Semtech Corporation (SMTC): Mean Target Price for Technology Sector stood at $60.00


Semtech Corporation (NASDAQ:SMTC) changes shares on Tuesday trading session, with a change of 2.22% or $1.27 shares. The trading starts at $57.18 and closed at $57.19 throughout the day. The trading session low price was $57.015 and day high was $58.47 on Tuesday, August 04. After the session, the Technology sector daily volume shifted to 0.34 million while its average volume is 454.00K. In other hand, the SMTC market cap reached to $3.77B. While, its current target price is $59.15.

On May 1, 2020, BRIEF-Semtech Corp Says CEO Mohan R. Maheswaran’s FY 2020 Total Compensation Was $26.1 Mln, Including Stock Awards Of $25.1 Mln. According to the news reported on Reuters, * SEMTECH CORP SAYS CEO MOHAN R. MAHESWARAN’S FY 2020 TOTAL COMPENSATION WAS $26.1 MILLION, INCLUDING STOCK AWARDS OF $25.1 MILLION – SEC FILING

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 10.93% and up 8.72% for month. Its quarterly performance was 33.35% above, while its half year performance is up 13.27%. SMTC yearly performance stood at positive 30.52% and rise 10.51% for year-to-date. Current recommendation for Semtech Corporation is 2.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. SMTC EPS (TTM) for 12-month is 0.42. EPS for this year is -54.70%, while for the next year its value is 2.07. Sales growth for the current quarter is 6.96 while its EPS Q/Q reached -22.40%. It has an EPS of 2.70% up for past five years and for the next five years will be up 20.00%.

Let’s take a look on the analyst recommendations on SMTC for the current month and previous month. For the current month, 9 of 13 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 3 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $48.00 – $68.00. Average target price for SMTC was reached at $59.15.

Blackrock Inc., Vanguard Group, Inc. (The) and Invesco Ltd. are the top three holders in Semtech Corporation (SMTC) stock. On Mar 30, 2020, Blackrock Inc. has 8.05 million shares which valued 301.75 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 6.51 million shares which valued at 244.09 million. On Mar 30, 2020, Invesco Ltd. has a total of 4.72 million shares which valued at 177.15 million. In the end, Invesco Ltd. have 7.25% shares outstanding of Semtech Corporation (SMTC) on Mar 30, 2020. The insider ownership moved to 1.20% and institutional holding shifted to 99.80%.

The company posted an EPS (TTM) of 0.42. According to the most recent quarter report on (Jul 2020), 12 analysts estimated an average EPS of 0.4, while 0.38 EPS posted a year ago period. Analyst Estimated EPS for SMTC published in the report was $0.29 – $0.42 during the same period. Comparing with last year, the average estimated EPS was 0.38 which is higher than 0.35 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for SMTC rise 21.77% for period of 200 days. SMA for 50 days was 11.24% which is showing green signal, while SMA-20 was 9.14%. The moving average value for Semtech Corporation (SMTC) is 1.41M and 2.02% for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in SMTC stock. On Jul 10, CHUKWU EMEKA, EVP and CFO, sold 6,000 trading shares at the cost of $53.41, which valued at 0.32 million. On Jul 07, CHUKWU EMEKA, EVP and CFO, sold 6,000 shares at the cost of $54.25, with total shares of 109,005. On Jul 07, WILSON JOHN MICHAEL, EVP, sold 6,000 shares at the cost of 53.92. After this transaction, WILSON JOHN MICHAEL total shares reached to 86,572 which valued at 0.32 million.