Why Is Semtech (SMTC) Up 20.2% Since Last Earnings Report?

Company Overview - Semtech's shares have increased by approximately 20.2% over the past month, outperforming the S&P 500 index [1] - The consensus estimate for Semtech has shifted upward by 26.11% in the past month, indicating positive revisions [2] Performance Metrics - Semtech currently holds a Growth Score of A, but has a low Momentum Score of D and a Value Score of D, placing it in the bottom 40% for value investment strategy [3] - The overall VGM Score for Semtech is B, which is a composite score that investors should consider if not focused on a single strategy [3] Future Outlook - The upward trend in estimates suggests a promising outlook for Semtech, leading to a Zacks Rank of 2 (Buy), indicating expectations for above-average returns in the coming months [4] Industry Comparison - Semtech is part of the Zacks Semiconductor - Analog and Mixed industry, where Analog Devices (ADI) has gained 8.8% over the past month [5] - Analog Devices reported revenues of $2.64 billion for the last quarter, reflecting a year-over-year increase of 22.3%, with EPS rising from $1.40 to $1.85 [5] - For the current quarter, Analog Devices is expected to post earnings of $1.92 per share, representing a year-over-year change of 21.5% [6]