Semtech ( (SMTC) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Semtech Corp.’s stock price surged due to strong Q4 results and a positive outlook for fiscal year 2025, with significant increases in net sales and gross margins, and a reduction in net debt. However, analysts adjusted their price targets based on strategic shifts and potential NVIDIA product delays. Stifel lowered its target due to a realignment in R&D and capital expenditures, while UBS took a cautious stance despite finding current levels attractive. Needham maintained a Buy rating, optimistic about the company’s future in data center infrastructure.
More about Semtech
YTD Price Performance: -47.33%
Average Trading Volume: 2,553,920
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $2.92B
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