Is Wall Street High Or Low On Semtech Corporation (SMTC)?

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Semtech Corporation (NASDAQ:SMTC) finished Friday with an addition of $0.07 to close at $28.69, an upside of 0.24 percent. An average of 672,720 shares of common stock have been traded in the last five days. There was a gain of $1.67 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,743,665 shares traded, while the 50-day average volume stands at 1,279,402.

SMTC stock has decreased by -6.67% in the last month. The company shares reached their 1-month lowest point of $26.47 on 12/22/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $25.29 and a high of $92.14 in 52 weeks. It has reached a new high 2 times so far this year and lost -67.74% or -$60.24 in price. In spite of this, the price is down -68.86% from the 52-week high.


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Insider Transactions

SMTC stock investors should be aware that Semtech Corporation (SMTC) stock had its last reported insider trading activity 207 days ago on Jun 07. In this transaction, the insider spent $123,385. EVP, WILSON JOHN MICHAEL, disposed of 9,000 shares at a price of $62.28 on Apr 07. The insider now owns more than $560,521 worth of shares. Prior to that, SVP Rodensky Michael W went on to Sale 4,000 shares at $68.79 each on Apr 04. An amount of $275,168 was transacted.

Valuation Metrics

Semtech Corporation (SMTC) has a trailing price-to-earnings (P/E) ratio of 12.56. The stock’s beta is 1.68. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.31, the price-to-book (PB) ratio at 2.31, and the price-to-cash flow ratio at 10.87.

Financial Health

The quick ratio of Semtech Corporation for the three months ended October 30 was 5.20, and the current ratio was 6.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.57 and a total debt to equity ratio of 0.57 for the quarter ending October 30. Its gross profit as reported stood at $466.08 million compared to revenue of $740.86 million.

Earnings Surprise

For the three-month period that ended October 30, Semtech Corporation had $455.11 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $22.75 million in the quarter, while revenues of $51.6 million were shrunk -51.34%. The analyst consensus anticipated Semtech Corporation’s latest quarter earnings to come in at $0.63 per share, but it turned out to be $0.65, a 3.20% surprise. For the quarter, EBITDA amounted to $46.14 million. Shareholders own equity worth $63.84 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Semtech Corporation (SMTC) price momentum. RSI 9-day as of the close on 30 December was 55.52%, suggesting the stock is Neutral, with historical volatility in this time frame at 32.62%.

As of today, SMTC’s price is $27.94 +6.18% or $1.67 from its 5-day moving average. SMTC is currently trading -3.79% lower than its 20-day SMA and -44.02% lower than its 100-day SMA. However, the stock’s current price level is +10.35% above the SMA50 and -56.96% below the SMA200.

The stochastic %K and %D were 34.24% and 26.64%, respectively, and the average true range (ATR) was 1.08. With the 14-day stochastic at 43.02% and the average true range at 1.13, the RSI (14) stands at 51.55%. The stock has reached 0.65 on the 9-day MACD Oscillator while the 14-day reading was at 0.07.

Analyst Ratings

Oppenheimer downgraded Semtech Corporation (NASDAQ: SMTC) to a a Perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Semtech Corporation (SMTC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SMTC, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 others rate it as a “buy”.

What is SMTC’s price target for the next 12 months?

Analysts predict a range of price targets between $32.00 and $63.00, with a median target of $42.50. Taking a look at these predictions, the average price target given by analysts for Semtech Corporation (SMTC) stock is $42.50.

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