The stock of Semtech Corp (SMTC) has seen a 14.46% increase in the past week, with a 22.95% gain in the past month, and a 67.21% flourish in the past quarter. The volatility ratio for the week is 5.13%, and the volatility levels for the past 30 days are at 4.92% for SMTC. The simple moving average for the past 20 days is 11.61% for SMTC’s stock, with a 49.35% simple moving average for the past 200 days.
Is It Worth Investing in Semtech Corp (NASDAQ: SMTC) Right Now?
The 36-month beta value for SMTC is at 1.56. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for SMTC is 74.29M, and currently, shorts hold a 9.74% of that float. The average trading volume for SMTC on November 08, 2024 was 1.59M shares.
SMTC) stock’s latest price update
The stock of Semtech Corp (NASDAQ: SMTC) has increased by 5.95 when compared to last closing price of 47.74.Despite this, the company has seen a gain of 14.46% in its stock price over the last five trading days. zacks.com reported 2024-11-07 that Stocks like NVDA, TSM and SMTC are poised to benefit from the soaring demand for semiconductors.
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 15.16% 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 able to rebound, for now settling with 1.46% of gains for the given period.
Volatility was left at 4.92%, however, over the last 30 days, the volatility rate increased by 5.13%, as shares surge +18.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.21% upper at present.
During the last 5 trading sessions, SMTC rose by +14.46%, which changed the moving average for the period of 200-days by +130.75% in comparison to the 20-day moving average, which settled at $45.32. In addition, Semtech Corp saw 130.85% 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 6.02. 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 conclusion, Semtech Corp (SMTC) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
