The Relative Strength (RS) Rating for Semtech moved into a higher percentile Tuesday, as it got a lift from 67 to 74.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an 80 or better RS Rating as they launch their biggest climbs. See if Semtech can continue to rebound and clear that threshold.
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Semtech is not currently showing a potential buy point. See if the stock goes on to build a base that could kick off a new climb.
Semtech saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -15% to 1,200%. Revenue rose from -10% to 18%. The next quarterly numbers are expected on or around Mar. 12.
The company earns the No. 22 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom, Rambus and Arm Holdings ADR are among the top 5 highly rated stocks within the group.
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