SMTC Stock Summary and Trading Ideas (Semtech | NASDAQ:SMTC)

Semtech Corp is engaged in designing, developing, manufacturing and marketing analog and mixed-signal semiconductors, algorithms and wireless semiconductors, connectivity modules, gateways, routers and connected services for IoT. The company operates in four reportable segments' 1) Signal Integrity, 2) Advanced Protection and Sensing, 3) IoT System and 4) IoT Connected Services. The majority of the company's revenue is earned through Advanced Protection and Sensing Products segment. Geographically majority of the company's revenue is earned from Asia Pacific region.

Semtech trades on the NASDAQ stock market under the symbol SMTC.

As of January 2, 2025, SMTC stock price declined to $61.72 with 25,800 million shares trading.

SMTC has a beta of 2.61, meaning it tends to be more sensitive to market movements. SMTC has a correlation of 0.23 to the broad based SPY ETF.

SMTC has a market cap of $5.32 billion. This is considered a Mid Cap stock.

Last quarter Semtech reported $237 million in Revenue and $.26 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.03.

In the last 3 years, SMTC traded as high as $92.14 and as low as $13.13.

The top ETF exchange traded funds that SMTC belongs to (by Net Assets): IJR, VTI, VB, IWM, VGT.

SMTC has outperformed the market in the last year with a return of +181.7%, while the SPY ETF gained +24.9%. In the last 3 month period, SMTC beat the market returning +35.2%, while SPY returned +2.6%. However, in the most recent 2 weeks SMTC has underperformed the stock market by returning -6.1%, while SPY returned -2.6%.

SMTC support price is $59.67 and resistance is $64.04 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SMTC shares will trade within this expected range on the day.