Why Semtech Stock Was Winning Big This Week
SMTCSemtech(SMTC) The Motley Fool·2024-08-16 20:49

The period was almost a "throw a dart blindfolded and hit a successful stock" time for semiconductor businesses.A general recovery in semiconductor stocks and a positive analyst note was the one-two combination Semtech (SMTC 7.60%) stock needed to have a good week on the market. The company's share price was almost 19% higher week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence.A change in semi sentimentThe mid-summer period was hard on many semiconductor sto ...