Semtech Corp (NASDAQ: SMTC) on Monday, soared 3.95% from the previous trading day, before settling in for the closing price of $44.10. Within the past 52 weeks, SMTC’s price has moved between $15.05 and $53.22.
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
During the last 5-year period, the sales growth of Technology Sector giant was 7.49%. 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 determine the extent of company efficiency that accounts for 1917 employees. In terms of profitability, gross margin is 47.97%, operating margin of 0.42%, and the pretax margin is -106.79%.
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 1.24%, while institutional ownership is 113.37%. 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 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 3.94.
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)
Looking closely at Semtech Corp (NASDAQ: SMTC), its last 5-days average volume was 1.11 million, which is a drop from its year-to-date volume of 1.81 million. As of the previous 9 days, the stock’s Stochastic %D was 25.21%. Additionally, its Average True Range was 2.52.
During the past 100 days, Semtech Corp’s (SMTC) raw stochastic average was set at 71.58%, which indicates a significant increase from 27.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.17% in the past 14 days, which was higher than the 63.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $44.84, while its 200-day Moving Average is $34.85. However, in the short run, Semtech Corp’s stock first resistance to watch stands at $46.77. Second resistance stands at $47.69. The third major resistance level sits at $49.19. If the price goes on to break the first support level at $44.35, it is likely to go to the next support level at $42.85. Should the price break the second support level, the third support level stands at $41.93.
Semtech Corp (NASDAQ: SMTC) Key Stats
Market capitalization of the company is 3.21 billion based on 75,227K 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.
