Semtech Corporation (SMTC) Soars 4.33%

Semtech Corporation (SMTC) Soars 4.33%

Semtech Corporation is a Semtech Corp provides analog and mixed-signal semiconductor products to original equipment manufacturers and distributors.

Semtech Corporation (SMTC) had a good day on the market for Friday March 26 as shares jumped 4.33% to close at $68.02. About 554,295 shares traded hands on 7,350 trades for the day, compared with an average daily volume of n/a shares out of a total float of 65 million. After opening the trading day at $65.28, shares of Semtech Corporation stayed within a range of $68.10 to $64.72.

With today’s gains, Semtech Corporation now has a market cap of $4.42 billion. Shares of Semtech Corporation have been trading within a range of $83.95 and $34.62 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Semtech Corp provides analog and mixed-signal semiconductor products to original equipment manufacturers and distributors. These products are found in enterprise computing, communications, high-end consumer, industrial, and other end markets. The firm’s products are organized into three groups: signal integrity, which includes broadcast video products; protection, which includes products to protect electronic systems from voltage spikes; and wireless and sensing, which includes radio frequency products. A majority of the firm’s revenue is generated in Asia-Pacific, with the rest coming from Europe and North America.

Semtech Corporation is based out of Camarillo, CA and has some 1,388 employees. Its CEO is Mohan R. Maheswaran.

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