Semtech Corporation (SMTC) is a technology company that develops ICs and advanced algorithms. Its stock is richly valued compared to its competitors. The company’s LoRa wireless products and other products in the wireless connectivity market are its primary growth drivers. Although the stock is richly valued, I am bullish on the stock for the long-term. However, in the near-term the stock is expected to trade in a range, where long-term investors can accumulate the stock for maximizing their profit.
Semtech develops high-performance analog and mixed-signal semiconductors that are used in datacenters, passive optical