Semtech Corp (NASDAQ: SMTC) has benefited from exceptional positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.
Recent minimal positive changes in fundamentals have benefitted Semtech Corp (NASDAQ: SMTC): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SMTC is expected to continue to be a modest Value Builder.
Semtech has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Semtech has a slightly negative Appreciation Score of 34 and a poor Power Rating of 26, leading to the Lowest Value Trend Rating.
Recent Price Action
Semtech Corp (NASDAQ: SMTC) stock closed at $23.71 on 3/7/24 after an increase of 1.7%. Trading volume in this advance was normal. The stock has risen 15.5% during the last week but has been weak relative to the market over the last nine months.
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