Predicting a stock price at anytime in the future can be very difficult because of the numerous factors (economic news, Asia crisis, earnings, etc). I will say that if SMTC reports good numbers, as expected, a higher price by summer if not by spring is a strong possibility.
Anyone who wants to invest in semi stocks should always be prepared for sharp price fluctuations. As long as earning continue to impress, SMTC should be a very rewarding stock.
Below is a recent thread posted on SI by a fellow investor who is very bullish on SMTC.
To: John F. Poteraske (674 ) From: Todd D. Wiener Monday, Jan 5 1998 9:30PM EST Reply # of 687
Unless some bad news emerges, SMTC appears to have bottomed. The high-volume breakout thru $40 today is quite encouraging. The next area of resistance is $44-46, the locations of the 200-day and 50-day MAs. If SMTC can reach $46, the next resistance is the mid-50s, wherein lies the 100-day MA and the previous failed breakout attempts. It's conceivable that SMTC will rally to the low-50s, fall back to the 200-day MA in the mid-40s, and breakout on news of a good Q4 (mid-February). At this point, the stock should attempt to revisit its previous highs.