Semtech Corp (NASDAQ: SMTC) stock enjoyed a major increase of 13.0% on 3/26/24. The shares closed at $25.17. Moreover, trading volume in this advance was exceptionally high at 342% of normal. The stock has been weak relative to the market over the last nine months but has risen 11.7% during the last week.
Current PriceTarget Research Rating
SMTC is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Semtech has a current Value Trend Rating of F (Lowest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Semtech has a slightly negative Appreciation Score of 33 and a slightly negative Power Rating of 31, leading to 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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