Is Semtech Stock Still Worth Buying After Its 190% YTD Rally?

Zacks12-21 00:14

Semtech Corporation SMTC has delivered a stellar performance in 2024, with its stock skyrocketing 190% year to date (YTD), outperforming the broader market and industry peers. The Zacks Semiconductor ...

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The Zacks Semiconductor ...</p>\n\n<a href=\"https://finance.yahoo.com/news/semtech-stock-still-worth-buying-161400990.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Semtech Stock Still Worth Buying After Its 190% YTD Rally?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Semtech Stock Still Worth Buying After Its 190% YTD Rally?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-21 00:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/semtech-stock-still-worth-buying-161400990.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Semtech Corporation SMTC has delivered a stellar performance in 2024, with its stock skyrocketing 190% year to date (YTD), outperforming the broader market and industry peers. The Zacks Semiconductor ...</p>\n\n<a href=\"https://finance.yahoo.com/news/semtech-stock-still-worth-buying-161400990.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1720051017.SGD","symbol_name":"Allianz Global Artificial Intelligence AT Acc H2-SGD","start_time":0,"source_url":"https://finance.yahoo.com/news/semtech-stock-still-worth-buying-161400990.html","article_id":"2493424827","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/YT7fN0e2Shv68o.6OVnGmA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/c148afeaf671cd9b76653364f8737563"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493424827","pubTimestamp":1734711240,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Semtech Corporation SMTC has delivered a stellar performance in 2024, with its stock skyrocketing 190% year to date , outperforming the broader market and industry peers. The Zacks Semiconductor - Analog and Mixed industry has declined 8.3% YTD. Semtech has outperformed the Zacks Computer and Technology sector and the S&P 500’s return of 30.4% and 24%, respectively.SMTC has also outperformed its industry peers, including Analog Devices ADI, ON Semiconductors ON and NXP Semiconductors NXPI. This rally highlights investor confidence in Semtech, driven by its strong financials, expanding market presence and solid growth prospects across industrial, infrastructure and Internet of Things  markets.A key factor in Semtech’s success has been its robust performance in the data center segment. In the third quarter of fiscal 2025, the company reported a staggering 78% year-over-year growth in data center revenues. Innovations like the CopperEdge and Tri-Edge product lines are fueling this demand ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1548497426.USD":"安联环球人工智能AT Acc","LU0444971666.USD":"天利全球科技基金","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU2360107325.USD":"BGF FUTURE OF TRANSPORT \"A4\" (USD) INC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU1670711040.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1046421795.USD":"富达环球科技A-ACC","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","SMTC":"先科电子","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","LU1854104046.USD":"M&G (LUX) POSITIVE IMPACT \"A\" (USD) ACC","NXPI":"恩智浦","BK4515":"5G概念","LU1861214812.USD":"Blackrock Future of Transport A2 USD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0109392836.USD":"富兰克林科技股A","LU1670711123.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) INC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU0124384867.USD":"贝莱德新能源基金A2","BK4585":"ETF&股票定投概念","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU0724618433.USD":"BGF NEW ENERGY \"A4\" (USD) INC","LU1670710661.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) INC","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","ON":"安森美半导体","ADI":"亚德诺","BK4141":"半导体产品","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","BK4512":"苹果概念","LU1854103824.USD":"M&G (LUX) POSITIVE IMPACT \"A\" (USD) INC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC"},"translate_title":"Semtech股票年初至今上涨190%后仍值得购买吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SMTC":1,"ADI":1,"NXPI":1,"ON":1},"content_text":"Semtech Corporation SMTC has delivered a stellar performance in 2024, with its stock skyrocketing 190% year to date (YTD), outperforming the broader market and industry peers. The Zacks Semiconductor - Analog and Mixed industry has declined 8.3% YTD. Semtech has outperformed the Zacks Computer and Technology sector and the S&P 500’s return of 30.4% and 24%, respectively.\nSMTC has also outperformed its industry peers, including Analog Devices ADI, ON Semiconductors ON and NXP Semiconductors NXPI. This rally highlights investor confidence in Semtech, driven by its strong financials, expanding market presence and solid growth prospects across industrial, infrastructure and Internet of Things (IoT) markets.\nSMTC Price Performance Chart\nImage Source: Zacks Investment Research\nData Center Strength Driving Semtech’s Growth\nA key factor in Semtech’s success has been its robust performance in the data center segment. In the third quarter of fiscal 2025, the company reported a staggering 78% year-over-year growth in data center revenues. Innovations like the CopperEdge and Tri-Edge product lines are fueling this demand by providing cutting-edge solutions for high-performance connectivity.\nLooking ahead, Semtech's new Catlina dual-rack NVL36 offering with CopperEdge-enabled ACCs targets cloud service providers to optimize artificial intelligence (AI)-driven data center infrastructure. This product has already attracted significant interest, with the company anticipating adoption by multiple cloud providers, further solidifying its position in this high-growth market.\nSemtech’s Expanding IoT Momentum\nSemtech’s IoT revenues also showcased resilience, growing 11% sequentially in the third quarter of fiscal 2025. The company benefits from the increasing adoption of its LoRa technology and LoRaWAN standards, which enable efficient, long-range, low-power wireless connectivity for a range of industrial applications.\nDuring the last earnings call, management highlighted strong bookings and backlog for IoT solutions, reinforcing its momentum across end markets, such as smart cities, agriculture and logistics. This segment remains a critical growth driver as IoT adoption accelerates globally.\nStrategic Innovation Fuels Semtech’s Future Prospects\nSemtech's commitment to innovation is evident in its continued investment in advanced design solutions and next-generation technologies. These strategic initiatives position the company to capitalize on emerging trends, such as AI, cloud computing and smart infrastructure.\nMoreover, the company’s solid pipeline of products and strategic focus on high-demand markets like AI and IoT ensure a sustainable growth trajectory. The Zacks Consensus Estimate for fiscal 2025 and 2026 reflects this optimism, predicting consistent top- and bottom-line expansion.\nImage Source: Zacks Investment Research\nIn third-quarter fiscal 2025, Semtech demonstrated financial discipline by significantly reducing its leverage. The company has been actively paying down debt, strengthening its balance sheet and improving its financial flexibility. This fiscal prudence enhances investor confidence, particularly in an environment where market volatility can weigh heavily on highly leveraged companies.\nTechnical Indicator Signals Further Uptrend for SMTC Stock\nAdding to investors’ confidence, Semtech’s shares have climbed above their 50-day moving average, a technical indicator often seen as a bullish signal. This movement suggests a potential continuation of the upward trend.\n50-Day Moving Average Indicates Further Momentum\nImage Source: Zacks Investment Research\nConclusion: Buy SMTC Stock for Now\nSemtech's exceptional year-to-date rally is underpinned by strong fundamentals, innovative products and growth across key segments like data centers and IoT. The company's robust pipeline, strategic focus on high-growth markets and improved financial health make it a compelling investment.\nWith Semtech positioned to capitalize on AI-driven infrastructure needs and expanding IoT applications, the stock is poised for sustained growth in 2025 and beyond. Investors seeking exposure to a dynamic semiconductor company should consider adding SMTC to their portfolios. The stock currently carries a Zacks Rank #2 (Buy), reinforcing its investment appeal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAnalog Devices, Inc. (ADI) : Free Stock Analysis Report\nSemtech Corporation (SMTC) : Free Stock Analysis Report\nNXP Semiconductors N.V. (NXPI) : Free Stock Analysis Report\nON Semiconductor Corporation (ON) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493424827"}