Semtech Corp. (NASDAQ: SMTC) on Friday, soared 3.08% from the previous trading day, before settling in for the closing price of $44.11. Within the past 52 weeks, SMTC’s price has moved between $13.13 and $49.53.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Technology sector company grew by 7.49% over the past five years. The company achieved an average annual earnings per share of 388.31%. With a float of $74.29 million, this company’s outstanding shares have now reached $75.23 million.
Let’s look at the performance matrix of the company that is accounted for 1917 employees. In terms of profitability, gross margin is 47.65%, operating margin of 0.61%, and the pretax margin is -106.79%.
Semtech Corp. (SMTC) Insider and Institutional Ownership
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of Semtech Corp. is 1.24%, while institutional ownership is 108.39%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 388.31% 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 1.72 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 4.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -13.54, a number that is poised to hit 0.23 in the next quarter and is forecasted to reach 1.65 in one year’s time.
Technical Analysis of Semtech Corp. (SMTC)
Semtech Corp. (NASDAQ: SMTC) saw its 5-day average volume 0.88 million, a negative change from its year-to-date volume of 1.87 million. As of the previous 9 days, the stock’s Stochastic %D was 59.09%. Additionally, its Average True Range was 2.07.
During the past 100 days, Semtech Corp.’s (SMTC) raw stochastic average was set at 81.78%, which indicates a significant increase from 78.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.04% in the past 14 days, which was lower than the 67.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $42.26, while its 200-day Moving Average is $32.70. Nevertheless, the first resistance level for the watch stands at $46.47 in the near term. At $47.48, the stock is likely to face the second major resistance level. The third major resistance level sits at $48.76. If the price goes on to break the first support level at $44.18, it is likely to go to the next support level at $42.90. The third support level lies at $41.89 if the price breaches the second support level.
Semtech Corp. (NASDAQ: SMTC) Key Stats
Market capitalization of the company is 3.42 billion based on 64,653K outstanding shares. Right now, sales total 868,760 K and income totals -1,092 M. The company made 215,360 K in profit during its latest quarter, and -170,300 K in sales during its previous quarter.
