Semtech Corp. (NASDAQ: SMTC) stock jumped 0.44% on Monday to $15.91 against a previous-day closing price of $15.84. With 0.92 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.11 million shares. The 52-week range on SMTC shows that it touched its highest point at $35.18 and its lowest point at $13.13 during that stretch. It currently has a 1-year price target of $32.90. Beta for the stock currently stands at 1.71.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SMTC was up-trending over the past week, with a rise of 11.03%, but this was down by -3.52% over a month. Three-month performance dropped to -37.68% while six-month performance fell -26.72%. The stock lost -45.90% in the past year, while it has lost -44.55% so far this year. A look at the trailing 12-month EPS for SMTC yields -6.87 with Next year EPS estimates of 0.56. For the next quarter, that number is -0.15. This implies an EPS growth rate of -94.71% for this year and 277.44% for next year. EPS is expected to grow by 11.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 12.17%.
Float and Shares Shorts:
At present, 63.87 million SMTC shares are outstanding with a float of 63.36 million shares on hand for trading. On Oct 30, 2023, short shares totaled 15.85 million, which was 24.69% higher than short shares on Sep 28, 2023. In addition to Mr. Asaf Silberstein as the firm’s Executive VP & COO, Mr. Mohan R. Maheswaran serves as its Consultant.
Through their ownership of 106.30% of SMTC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 65.00% of SMTC, in contrast to 55.43% held by mutual funds. Shares owned by individuals account for 5.70%. As the largest shareholder in SMTC with 14.39% of the stake, BlackRock Fund Advisors holds 9,232,040 shares worth 9,232,040. A second-largest stockholder of SMTC, The Vanguard Group, Inc., holds 8,196,098 shares, controlling over 12.77% of the firm’s shares. Point72 Asset Management LP is the third largest shareholder in SMTC, holding 4,430,279 shares or 6.90% stake. With a 6.71% stake in SMTC, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 4,302,810 shares are owned by the mutual fund manager. The American Funds Small Cap World Fu, which owns about 5.92% of SMTC stock, is the second-largest Mutual Fund holder. It holds 3,800,646 shares valued at 53.06 million. Columbia Seligman Technology & In holds 3.44% of the stake in SMTC, owning 2,209,200 shares worth 30.84 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SMTC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SMTC analysts setting a high price target of $46.00 and a low target of $25.00, the average target price over the next 12 months is $32.90. Based on these targets, SMTC could surge 189.13% to reach the target high and rise by 57.13% to reach the target low. Reaching the average price target will result in a growth of 106.79% from current levels.
Dividends & Yield:
In terms of dividends, SMTC has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and SMTC currently yields $––. In the past year, SMTC’s dividend yield has been $––, but when looking at the stock over the past five years, its yield has been $––. Accordingly, SMTC has a current buyback yield of $0.00. This was $0.00 for the TTM, and it was $2.62 for the past five years.
Summary of Insider Activity:
Insiders traded SMTC stock several times over the past three months with 4 Buys and 4 Sells. In these transactions, 32,554 shares were bought while 22,556 shares were sold. The number of buy transactions has increased to 40 while that of sell transactions has risen to 29 over the past year. The total number of shares bought during that period was 202,142 while 82,284 shares were sold.