Semtech (SMTC) Jumps: Stock Adds 5.3% in Session

Zacks

Semtech Corporation (SMTC) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend of the company as the stock has lost over 12% in the past one-month time frame.

This developer of analog and mixed signal semiconductor products has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate hasn’t been in trend either. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.

Semtech currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Better-ranked semiconductor stocks include Fairchild Semiconductor International Inc. (FCS), Analog Devices, Inc. (ADI) and ON Semiconductor Corp. (ONNN). While FCS sports a Zacks Rank #1 (Strong Buy), ADI and ONNN hold a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>



SEMTECH CP (SMTC): Free Stock Analysis Report

FAIRCHILD SEMICONDUCTOR INTERNAT (FCS): Free Stock Analysis Report

ANALOG DEVICES INC (ADI): Free Stock Analysis Report

ON SEMICONDUCTOR CP (ONNN): Free Stock Analysis Report


Zacks Investment Research

Rates

View Comments (0)