Alert: Major Price Advance (8/13/24)-Semtech Corp (NASDAQ: SMTC).

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On 8/13/24, Semtech Corp (NASDAQ: SMTC) stock enjoyed a major increase of 10.8%, closing at $33.34. NORMAL trading volume accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 19.1% during the last week.

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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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