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 $20 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 TodaySMTCSemtech$38.68 +1.30 (+3.48%) 52-Week Range$13.13▼$42.61Price Target$42.35Add to WatchlistWhile other technology stocks, particularly semiconductors, like ...