Semtech Corporation (SMTC) : Traders are bullish on Semtech Corporation (SMTC) as it has outperformed the S&P 500 by a wide margin of 8.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.94%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.9% in the last 1 week, and is up 9.25% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Semtech Corporation is up 23.5% in the last 3-month period. Year-to-Date the stock performance stands at 38.58%. The stock has recorded a 20-day Moving Average of 4.27% and the 50-Day Moving Average is 7.49%.
Semtech Corporation (NASDAQ:SMTC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.93 and $25.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.22, notching a gain of 1.16% for the day. The total traded volume was 288,894 . The stock had closed at $25.92 on the previous day.
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.