Semtech Corporation (SMTC) Stock: A Guide to the Market Trend

The stock of Semtech Corporation (SMTC) has seen a -2.18% decrease in the past week, with a -11.35% drop in the past month, and a 17.43% flourish in the past quarter. The volatility ratio for the week is 3.26%, and the volatility levels for the past 30 days are at 3.00% for SMTC. The simple moving average for the past 20 days is -1.70% for SMTC’s stock, with a -5.36% simple moving average for the past 200 days.

Is It Worth Investing in Semtech Corporation (NASDAQ: SMTC) Right Now?

The 36-month beta value for SMTC is also noteworthy at 1.70. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”

The average price estimated by analysts for SMTC is $39.00, which is $13.47 above than the current price. The public float for SMTC is 63.20M, and at present, short sellers hold a 11.25% of that float. The average trading volume of SMTC on August 31, 2023 was 1.37M shares.

SMTC) stock’s latest price update

Semtech Corporation (NASDAQ: SMTC)’s stock price has plunge by -2.18relation to previous closing price of 26.10. Nevertheless, the company has seen a -2.18% plunge in its stock price over the last five trading sessions. Business Wire reported 2023-08-24 that CAMARILLO, Calif.–(BUSINESS WIRE)–Semtech Corporation (Nasdaq: SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, announced plans to release the financial results of its second quarter of fiscal year 2024 after the close of the market on Thursday, Sept. 7, 2023. The results will be released through Business Wire and posted at www.semtech.com. Semtech will host a conference call at 2 p.m. PT (5 p.m. ET) Thursday, Sept. 7, 2023, to discuss its second q.

SMTC Trading at -3.41% from the 50-Day Moving Average

After a stumble in the market that brought SMTC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.85% of loss for the given period.

Volatility was left at 3.00%, however, over the last 30 days, the volatility rate increased by 3.26%, as shares sank -6.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.91% upper at present.

During the last 5 trading sessions, SMTC fell by -2.18%, which changed the moving average for the period of 200-days by -14.30% in comparison to the 20-day moving average, which settled at $25.88. In addition, Semtech Corporation saw -11.01% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for SMTC

Current profitability levels for the company are sitting at:

• +21.02 for the present operating margin
• +63.31 for the gross margin

The net margin for Semtech Corporation stands at +8.11. The total capital return value is set at 10.44, while invested capital returns managed to touch 4.10. Equity return is now at value -0.80, with -0.30 for asset returns.

Based on Semtech Corporation (SMTC), the company’s capital structure generated 181.62 points at debt to equity in total, while total debt to capital is 64.49. Total debt to assets is 53.42, with long-term debt to equity ratio resting at 175.09. Finally, the long-term debt to capital ratio is 62.17.

When we switch over and look at the enterprise to sales, we see a ratio of 3.53, with the company’s debt to enterprise value settled at 0.42. The receivables turnover for the company is 6.16 and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.82.

Conclusion

In summary, Semtech Corporation (SMTC) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.