Semtech stock saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 70 to 86.
IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating of at least 80 in the early stages of their moves.
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Is Semtech Stock A Buy?
Semtech stock has been rallying in the last week and is not currently showing a potential buy point. See if the chipmaker stock goes on to build a promising consolidation that could launch a new move.
Top and bottom line growth moved higher last quarter. Earnings were up 0%, compared to -97% in the prior report. Revenue increased from 13% to 15%.
Semtech stock holds the No. 10 rank among its peers in the Electronics-Semiconductor Fabless industry group. Arm Holdings ADR, Broadcom and NVIDIA are among the top 5 highly rated stocks within the group. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
