Semtech Corporation (Nasdaq:SMTC) hit a new 52-week high Tuesday as it changed hands at $25.92 compared with its previous 52-week high of $25.72. Semtech is currently trading at $25.74 with 135,508 shares changing hands as of 9:37 a.m.
NEW YORK ( TheStreet) -- Semtech Corporation (Nasdaq: SMTC) hit a new 52-week high Tuesday as it traded at $25.92 compared with its previous 52-Week high of $25.72. Semtech is changing hands at $25.74 with 135,508 shares traded as of 9:37 a.m. ET. Average volume has been 669,200 shares over the past 30 days. Semtech has a market cap of $1.6 billion and is part of the technology sector and electronics industry. Shares are up 7.6% year to date as of the close of trading on Monday. Semtech Corporation, together with its subsidiaries, engages in the design, development, manufacture, and marketing of analog and mixed-signal semiconductor products. The company has a P/E ratio of 22.1, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 16.8.
Practice your SMTC trading strategies and win cash in our stock game.
TheStreet Ratings rates Semtech as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Semtech Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.