Semtech Corp. [SMTC] stock prices are up 6.02% to $42.47 at the moment. 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 7.93% over the last week, with a monthly amount glided 18.30%, 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.
The stock price of Semtech Corp. [SMTC] has been fluctuating between $13.13 and $46.86 over the past year. Currently, Wall Street analysts expect the stock to reach $49.5 within the next 12 months. Semtech Corp. [NASDAQ: SMTC] shares were valued at $42.47 at the most recent close of the market. An investor can expect a potential return of 16.55% based on the average SMTC price forecast.
Analyzing the SMTC fundamentals
The Semtech Corp. [NASDAQ:SMTC] reported sales of 815.31M for trailing twelve months, representing a drop of -9.66%. 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 41.02 points at the first support level, and at 39.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.34, and for the 2nd resistance point, it is at 44.20.
Ratios To Look Out For
It’s worth pointing out that Semtech Corp. [NASDAQ:SMTC]’s Current Ratio is 2.41. Also, the Quick Ratio is 1.72, while the Cash Ratio stands at 0.52. Considering the valuation of this stock, the price to sales ratio is 3.92.
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.
