Semtech Corp (NASDAQ: SMTC) kicked off on Tuesday, up 7.10% from the previous trading day, before settling in for the closing price of $43.92. Over the past 52 weeks, SMTC has traded in a range of $13.65-$49.53.
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Annual sales at Technology sector company grew by 7.49% over the past five years. While this was happening, its average annual earnings per share was recorded 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
Our next focus will be how large-scale investors are participating in this stock of the Semiconductors Industry. The insider ownership of Semtech Corp is 1.24%, while institutional ownership is 108.50%. 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
In the latest quarterly report, which was put into the public domain on 7/31/2024, the organization reported 0.02 earnings per share (EPS), higher than consensus estimate (set at -0.13) by 0.15. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.27 per share during the current fiscal year.
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
Take a look at Semtech Corp’s (SMTC) current performance indicators. Last quarter, stock had a quick ratio of 1.72. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.34.
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 1.03 million, a negative change from its year-to-date volume of 1.84 million. As of the previous 9 days, the stock’s Stochastic %D was 39.25%. Additionally, its Average True Range was 2.21.
During the past 100 days, Semtech Corp’s (SMTC) raw stochastic average was set at 88.82%, which indicates a significant increase from 82.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.80% in the past 14 days, which was lower than the 61.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.57, while its 200-day Moving Average is $33.60. Nevertheless, the first resistance level for the watch stands at $48.27 in the near term. At $49.50, the stock is likely to face the second major resistance level. The third major resistance level sits at $51.76. If the price goes on to break the first support level at $44.78, it is likely to go to the next support level at $42.52. The third support level lies at $41.29 if the price breaches the second support level.
Semtech Corp (NASDAQ: SMTC) Key Stats
The company with the Market Capitalisation of 3.54 billion has total of 75,227K Shares Outstanding. Its annual sales at the moment are 868,760 K in contrast with the sum of -1,092 M annual income. Company’s last quarter sales were recorded 215,360 K and last quarter income was -170,300 K.
