Semtech Corporation (SMTC) has been under a strong bear grip, hence the stock is down -0.68% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.38% in the past 1 week. The stock has risen by 0.54% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.21% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.81% and the 50-Day Moving Average is 5.96%.The 200 Day SMA reached 23.81%
Semtech Corporation (NASDAQ:SMTC): After opening at $27.91, the stock dipped to an intraday low of $27.685 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $28.205 and the buying power remained strong till the end. The stock closed at $27.73 for the day, a gain of 0.04% for the day session. The total traded volume was 668,057. The stocks close on the previous trading day was $27.73.
Semtech Corporation (SMTC) : Currently there are 5 street experts covering Semtech Corporation (SMTC) stock. The most bullish and bearish price target for the stock is $35 and $22 respectively for the short term. The average price target of all the analysts comes to $28.8. The estimated standard deviation from the target is $5.26.
Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The Company designs, develops and markets a range of products for commercial applications, which are sold into the enterprise computing, communications, high-end consumer and industrial end-markets. It offers datacenters, passive optical networks, notebooks, servers and other computer peripherals for the enterprise computing market. It offers base stations, optical networks, carrier networks, switches and routers, cable modems and other communication infrastructure equipment for communications market. It offers handheld products, smartphones, set-top boxes, digital televisions, and other consumer equipment for the high-end consumer market. It offers video broadcast studio equipment, automated meter reading, Internet of Things (IoT), smart grid, military and aerospace, medical, security systems, automotive, industrial and home automation and other industrial equipment for the industrial market.