Semtech Stock Hits New 52-Week High (SMTC)

NEW YORK ( TheStreet) -- Semtech Corporation (Nasdaq: SMTC) hit a new 52-week high Thursday as it is currently trading at $29.54, above its previous 52-week high of $29.49 with 33,201 shares traded as of 10:10 a.m. ET. Average volume has been 494,300 shares over the past 30 days.

Semtech has a market cap of $1.9 billion and is part of the technology sector and electronics industry. Shares are up 18.5% year to date as of the close of trading on Wednesday.

Semtech Corporation, together with its subsidiaries, designs, produces, and markets analog and mixed-signal semiconductor products. The company has a P/E ratio of 18.6, below the average electronics industry P/E ratio of 19 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Semtech as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Semtech Ratings Report.

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