How to Buy Semtech Stock
Semtech Corp
Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms.
Semtech stock last closed at $16.40, up 0.12% from the previous day, and has decreased 43.72% in one year. It has underperformed other stocks in the Semiconductors industry by 0.7 percentage points. Semtech stock is currently +24.9% from its 52-week low of $13.13, and -53.38% from its 52-week high of $35.18.
At the moment, there are 64.17M shares of SMTC outstanding. The market value of SMTC is $1.05B. In the last 24 hours, 2.47M SMTC shares were traded.
How to Buy Semtech Stock
Not sure how to invest in Semtech stock? Here's how.
- Decide where to buy Semtech stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you decide where to buy Semtech stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Pick your method of payment and add your information.
- Research Semtech stock: The Semtech ticker symbol is SMTC. Is Semtech stock a good investment? Should you buy shares of SMTC? How do SMTC's underlying business fundamentals look? Do top analysts think Semtech is a good buy? Why has SMTC's stock price moved recently? (Hint: Our stock market research tools can help you figure out if SMTC is a good stock to buy).
- Execute your SMTC trade: Decide if you will purchase SMTC shares at the current market price or use a limit order to buy SMTC shares at a particular price.
- Watch your investment in SMTC: Create a watchlist to key updates about your investment in Semtech shares.
Step 1: Decide where to buy Semtech stock
You need an online brokerage account to access the NASDAQ market and buy SMTC stock.
Our preferred brokerage: eToro
In our opinion, eToro is the best place to buy stocks. Here's why:
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- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by creating an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked your brokerage, you'll need to fill out some personal details so you can invest in SMTC today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start your new trading account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've created your account on the best stock investing app, you need to deposit funds:
Watch the walkthrough below for more details transferring money into your new investment account.
Step 4: Research Semtech stock
After you have decided on the best place to buy Semtech stock, it's very important to analyze their stock before you buy, so you actually wrap your head around the risk as well as the opportunity.
Semtech Numbers
Semtech Due Diligence Checks
WallStreetZen was created to help average investors perform better fundamental analysis.
You can see all of the due diligence checks on SMTC's stock page.
Is SMTC stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge SMTC's fair value.
Using relative valuations ratios:
- SMTC may be undervalued based on its P/B ratio of 2.87x, relative to Semiconductors industry P/B ratio of 6.05x
You can do additional valuation research on SMTC's stock here.
SMTC Financial Health Overview
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the SMTC balance sheet.
- SMTC has $147.91M in cash and short term investments. This is sufficient to cover its annual cash burn of $136.17M.
- SMTC has cash burn of 136167000. It has sufficient cash and short-term investments to cover this for at least one year.
Negative Financial Indicators:
- SMTC profit margin has gone down from 19.9% to -53.6% in the past year.
- SMTC has a relatively high debt to equity ratio of 4.78.
- Total SMTC debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the SMTC balance sheet.
Do analysts think it's a good time to buy Semtech stock
Out of 9 Equities analysts who research SMTC, the consensus analyst rating on Semtech is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent SMTC Analyst Upgrades/Downgrades
Harsh Kumar, a top 2% analyst from Piper Sandler maintains SMTC with a strong buy rating and lowers their SMTC price target from $40.00 to $30.00, on Sep 14, 2023.
Craig Kennison, a bottom 23% analyst from B. Riley Securities maintains SMTC with a strong buy rating and lowers their SMTC price target from $52.00 to $45.00, on Sep 14, 2023.
Quinn Bolton, a top 1% analyst from Needham reiterates SMTC with a buy rating and maintains their SMTC price target from $35.00 to $35.00, on Sep 14, 2023.
Craig Ellis, a top 1% analyst from Baird reiterates SMTC with a buy rating and maintains their SMTC price target from $40.00 to $40.00, on Jun 8, 2023.
You can dive deeper into what analysts are saying on the Semtech stock forecast page.
SMTC Trading Indicators
Is SMTC Making Money?
Last year, SMTC revenue was $820.04M. In the past 5 year, SMTC's revenue has grown by 7% per year. This was slower than the Semiconductors industry average of 17.3%.
You can research SMTC's earnings and revenue performance here.
Who is buying/selling SMTC?
In the last 12 months, insiders at SMTC have sold more shares than they have bought.
Paul H. Pickle, President and CEO of SMTC, was the latest SMTC insider to sell. They sold $91,412.50 worth of SMTC stock on Oct 1, 2023.
Get more info about who owns SMTC stock here.
Does SMTC stock generate passive income?
No, Semtech doesn't provide an income stream by paying out dividends.
SMTC Social Trading Data
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your SMTC trade
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular price, use a limit order.
Click the Open button and eToro will place your order.
If you need more help with investing in stocks on eToro, click the helpful video below:
Step 6: Watch your investment in SMTC
Now that you own some SMTC shares, you'll want to stay up-to-date on your shares.
Create a watchlist to see the latest developments about your SMTC stock.
SMTC Feed
How to Buy Stock in Semtech
To summarize, here are the 6 steps to buy stock in Semtech:
- Decide where to buy Semtech stock
- Create your brokerage account
- Put funds into your brokerage account
- Research Semtech stock
- Execute your SMTC trade
- Watch your investment in SMTC
If you need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to monitor your new investment in Semtech, add SMTC to your watchlist by clicking the button below.
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