.66% upper at present.
During the last 5 trading sessions, SMTC rose by +7.81%, which changed the moving average for the period of 200-days by +144.44% in comparison to the 20-day moving average, which settled at $42.89. In addition, Semtech Corp. saw 116.66% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SMTC starting from Lin Mark, who purchase 1,000 shares at the price of $33.23 back on Apr 08 ’24. After this action, Lin Mark now owns 1,000 shares of Semtech Corp., valued at $33,232 using the latest closing price.
Summers Sylvia, the Board of Directors of Semtech Corp., sale 16,000 shares at $22.39 during a trade that took place back on Dec 15 ’23, which means that Summers Sylvia is holding 13,008 shares at $358,304 based on the most recent closing price.
Stock Fundamentals for SMTC
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.48 for the gross margin
The net margin for Semtech Corp. stands at -1.07. The total capital return value is set at 0.0. Equity return is now at value -775.58, with -50.14 for asset returns.
Based on Semtech Corp. (SMTC), the company’s capital structure generated 1.13 points at debt to capital in total, while cash flow to debt ratio is standing at 0.0. The debt to equity ratio resting at -8.48. The interest coverage ratio of the stock is 0.05.
Currently, EBITDA for the company is 50.34 million with net debt to EBITDA at 14.92. When we switch over and look at the enterprise to sales, we see a ratio of 5.73. The receivables turnover for the company is 5.33for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.41.
Conclusion
In summary, Semtech Corp. (SMTC) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
