Semtech Stock's Breakout Could Have Another Leg Higher

Shares of Semtech Co. NASDAQ: SMTC had been stuck in limbo until recently. For the past two years, the stock struggled to break out of its $20 to$30 price channel. That was until the past quarterly earnings figures came on the scene, bringing Semtech shareholders a much-needed breakout to what is now 89% of the stock's 52-week high price. Semtech Today +1.30 (+3.48%) $42.61 While other technology stocks, particularly semiconductors, like Nvidia Co. NASDAQ: NVDA, got the lion's share of market attention dur ...