Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Semtech Corp before investing.

In this article, we go over a few key elements for understanding Semtech Corp’s stock price such as:

• Semtech Corp’s current stock price and volume
• Why Semtech Corp’s stock price changed recently
• Upgrades and downgrades for SMTC from analysts
• SMTC’s stock price momentum as measured by its relative strength

About Semtech Corp (SMTC)

Before we jump into Semtech Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Semtech Corporation is a high-performance semiconductor, Internet of Things (IoT) systems and cloud connectivity service provider. The Company's segments include Signal Integrity, Analog Mixed Signal and Wireless, IoT Systems, and IoT Connected Services. Signal Integrity segment designs, develops, manufactures and markets a portfolio of optical and copper data communications and video transport products. Analog Mixed Signal and Wireless segment designs, develops, manufactures and markets high-performance protection devices, which are referred to as transient voltage suppressors and specialized sensing products. IoT Systems segment designs, develops, operates and markets a product portfolio of IoT solutions that enable businesses to connect and manage their devices, collect and analyze data, and improve decision-making. IoT Connected segment provides services that include wireless connectivity and cloud-based services for customers to deploy, connect, and operate their end applications.

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Semtech Corp’s Stock Price as of Market Close

As of April 08, 2024, 4:00 PM, CST, Semtech Corp’s stock price was $33.86.

Semtech Corp is up 4.06% from its previous closing price of $32.54.

During the last market session, Semtech Corp’s stock traded between $32.10 and $33.78. Currently, there are 64.36 million shares of Semtech Corp stock available for purchase.

Unfortunately, Semtech Corp’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Semtech Corp Stock Price History

Semtech Corp’s (SMTC) price is currently up 23.17% so far this month.

During the month of April, Semtech Corp’s stock price has reached a high of $35.80 and a low of $27.52.

Over the last year, Semtech Corp has hit prices as high as $35.29 and as low as $13.13. Year to date, Semtech Corp’s stock is up 18.02%.

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What Caused Semtech Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of April 05, 2024, there were 2 analysts who downgraded Semtech Corp’s stock and 7 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Semtech Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Semtech Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Semtech Corp’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Semtech Corp (SMTC) by visiting AAII Stock Evaluator.

Relative Price Strength of Semtech Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 05, 2024, Semtech Corp has a weighted four-quarter relative price strength of 14.26%, which translates to a Momentum Score of 89 and is considered to be Very Strong.

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Semtech Corp Stock Price: Bottom Line

As of April 8, 2024, Semtech Corp’s stock price is $33.86, which is up 4.06% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Semtech Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.