At the time of writing, Semtech Corp [SMTC] stock is trading at $65.67, up 1.83%. An important factor to consider is whether the stock is rising or falling in short-term value. The SMTC shares have gain 4.37% over the last week, with a monthly amount glided 22.89%, 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 November 26, 2024, when Needham reiterated its Buy rating and also boosted its price target to $70 from $50. Previously, Craig Hallum reaffirmed its Buy rating on November 26, 2024, and elevated its price target to $70. On August 28, 2024, downgrade downgraded it’s rating to Hold. Craig Hallum reiterated its Buy rating and increased its price target to $48 on June 06, 2024. Craig Hallum reiterated its recommendation of a Buy and raised its price target to $36 on April 01, 2024. The Benchmark Company upgraded its rating to Buy for this stock on October 19, 2023, but kept the price target unchanged to $30. In a note dated September 14, 2023, Susquehanna upgraded an Positive rating on this stock but restated the target price of $30.
For the past year, the stock price of Semtech Corp fluctuated between $18.16 and $70.27. Currently, Wall Street analysts expect the stock to reach $61 within the next 12 months. Semtech Corp [NASDAQ: SMTC] shares were valued at $65.67 at the most recent close of the market. An investor can expect a potential drop of -7.11% based on the average SMTC price forecast.
Analyzing the SMTC fundamentals
According to Semtech Corp [NASDAQ:SMTC], the company’s sales were 851.23M for trailing twelve months, which represents an 17.88% jump. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at -0.98%, and Net Profit Margin reading is -0.99%. To continue investigating profitability, this company’s Return on Assets is posted at -0.61, Equity is 4.17 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -25.44.
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 63.77 points at the first support level, and at 61.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.92, and for the 2nd resistance point, it is at 68.18.
Ratios To Look Out For
It is important to note that Semtech Corp [NASDAQ:SMTC] has a current ratio of 2.37. On the other hand, the Quick Ratio is 1.67, and the Cash Ratio is 0.58. Considering the valuation of this stock, the price to sales ratio is 6.65.
Transactions by insiders
Recent insider trading involved Sherazi Imran, SVP and GM, that happened on Dec 20 ’24 when 4965.0 shares were sold. SVP and GM, Sherazi Imran completed a deal on Dec 19 ’24 to sell 2946.0 shares. Meanwhile, Officer Sherazi Imran bought 4965.0 shares on Dec 20 ’24.
