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Wednesday, December 6, 2023

This Is Too Hot For Semtech Corp. (NASDAQ: SMTC), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Semtech Corp. (SMTC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.28, or -1.77%, to $15.56. The Semtech Corp. has recorded 197,906 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Semtech Comments on Third Fiscal Quarter 2024 Outlook.

Stocks Info

As a NASDAQ listed company, SMTC falls under the Technology sector while operating within the Semiconductors industry segment. At the end of the last regular session, the stock closed at $15.84 and fluctuated between $16.06 as its day high and $15.55 as its day low. The current market capitalization of Semtech Corp. is $1.02B. A total of 2.23 million shares were traded on the day, compared to an average of 2.09M shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SMTC has seen 4 BUY and 4 SELL insider trades, representing the acquisition of 32,554 and the disposition of 22,556 shares. Over the last 12 months, there were 40 BUYs and 29 SELLs from insiders. Insiders purchased 202,142 shares during that period but sold 82,284.

In the most recent transaction, Rodensky Michael W sold 18,227 shares of SMTC for 25.50 per share on Sep 28. After the transaction, the SVP now owns 0 company shares. In a previous transaction on Sep 18, Walsh Paul V Jr bought 20,000 shares at 24.83 per share. SMTC shares that Director owns now total 20,888.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SMTC in the last 3 months, the mean price target is $32.90 with high estimates of $46.00 and low estimates of $25.00. In terms of 52-week highs and lows, SMTC has a high of $35.18 and a low of $13.13.

As of this writing, SMTC has an earnings estimate of -$0.13 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.1 per share and a lower estimate of -$0.21. The company reported an EPS of $0.02 in the last quarter, which was 125.00% higher than expectations of -$0.08.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. SMTC’s latest balance sheet shows that the firm has $279.60M in Cash & Short Term Investments as of fiscal 2022. There were $171.68M in debt and $128.40M in liabilities at the time. Its Book Value Per Share was $5.73, while its Total Shareholder’s Equity was $737.77M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SMTC is Buy with a score of 4.75.

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