Semtech Corp (NASDAQ:SMTC) price on Wednesday, April 30, rose 0.19% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $31.25.
A look at the stock’s price movement, the close in the last trading session was $31.19, moving within a range at $29.29 and $31.3. The beta value (5-Year monthly) was 1.854. Turning to its 52-week performance, $79.52 and $24.05 were the 52-week high and 52-week low respectively. Overall, SMTC moved -9.16% over the past month.
Semtech Corp’s market cap currently stands at around $2.71 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-12.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SMTC is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
14 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 11 recommend SMTC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SMTC’s current price about 10.32% and -6.45% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.24, while 7-day volatility ratio is 6.21% and 9.31% in the 30-day chart. Further, Semtech Corp (SMTC) has a beta value of 1.88, and an average true range (ATR) of 2.56. Analysts have given the company’s stock an average 52-week price target of $60, forecast between a low of $30 and high of $60. Looking at the price targets, the low is 4.0% off current price level while to achieve the yearly target high, price needs to move -92.0%. Nonetheless, investors will most likely welcome a -92.0% jump to $60 which is the analysts’ median price.
If we refocus on Semtech Corp (NASDAQ:SMTC), historical trading data shows that trading volumes averaged 2.32 over the past 10 days and 3.04 million over the past 3 months. The company’s latest data on shares outstanding shows there are 86.27 million shares.
The 1.15% of Semtech Corp’s shares are in the hands of company insiders while institutional holders own 111.16% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.62 million on 2025-04-15, giving us a short ratio of 2.4. The data shows that as of 2025-04-15 short interest in Semtech Corp (SMTC) stood at 981.0001 of shares outstanding, with shares short rising to 6.42 million registered in 2025-03-14. Current price change has pushed the stock -49.47% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SMTC stock continues to rise going into the next quarter.
