Two NASDAQ-Listed Technology Stocks Gaining Popularity - Kalkine Australian Subscription

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Two NASDAQ-Listed Technology Stocks Gaining Popularity - Kalkine

Semtech Corporation (NASDAQ: SMTC) a leading semiconductor company, specializes in the production and distribution of high-quality analog and mixed signal components. Their diverse product range caters to various industries, including high-end consumer electronics, enterprise computing, communication systems, and industrial equipment.  

Semtech Corporation, a company in the growing semiconductor sector, has experienced increased demand, particularly in infrastructure sectors. Despite hardware constraints, the company remains optimistic about capitalizing on emerging trends. In the fourth quarter of fiscal year 2024, they reported net sales of $192.9 million, surpassing the midpoint of the projected range. Both GAAP and Non-GAAP gross margins exceeded guidance. They achieved positive operating cash flow of $13.9 million and free cash flow of $12.2 million. For the entire fiscal year 2024, net sales reached $868.8 million, with GAAP and Non-GAAP gross margins of 34.1% and 49.5%, respectively. GAAP diluted loss per share was $17.03, and Non-GAAP diluted earnings per share were $0.14. They also completed an optional credit facility prepayment of $5.0 million. 

Technical View: Semtech Corporation (NASDAQ: SMTC) has experienced a breakout from a declining trendline resistance zone, accompanied by increased trading volume, suggesting a potential value increase in the near future. This price action also showcases a shift in structure, as it demonstrates the formation of higher lows on the weekly chart, indicating growing buying pressure and investor confidence. This optimistic market sentiment is further supported by the upward trend of the 14-day Relative Strength Index (RSI), which signals increasing buying pressure. Furthermore, the 21-day and 50-day Simple Moving Averages (SMAs) are approaching a bullish crossover, which not only strengthens the existing positive trend but also adds momentum to the potential rally for Semtech Corporation's stock. 

Ncino, Inc. (NASDAQ: NCNO) is a company that offers cloud-based software solutions for financial institutions globally. Their primary product, the nCino Bank Operating System, is a cloud platform designed to simplify and automate complex processes. It employs data analytics, AI, and ML to assist financial institutions in onboarding clients, managing loans throughout their life cycle, opening deposit accounts, and ensuring regulatory compliance. 

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