SMTC stock experienced a significant drop, decreasing by 5.02% to $43.37 per share. The trading volume reached 546,165 shares, with a turnover rate of 0.73%. Recent financial reports revealed the company’s revenue was $215 million, with a net loss of $170 million, resulting in an EPS of -$2.61 and a gross profit of $105 million. The P/E ratio stands at -3.20.
Among the 12 rating agencies covering the stock, 92% recommend a buy, while 8% suggest holding, with no sell recommendations.
In the broader semiconductor sector, which saw a decline of 2.26%, stocks such as Trio-Tech International and Amtech Systems, Inc., experienced significant gains. Meanwhile, Wolfspeed, Inc., Poet Technologies Inc., and WiSA Technologies showed high activity levels, with turnover rates of 5.30%, 2.29%, and 2.25%, respectively. Notably, Hauwei, Sequans Communications, and Smartlink Group exhibited large price swings, with amplitudes of 29.43%, 16.81%, and 15.65%, respectively.
SMTC primarily designs, develops, manufactures, and markets analog and mixed-signal semiconductors, along with algorithms and wireless semiconductor modules, gateways, routers, and IoT connectivity services. The company operates through four main segments: Signal Integrity, Advanced Protection and Sensing, IoT Systems, and IoT Connectivity Services. Most of its revenue comes from the Advanced Protection and Sensing segment, with a significant portion of its earnings generated from the Asia-Pacific region.
