A new trading day began on Friday, with Semtech Corp. (NASDAQ: SMTC) stock price up 4.56% from the previous day of trading, before settling in for the closing price of $35.30. SMTC’s price has ranged from $13.13 to $46.86 over the past 52 weeks.
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Annual sales at Technology sector company grew by 7.49% over the past five years. Meanwhile, its annual earnings per share averaged 379.22%. With a float of $63.72 million, this company’s outstanding shares have now reached $64.42 million.
Let’s look at the performance matrix of the company that is accounted for 1917 employees. In terms of profitability, gross margin is 45.81%, operating margin of -36.32%, and the pretax margin is -122.86%.
Semtech Corp. (SMTC) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductors Industry. The insider ownership of Semtech Corp. is 1.44%, while institutional ownership is 127.10%. 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) Performance Highlights and Predictions
In its latest quarterly report, released on 4/30/2024, the company reported earnings of 0.11 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 379.22% per share during the next fiscal year.
Semtech Corp. (NASDAQ: SMTC) Trading Performance Indicators
Here are Semtech Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.74. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.85.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -16.90, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 1.64 in one year’s time.
Technical Analysis of Semtech Corp. (SMTC)
Semtech Corp. (NASDAQ: SMTC) saw its 5-day average volume 1.06 million, a negative change from its year-to-date volume of 1.9 million. As of the previous 9 days, the stock’s Stochastic %D was 87.10%. Additionally, its Average True Range was 1.79.
During the past 100 days, Semtech Corp.’s (SMTC) raw stochastic average was set at 49.26%, which indicates a significant decrease from 96.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 61.11% in the past 14 days, which was lower than the 66.19% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $32.17, while its 200-day Moving Average is $27.32. Nevertheless, the first resistance level for the watch stands at $37.33 in the near term. At $37.76, the stock is likely to face the second major resistance level. The third major resistance level sits at $38.58. If the price goes on to break the first support level at $36.08, it is likely to go to the next support level at $35.26. Assuming the price breaks the second support level, the third support level stands at $34.83.
Semtech Corp. (NASDAQ: SMTC) Key Stats
With a market capitalization of 2.39 billion, the company has a total of 64,653K Shares Outstanding. Currently, annual sales are 868,760 K while annual income is -1,092 M. The company’s previous quarter sales were 206,110 K while its latest quarter income was -23,160 K.
