A share price of Semtech Corp. [SMTC] is currently trading at $29.47, down -0.97%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SMTC shares have lost -0.10% over the last week, with a monthly amount drifted -26.78%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Semtech Corp. [NASDAQ: SMTC] stock has seen the most recent analyst activity on June 06, 2024, when Craig Hallum reiterated its Buy rating and also boosted its price target to $48 from $36. Previously, Craig Hallum reaffirmed its Buy rating on April 01, 2024, and elevated its price target to $36. On October 19, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $30 on the stock. Susquehanna upgraded its rating to a Positive but stick to its price target of $30 on September 14, 2023. Summit Insights upgraded its rating to a Buy. The Benchmark Company downgraded its rating to Hold for this stock on September 14, 2023. In a note dated September 06, 2023, Needham upgraded an Buy rating on this stock but restated the target price of $35.
Semtech Corp. experienced fluctuations in its stock price throughout the past year between $13.13 and $46.86. Currently, Wall Street analysts expect the stock to reach $49.23 within the next 12 months. Semtech Corp. [NASDAQ: SMTC] shares were valued at $29.47 at the most recent close of the market. An investor can expect a potential return of 67.05% based on the average SMTC price forecast.
Analyzing the SMTC fundamentals
Trailing Twelve Months sales for Semtech Corp. [NASDAQ:SMTC] were 838.32M which represents -12.87% decline. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at -0.36%, Pretax Profit Margin comes in at -1.23%, and Net Profit Margin reading is -1.3%. To continue investigating profitability, this company’s Return on Assets is posted at -0.79, Equity is -53.91 and Total Capital is -0.26. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-4.41.
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 28.96 points at the first support level, and at 28.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.30, and for the 2nd resistance point, it is at 31.13.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Semtech Corp. [NASDAQ:SMTC] is 2.40. Further, the Quick Ratio stands at 1.74, while the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 2.27.
Transactions by insiders
Recent insider trading involved Lin Mark, EVP and CFO, that happened on Apr 08 ’24 when 1000.0 shares were purchased. Board of Directors, Summers Sylvia completed a deal on Dec 15 ’23 to sell 16000.0 shares. Meanwhile, SVP Rodensky Michael W sold 18227.0 shares on Sep 28 ’23.
