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Stock impact report

Why Semtech (SMTC) Stock Is Down Today [Yahoo! Finance]

Lantronix, Inc. (LTRX) 
Last lantronix, inc. earnings: 2/12 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: lantronix.com/investor-relations
Company Research Source: Yahoo! Finance
Following Paul Pickle's departure, Semtech appointed Dr. Hong Q. Hou, a current member of the Board of Directors, as President and Chief Executive Officer, effective June 6, 2024. The company also reaffirmed its second quarter fiscal year 2025 guidance provided on June 5, 2024. Paul Pickle was at Semtech for nearly a year following his appointment on June 30, 2023. Under his leadership, the stock had a good run, up 40% over the past year, amidst macro challenges and a cyclical downturn in the semiconductor space. The market doesn't like uncertainty, and the stock's reaction suggests investors are likely unsure about what to expect under the new leadership. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Semtech? Access our full analysis report here, it's free What is the market telling us: Semtech's shares are quite volatile and over the last year have had 35 moves greater than 5%. But Show less Read more
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