Semtech Corp [NASDAQ: SMTC] stock went on a downward path that fall over -4.94% on Thursday, amounting to a one-week price increase of more than 1.97%.
Over the last 12 months, SMTC stock rose by 271.59%. The one-year Semtech Corp stock forecast points to a potential upside of 9.54. The average equity rating for SMTC stock is currently 1.33, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $5.94 billion, with 86.18 million shares outstanding and 85.31 million shares in the current float. Compared to the average trading volume of 1.68M shares, SMTC stock reached a trading volume of 3400257 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $76.20 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.
Needham have made an estimate for Semtech Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 26, 2024. While these analysts kept the previous recommendation, Craig Hallum raised their target price from $48 to $70. The new note on the price target was released on November 26, 2024, representing the official price target for Semtech Corp stock. On June 06, 2024, analysts increased their price target for SMTC shares from 36 to 48.
The Average True Range (ATR) for Semtech Corp is set at 3.85, with the Price to Sales ratio for SMTC stock in the period of the last 12 months amounting to 6.98. Price to Free Cash Flow for SMTC in the course of the last twelve months was 193.81 with Quick ratio for the last quarter at 1.67.
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 1.97. With this latest performance, SMTC shares gained by 5.80% in over the last four-week period, additionally plugging by 108.63% over the last 6 months – not to mention a rise of 271.59% 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 58.32, with the RSI for the last a single of trading hit 58.02, and the three-weeks RSI is set at 58.83 for Semtech Corp [SMTC]. The present Moving Average for the last 50 days of trading for this stock 59.86, while it was recorded at 67.48 for the last single week of trading, and 42.87 for the last 200 days.
Insight into Semtech Corp Fundamentals:
Semtech Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.67 and a Current Ratio set at 2.37.
SMTC Stock EPS
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 20.00%.
Semtech Corp [SMTC] Institutonal Ownership Details
There are presently around $116.21%, or 117.69%% 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%.
