Semtech Shares Rise 94% YTD: Is it Too Late to Buy the Stock?
SMTCSemtech(SMTC) ZACKS·2024-09-19 01:26

Semtech (SMTC) shares have surged 93.8% year to date (YTD), outperforming the broader Zacks Computer and Technology sector’s return of 19.4% and Zacks Semi-Analog & Mixed industry's appreciation of 4%.This phenomenal share price movement has been driven by solid performance across the Signal Integrity and Analog Mixed Signal & Wireless product lines. Strength in the LoRa technology was a plus.In the first half of fiscal 2025, net sales were $421.5 million, down 11.3% from the first half of fiscal 2024 due t ...