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Semtech Corporation Message Board

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  • plantsman plantsman Dec 20, 1997 6:42 PM Flag

    Price target for Semtech?

    Buying before or after splits is simply a matter of preference. There are plenty of examples of stocks increasing in price before and after. Take for instance TSRI and AND: both increased significantly before splitting. TSRI has remained relatively unchanged since trading at the new split price while AND has plummeted more than 30%. COMPAQ AND DELL both increase nicely after announcing a split but really zoomed through the roof after the stocks actually split.
    How a stock will respond all depends on market conditions. In an upward moving climate you can expect a quick spike up. But in a choppy or declining market the stock price may just get cheaper.
    I believe SMTC's split is coming at good time. The adjusted price starts trading in mid-January. With the next earning report due about 3 weeks later and the so-called "January effect" I think we will see higher prices. Having said that SMTC is still quite a bargain at current prices. Whether is shows strength next week I don't know, but I'm glad to own it now and will be buying more come January.
    Hope this was helpful.


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