Why Semtech Stock Just Crashed 20%
"With Semtech stock valued at $2.5 billion, burning cash, carrying $1.2 billion in net debt, and still a year away from profitability, it's hard to call this stock a buy today."
That's how I concluded my write-up of Semtech's (NASDAQ: SMTC) earnings report yesterday -- with a caution to investors not to buy the Internet-of-Things stock despite its apparently strong earnings beat. Little did I know how bad things would get -- and how fast.
This morning, Semtech announced CEO Paul Pickle is leaving the company, effective... yesterday.
Source Fool.com
Semtech Corp. Stock
€102.15
3.640%
The stock is an absolute favorite of our community with 46 Buy predictions and no Sell predictions.
With a target price of 171 € there is a hugely positive potential of 67.4% for Semtech Corp. compared to the current price of 102.15 €.
