A new trading day began on Monday, with Semtech Corp (NASDAQ: SMTC) stock price up 5.01% from the previous day of trading, before settling in for the closing price of $50.89. SMTC’s price has ranged from $15.53 to $53.22 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 7.49%. Meanwhile, its annual earnings per share averaged 388.31%. With a float of $74.29 million, this company’s outstanding shares have now reached $75.23 million.
The extent of productivity of a business whose workforce counts for 1917 workers is very important to gauge. In terms of profitability, gross margin is 47.69%, operating margin of 0.42%, and the pretax margin is -106.79%.
Semtech Corp (SMTC) Insider and Institutional Ownership
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 1.24%, while institutional ownership is 113.33%. 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 its latest quarterly report, released on 10/31/2024, the company reported earnings of -0.06 per share, which was $0.1 lower 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 0.27 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
Here are Semtech Corp’s current performance indicators. According to the last quarter’s results, the 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 4.93.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -13.54, a number that is poised to hit 0.27 in the next quarter and is forecasted to reach 1.65 in one year’s time.
Technical Analysis of Semtech Corp (SMTC)
The latest stats from [Semtech Corp, SMTC] show that its last 5-days average volume of 1.72 million was inferior to 1.81 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 86.18%. Additionally, its Average True Range was 2.61.
During the past 100 days, Semtech Corp’s (SMTC) raw stochastic average was set at 98.87%, which indicates a significant increase from 97.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 60.71% in the past 14 days, which was lower than the 63.11% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $45.82, while its 200-day Moving Average is $35.61. Now, the first resistance to watch is $54.29. This is followed by the second major resistance level at $55.13. The third major resistance level sits at $56.53. If the price goes on to break the first support level at $52.05, it is likely to go to the next support level at $50.65. The third support level lies at $49.81 if the price breaches the second support level.
Semtech Corp (NASDAQ: SMTC) Key Stats
With a market capitalization of 4.02 billion, the company has a total of 75,227K Shares Outstanding. Currently, annual sales are 868,760 K while annual income is -1,092 M. The company’s previous quarter sales were 215,360 K while its latest quarter income was -170,300 K.
