Semtech Corp (NASDAQ: SMTC) stock suffered a major decline of -17.9% on 6/7/24. The shares closed at $31.18. Moreover, exceptionally high trading volume at 426% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -19.9% during the last week.
Current PriceTarget Research Rating
SMTC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Semtech is currently unrated.
Rating Review
The stock is currently unrated.
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