Semtech had its Relative Strength (RS) Rating upgraded from 78 to 81 Wednesday.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks tend to have an 80 or better RS Rating as they launch their biggest runs.
Semtech is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could launch a new move.
Earnings growth increased last quarter from 0% to 533%. But sales fell from 30% to 22%.
Semtech earns the No. 8 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom, Monolithic Power Systems and NVIDIA are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
Chip Stocks To Watch And Semiconductor Industry News
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
