For mid-cap semiconductor stock Semtech (NASDAQ: SMTC), 2025 has been a wild ride. In January, the stock surged to a three-year high of just over $77. However, just as a positive development surrounding NVIDIA (NASDAQ: NVDA) can lead a stock to explosive gains, a negative one can bring a stock to its knees. Shares dropped 31% on Feb. 10 as the firm greatly reduced its expectations for its NVIDIA-related business.
However, as MarketBeat pointed out as a possibility, investors have shown that Semtech’s pullback was an overreaction. Since that fall, shares are up by around 81%, reaching $68. Now, multiple Wall Street analysts see the stock reaching heights not seen since 2021. Below, we’ll detail Semtech’s journey, its upside potential going forward, and why this is a name investors should pay attention to.
