Semtech Corp. (NASDAQ: SMTC) on Friday, soared 4.15% from the previous trading day, before settling in for the closing price of $28.69. Within the past 52 weeks, SMTC’s price has moved between $13.13 and $46.86.
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Technology Sector giant saw their annual sales surged by 7.49% over the last five years. The company achieved an average annual earnings per share of 396.86%. With a float of $63.73 million, this company’s outstanding shares have now reached $64.42 million.
The firm has a total of 1917 workers. Let’s measure their productivity.
Semtech Corp. (SMTC) Insider Activity
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of Semtech Corp. is 1.43%, while institutional ownership is 126.14%. The most recent insider transaction that took place on Apr 08 ’24, was worth 33,232. In this transaction EVP and CFO of this company bought 1,000 shares at a rate of $33.23, taking the stock ownership to the 1,000 shares. Before that another transaction happened on Dec 15 ’23, when Company’s Board of Directors sold 16,000 for $22.39, making the entire transaction worth $358,304. This insider now owns 13,008 shares in total.
Semtech Corp. (SMTC) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 396.86% per share during the next fiscal year.
Semtech Corp. (NASDAQ: SMTC) Trading Performance Indicators
Semtech Corp. (SMTC) is currently performing well based on its current performance indicators. A quick ratio of 1.74 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.30.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -16.90, a number that is poised to hit 0.11 in the next quarter and is forecasted to reach 1.65 in one year’s time.
Technical Analysis of Semtech Corp. (SMTC)
Analysing the last 5-days average volume posted by the [Semtech Corp., SMTC], we can find that recorded value of 1.9 million was lower than the volume posted last year of 2.01 million. As of the previous 9 days, the stock’s Stochastic %D was 35.89%. Additionally, its Average True Range was 1.93.
During the past 100 days, Semtech Corp.’s (SMTC) raw stochastic average was set at 39.23%, which indicates a significant increase from 32.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.57% in the past 14 days, which was lower than the 62.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.62, while its 200-day Moving Average is $25.02. Now, the first resistance to watch is $30.54. This is followed by the second major resistance level at $31.19. The third major resistance level sits at $31.99. If the price goes on to break the first support level at $29.09, it is likely to go to the next support level at $28.29. Should the price break the second support level, the third support level stands at $27.64.
Semtech Corp. (NASDAQ: SMTC) Key Stats
Market capitalization of the company is 1.93 billion based on 64,653K outstanding shares. Right now, sales total 868,760 K and income totals -1,092 M. The company made 206,110 K in profit during its latest quarter, and -23,160 K in sales during its previous quarter.
