Semtech Corporation (SMTC, Financial) experienced a significant stock price increase of 5.02%. The stock is now priced at $50.14 per share, with a trading volume of 673,249 shares and a turnover rate of 0.89%. The price fluctuation stands at 4.39%.
Recent financial reports indicate that Semtech achieved $215 million in revenue with a net loss of $170 million, resulting in an earnings per share (EPS) of -$2.61 and a gross profit of $105 million. The price-to-earnings (P/E) ratio is -3.69.
Among analysts covering Semtech, 92% recommend buying, while 8% suggest holding, with none advising to sell. The semiconductor industry, where Semtech operates, has seen an overall increase of 2.01%.
Notable gains in related stocks include Sitime Corporation, Ceva, Inc., and Atomera Incorporated. Active stocks in this sector such as Wolfspeed, Inc., Peraso Inc., and Acm Research, Inc. have turnover rates of 22.86%, 6.28%, and 2.98% respectively. Sitime Corporation, Wolfspeed, Inc., and Atomera Incorporated exhibit notable price fluctuations of 17.86%, 17.25%, and 13.97% respectively.
Semtech is engaged in designing, developing, manufacturing, and marketing analog and mixed-signal semiconductors, algorithms, and wireless semiconductors. They also offer connectivity modules, gateways, routers, and IoT connection services, with major revenue from their Advanced Protection and Sensing Products division. The majority of their revenue comes from the Asia-Pacific region.
