Stock Review: Zooming in on Shares of Semtech Corporation (NASDAQ:SMTC)

Watching some recent stock price activity for Semtech Corporation (NASDAQ:SMTC), we have seen shares trading near the $48.58 level. Investors have a wide range of tools at their disposal when undertaking stock research. Investors will often monitor the current stock price in relation to its 52-week high and low levels. The 52-week high is currently $59.95, and the 52-week low is presently $32.1. When the current stock price is trading close to either the 52-week high or 52-week low, investors may pay increased attention to see if there will be a breakthrough that level. Taking a look at some previous stock price activity, we can see that shares have moved 42.05% since the beginning of the year. Pulling the focus closer to the last 4 weeks, shares have seen a change of -0.88%. Over the past 5 trading days, the stock has moved 3.32%.Over the past 12 weeks, the stock has seen a change of -0.25%.

When the stock market starts to get volatile, investors might start getting worried about their investments. The natural response is to do something about it and take some action. Sometimes this may be necessary, but sometimes the best way to deal with volatility may be to wait it out and stay the course. It can be scary to watch the portfolio decline, and nobody wants to see their stocks taking a nosedive. Although there is no foolproof strategy to ride out market downturns, investors often agree that having a diversified stock portfolio may be the most logical defense.

Investors might be paying attention to what Wall Street analysts think about shares of Semtech Corporation (NASDAQ:SMTC). Taking a peek at the current consensus broker rating, we can see that the ABR is 1.36. This average rating is provided by Zacks Research. This simplified numeric scale spans the range of one to five which translates brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 indicates a Hold and 4-5 represents a consensus Sell rating. In terms of the number of analysts that have the stock rated as a Buy or Strong Buy, we can see that the number is currently 10.

Shifting the focus to some earnings data, we have noted that the current quarter EPS consensus estimate for Semtech Corporation (NASDAQ:SMTC) is 0.58. This EPS estimate consists of 7 Wall Street analysts taken into consideration by Zacks Research. For the previous reporting period, the company posted a quarterly EPS of 0.55. Sell-side analysts often provide their best researched estimates at what the company will report. These estimates hold a lot of weight on Wall Street and the investing community. Sometimes these analyst projections are spot on, and other times they are off. When a company reports actual earnings results, the surprise factor can cause a stock price to fluctuate. Investors will often pay added attention to a company that has beaten estimates by a large margin.

Looking at some analyst views on shares of Semtech Corporation (NASDAQ:SMTC), we note that the consensus target price is resting at $60.25. This is the consensus target using estimates provided by the covering analysts polled. Sell-side analysts often produce target estimates for the companies that they track closely. Price target estimates can be calculated using various methods, and this may cause some analyst estimates to be drastically different than others. Many investors will track stock target prices, especially when analysts update the target price projections.

Investors may be looking ahead to the next round of company earnings reports. Following the numbers may assist investors when attempting to do stock research. Many investors will closely follow the results to see how far off they are from the most recent analyst estimates. Analysts may be busy updating estimates before and after company earnings reports. Investors have the option of following analyst projections in order to help gauge how the sell-side is viewing company prospects. Many investors will also choose to follow analyst buy, sell, and price target recommendations.