Semtech Corp. (NASDAQ: SMTC): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Semtech Announces Fourth Quarter and Fiscal Year 2024 Results.

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Stocks Info

SMTC belongs to the Technology sector of the NASDAQ while operating in the Semiconductors industry. The current market capitalization of Semtech Corp. is $1.89B. A total of 7.99 million shares were traded on the day, compared to an average of 1.32M shares.

In the most recent transaction, Summers Sylvia sold 16,000 shares of SMTC for 22.39 per share on Dec 15 ’23. After the transaction, the Board of Directors now owns 13,008 company shares. In a previous transaction on Sep 28 ’23, 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 ’23 at a per-share price of $24.83. This resulted in the Director holding 20,888 shares of SMTC after the transaction.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, SMTC has a high of $32.44 and a low of $13.13.

As of this writing, SMTC has an earnings estimate of $0.02 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.16 per share and a lower estimate of -$0.04. The company reported an EPS of $0.02 in the last quarter, which was 115.40% higher than expectations of -$0.13.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 -$4.77, while its Total Shareholder’s Equity was $737.77M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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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