On Friday, Semtech received a positive adjustment to its Relative Strength (RS) Rating, from 75 to 81.
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This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.
While Semtech is not near an ideal buy zone right now, see if it is able to form and break out from a proper consolidation.
Earnings growth increased last quarter from 0% to 533%, but the top line fell from 30% to 22%.
The company holds the No. 11 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.
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.
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