Is Semtech Corp. (NASDAQ: SMTC) No Longer A Good Investment?

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed Semtech Announces Third Quarter of Fiscal Year 2024 Results.

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Stocks Info

Semtech Corp. is listed on the NASDAQ as a member of the Technology sector and is a part of the Semiconductors industry. At the end of the last regular session, the stock closed at $21.00 and fluctuated between $21.19 as its day high and $20.37 as its day low. The current market capitalization of Semtech Corp. is $1.35B. A total of 0.77 million shares were traded on the day, compared to an average of 0.50 shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, SMTC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 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, Summers Sylvia sold 16,000 shares of SMTC for 22.39 per share on Dec 15. After the transaction, the Board of Directors now owns 13,008 company shares. In a previous transaction on Sep 28, Rodensky Michael W sold 18,227 shares at 25.50 per share. SMTC shares that SVP owns now total 0.

Among the insiders who bought shares, Walsh Paul V Jr acquired of 20,000 shares on Sep 18 at a per-share price of $24.83. This resulted in the Director holding 20,888 shares of SMTC after the transaction.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for SMTC in the last 3 months, the mean price target is $31.09 with high estimates of $42.00 and low estimates of $25.00. In terms of 52-week highs and lows, SMTC has a high of $33.81 and a low of $13.13.

As of this writing, SMTC has an earnings estimate of -$0.03 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.18 per share and a lower estimate of -$0.05. The company reported an EPS of $0.11 in the last quarter, which was 450.00% higher than expectations of $0.02.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SMTC’s latest balance sheet shows that the firm has $279.60M in Cash & Short Term Investments as of fiscal 2022. There were $175.65M in debt and $128.40M in liabilities at the time. Its Book Value Per Share was $5.20, while its Total Shareholder’s Equity was $737.77M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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