At the time of writing, Semtech Corp. [SMTC] stock is trading at $43.82, up 0.67%. An important factor to consider is whether the stock is rising or falling in short-term value. The SMTC shares have gain 18.72% over the last week, with a monthly amount glided 42.23%, 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 August 28, 2024, when Summit Insights downgraded its rating to a Hold. Previously, Craig Hallum reaffirmed its Buy rating on June 06, 2024, and elevated its price target to $48. On April 01, 2024, Craig Hallum reiterated its Buy rating and revised its price target to $36 on the stock. The Benchmark Company upgraded its rating to a Buy but stick to its price target of $30 on October 19, 2023. Susquehanna upgraded its rating to a Positive but $30 remained the price target by the analyst firm on September 14, 2023. Summit Insights upgraded its rating to Buy for this stock on September 14, 2023. In a note dated September 14, 2023, The Benchmark Company downgraded an Hold rating on this stock.
For the past year, the stock price of Semtech Corp. fluctuated between $13.13 and $46.86. Currently, Wall Street analysts expect the stock to reach $49.5 within the next 12 months. Semtech Corp. [NASDAQ: SMTC] shares were valued at $43.82 at the most recent close of the market. An investor can expect a potential return of 12.96% based on the average SMTC price forecast.
Analyzing the SMTC fundamentals
According to Semtech Corp. [NASDAQ:SMTC], the company’s sales were 815.31M for trailing twelve months, which represents an -9.66% plunge. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.01%, 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 8.17 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 -8.48.
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 43.18 points at the first support level, and at 42.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.84, and for the 2nd resistance point, it is at 45.85.
Ratios To Look Out For
It is important to note that Semtech Corp. [NASDAQ:SMTC] has a current ratio of 2.41. On the other hand, the Quick Ratio is 1.72, and the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 4.04.
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.
