Currently, Semtech Corp. [SMTC] is trading at $38.16, up 3.05%. An important factor to consider is whether the stock is rising or falling in short-term value. The SMTC shares have gain 5.01% over the last week, with a monthly amount glided 20.57%, and 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.
This stock has fluctuated between a low of $13.13 and a high of $46.86 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $49.23 within the next 12 months. Semtech Corp. [NASDAQ: SMTC] shares were valued at $38.16 at the most recent close of the market. An investor can expect a potential return of 29.01% 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 0.48% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at -1.07%, and Net Profit Margin reading is -1.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.64, Equity is 10.41 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -24.08.
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 36.62 points at the first support level, and at 35.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.11, and for the 2nd resistance point, it is at 40.06.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Semtech Corp. [NASDAQ:SMTC] is 2.40. On the other hand, the Quick Ratio is 1.74, and the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 2.94.
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.
