Analysts predict Semtech Corp. (SMTC) stock to reach $32.90 in the next 12 months

At the time of writing, Semtech Corp. [SMTC] stock is trading at $15.91, up 0.44%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SMTC shares have gain 11.03% over the last week, with a monthly amount drifted -3.52%, and not seem to be holding up well over a long-time horizon.

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On 20, October 2023, Semtech Comments on Third Fiscal Quarter 2024 Outlook. In a post published today on Yahoo Finance, Semtech Corporation (Nasdaq: SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, today provided comments on its third fiscal quarter 2024 outlook.

From an analyst’s perspective:

Semtech Corp. [NASDAQ: SMTC] stock has seen the most recent analyst activity on October 19, 2023, when The Benchmark Company upgraded its rating to a Buy but kept the price target unchanged to $30 for it.

For the past year, the stock price of Semtech Corp. fluctuated between $13.13 and $35.18. Currently, Wall Street analysts expect the stock to reach $32.90 within the next 12 months. Semtech Corp. [NASDAQ: SMTC] shares were valued at $15.91 at the most recent close of the market. An investor can expect a potential return of 106.79% based on the average SMTC price forecast.

Analyzing the SMTC fundamentals

According to Semtech Corp. [NASDAQ:SMTC], the company’s sales were 238.37 billion in the recent quarter, which represents an 13.92% jump. In this publicly-traded organization, revenue per employee is $336,536, while income per employee is $27,304. Gross Margin for this corporation currently stands at +63.31% with Operating Margin at +21.02%, Pretax Margin comes in at +10.37%, and Net Margin reading is +8.11%. To continue investigating profitability, this company’s Return on Assets is posted at 3.32, Equity is 8.22, Total Capital is 10.44, and Invested Capital is 4.10. An extended look at the Principal structure reveals enduring liabilities to the total capital of 64.49 and enduring liabilities to assets of 53.42.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.50 points at the first support level, and at 15.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.22, and for the 2nd resistance point, it is at 16.52.

Semtech Corp. [SMTC] reported earnings per share of $0.11 for its fiscal quarter that ended on 7/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.02/share, meaning a difference of $0.09 and a surprise factor of 450.00%. By comparison, the stated earnings for the previous quarter ended on 4/29/2023 were $0.02 per share as compared to estimates of -$0.08 per share, a difference of $0.1 representing a surprise of 125.00%.

Ratios To Look Out For

It is important to note that Semtech Corp. [NASDAQ:SMTC] has a current ratio of 1.96. Also, the Quick Ratio is 1.30, while the Cash Ratio stands at 0.63. Considering the valuation of this stock, the price to sales ratio is 2.80, the price to book ratio is 2.80.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 4 insider buyings of 32,554 shares and 4 insider sellings of 22,556 shares. Recent insider trading involved Rodensky Michael W, SVP, that happened on Sep 28 when 18227.0 shares were sold. Director, Walsh Paul V Jr completed a deal on Sep 18 to buy 20000.0 shares.