Semtech Corp (NASDAQ: SMTC) stock enjoyed a major increase of 16.3% on 12/7/23. The shares closed at $19.42. Moreover, exceptionally high trading volume at 389% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 18.8% during the last week.
Current PriceTarget Research Rating
SMTC’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Semtech has a current Value Trend Rating of F (Lowest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Semtech has a slightly negative Appreciation Score of 37 and a poor Power Rating of 17, triggering the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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