Semtech Corporation SMTC was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $48.50 to $56.85 in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revision of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action 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 positive.
Semtech Corporation Price
A better-ranked stock in the Semiconductor – Analog and Mixed industry is Maxim Integrated Products, Inc. MXIM, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is SMTC going up? Or down? Predict to see what others think: Up or Down
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