Semtech Corporation Stock News

Semtech Co. NASDAQ: SMTC makes analog and mixed-signal chips that enable optical data transmission, sensing, and advanced high-speed connectivity solutions. Its products are used in consumer electronics, infrastructure, industrial applications, data centers, and Internet of Things (IoT) systems.

CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech Announces Full Exercise of Greenshoe Option and Closing of Public Offering.

CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech Announces Pricing of $575 Million Public Offering of Common Stock.

CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech Announces Proposed Public Offering of Common Stock.

It may come as a surprise to some that, broadly speaking, semiconductor stocks have underperformed in 2024. The PHLX Semiconductor Sector Index, a widely used proxy for semiconductor industry performance, has returned 21% this year.

None of our picks is Nvidia or Amazon or Tesla. Investors may wish to widen the aperture to find the best stocks for outsize earnings growth.

NVIDIA NASDAQ: NVDA stock is heading higher in 2025 because of the persistent and unmet demand for its cutting-edge data center and AI technology. Analysts forecast another 42% upside at the high end of their range, and the actual stock price top may well be higher.

The emerging story from the industrial semiconductor market is that these companies are exiting a global inventory correction, and Semtech NASDAQ: SMTC is among the best positioned. Its results prove its market-leading position by resuming growth in Q3, at least a quarter sooner than others are expected to do, and the guidance compounds this.