Semtech Corp. [NASDAQ: SMTC] price surged by 4.68 percent to reach at $2.06.
The one-year SMTC stock forecast points to a potential upside of 17.1. The average equity rating for SMTC stock is currently 1.33, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Semtech Corp. [SMTC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SMTC shares is $55.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SMTC stock is a recommendation set at 1.33. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Summit Insights have made an estimate for Semtech Corp. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 28, 2024. While these analysts kept the previous recommendation, Craig Hallum raised their target price from $36 to $48. The new note on the price target was released on June 06, 2024, representing the official price target for Semtech Corp. stock. Previously, the target price had yet another raise from $30 to $36, while Craig Hallum kept a Buy rating on SMTC stock.
The Average True Range (ATR) for Semtech Corp. is set at 2.19, with the Price to Sales ratio for SMTC stock in the period of the last 12 months amounting to 4.25.
SMTC Stock Performance Analysis:
Semtech Corp. [SMTC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.55. With this latest performance, SMTC shares gained by 26.83% in over the last four-week period, additionally plugging by 105.94% over the last 6 months – not to mention a rise of 83.85% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SMTC stock in for the last two-week period is set at 69.08, with the RSI for the last a single of trading hit 72.67, and the three-weeks RSI is set at 66.27 for Semtech Corp. [SMTC]. The present Moving Average for the last 50 days of trading for this stock 35.91, while it was recorded at 42.86 for the last single week of trading, and 29.65 for the last 200 days.
Insight into Semtech Corp. Fundamentals:
Semtech Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.72 and a Current Ratio set at 2.41.
SMTC Stock EPS
With the latest financial reports released by the company, Semtech Corp. posted 0.02/share EPS, while the average EPS was predicted by analysts to be reported at -0.13/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.15. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SMTC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Semtech Corp. go to 11.50%.
Semtech Corp. [SMTC] Institutonal Ownership Details
There are presently around $110.17%, or 111.56%% of SMTC stock, in the hands of institutional investors. The top three institutional holders of SMTC stocks are: BLACKROCK INC. with ownership of 10.19 million shares, which is approximately 15.7955%. VANGUARD GROUP INC, holding 8.58 million shares of the stock with an approximate value of $$256.38 million in SMTC stocks shares; and VANGUARD GROUP INC, currently with $$169.39 million in SMTC stock with ownership which is approximately 8.7881%.
