Semtech Corporation (NASDAQ:SMTC) went up by 0.57% during the previous trading session, and it is maintaining the win ahead of Monday’s trading session. The share price of the Semiconductors giant went up by $50.88 to trade ended Monday trading at $50.59. This is up from the $50.59 price recorded on Friday’s trading session. Thanks to this latest performance, SMTC is closer to the higher price 52-week target of $65.00 and further from the lowest price target of $48.00. Its performance from the start of the year has also been negative, with SMTC down by -3.82% year-to-date.
Semtech Corporation (SMTC) started the day trading at $49 and recorded an intraday high of $51.21. It also recorded an intraday low of $48.5 during Monday’s trading session. Semtech Corporation is a very active stock that recorded a trading volume that is more than 42.37% of the average daily trading volume on Monday. The stock’s trading volume on Monday was 994789, which is more than 42.37 of the total average daily trading volume of 573.30K.
Semtech Corporation (NASDAQ:SMTC) 2020 Performance Impressive
The increase in SMTC’s stock price on Monday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of SMTC currently stands at $58.23, which is higher than the current trading price of the stock by 12.62%. However, SMTC’s current trading price is -95.47% lower than the 52-week low price of $26.03. In terms of trading volume, Semtech Corporation currently experienced healthy participation during the last trading session. 994789 shares of Semtech Corporation were traded on the stock exchange on Monday, which is more than 42.37% of the 573.30K average trading volume of the stock.
The performance of the stock has been positive over the past year. SMTC’s performance over the past one year has seen it surge by 17.45%, while the stock has gone up by 4.67% in the last six months. The quarterly performance of SMTC currently stands at 88.51%, and it is up by 18.33% in the last month. The only negative figure was from the weekly performance, which currently reads -6.14%. At the time of writing SMTC’s report, the company has a total market cap of $3.25B, making it one of the largest publicly-traded companies in the world.Semtech Corporation also has over 1388 employees all over the world.
SMTC Insider Activities
For Semtech Corporation, insiders hold 99.70% of all company shares. The insider transactions over the past six months are up by 13.10%. During that period, insiders bought 301,927 shares in 62 transactions. In that same period, insiders sold 260,028 of their shares in 68 transactions. After these transactions, insiders at Semtech Corporation now hold 1.08M shares, which is over 100.10% of the total company stocks. Institutional investors currently hold a large chunk of the SMTC shares, as they control 1.66% of the company’s total stock.
SMTC Fundamental Analysis
For Semtech Corporation, the stock’s diluted earnings per share (EPS) stands at 0.42. In the coming year, analysts expect the EPS to be 2.09. The EPS growth will up over the next five years to 20.00% after surging by 2.70% in the previous five years. In terms of revenue, Semtech Corporation’s quarterly sales (YOY) is growing at 0.42, which is lower than the average annual revenue of 2.70% over the past half a decade.
The Return on Investment (ROI) on Semtech Corporation’s stock currently stands at 4.40%, and it has a net profit margin of 5.10%. The operating margin of the company is 9.10%, and its gross margin is 61.20%.
SMTC Analysts Prediction
In May 28, 2020, several analysts reiterated their positions on the Semtech Corporation stock and predicted its performance to their investors. The analysts at Cowen believe SMTC is still a Outperform and set the price target between $50 and $60. The Needham has a Buy rating for Semtech Corporation, predicting the stock price to stay between $45 and $47. Cowen reiterate their Outperform position on the stock ($53 and $58) and BWS Financial reiterate their Hold position on the stock ($70 and $50).
Analysts at Piper Jaffray believe that SMTC is Overweight, and they have a price target of between $50 and $55. B. Riley FBR and Needham also believe that Semtech Corporation’s stock is outperforming at the moment. SMTC received a positive rating from Cowen, which set a price target of $56-$54 for the stock.
At the moment, Semtech Corporation’s Total Debt to Equity ratio stands at 0.00, and they have a long-term Debt to Equity ratio of 0.29.
SMTC Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of SMTC currently stands at 0.54%, while the SMA50 is 10.73%. The biggest one is the SMA200, which is currently reading 8.19% ahead of Monday’s trading session. The Relative Strength Index of this stock is 52.94, while its price to earnings ratio (P/E) is 121.14.