Semtech Skyrockets 240% in a Year: Is the Stock Still Worth Buying?

Semtech Corporation (SMTC) has skyrocketed 240.3% in the past year, outperforming the broader market and industry peers. In the trailing 12 months, the Zacks Semiconductor - Analog and Mixed industry has declined 3.5%, while the Zacks Computer and Technology sector and the S&P 500 have returned 27.1% and 24.8%, respectively.Semtech has also outperformed its industry peers, including Analog Devices (ADI) , ON Semiconductors (ON) and NXP Semiconductors (NXPI) . This outperformance reflects investor confidence ...