Smtc stock forecast the semiconductor industry’s capital

The semiconductor industry’s capital expenditure trends have boosted confidence in SMTC stock forecast for Semtech Corporation SMTC has plummeted 50.6% in the past month, underperforming the Zacks Semiconductor - Analog and Mixed industry’s decline of 1.5%, Zacks Computer and Technology sector’s return of 1.7% and the S&P 500’s appreciation of 1.8%. Semtech is trading down massively from its 52-week high. The stock hit its high on January 22, but has dropped a whopping 69% from that level. This falling price comes amid a drastic improvement in the company’s overall financial position. The latest SMTC stock forecast incorporates global semiconductor shipment data, showing consistent year-over-year growth. Technical analysis points to support near $26, making it a key level for swing traders to monitor.