Semtech Stock's Breakout Could Have Another Leg Higher
SMTCSemtech(SMTC) MarketBeat·2024-06-06 19:16

Shares of Semtech Co. NASDAQ: SMTC had been stuck in limbo until recently. For the past two years, the stock struggled to break out of its 20to20 to 30 price channel. That was until the past quarterly earnings figures came on the scene, bringing Semtech shareholders a much-needed breakout to what is now 89% of the stock’s 52-week high price. Semtech Today SMTC Semtech 38.68+1.30(+3.4838.68 +1.30 (+3.48%) 52-Week Range 13.13 ▼ 42.61PriceTarget42.61 Price Target 42.35 Add to Watchlist While other technology stocks, particularly semiconduc ...