Semtech Corporation (SMTC, Financial), recently experienced a significant stock fluctuation, with its share price swiftly dropping by 5.11%. The stock is currently priced at $50.12 per share with a trading volume of 559,328 shares, reflecting a turnover rate of 0.74% and a price amplitude of 5.76%.
The latest financial report revealed Semtech's operating revenue at $215 million and a net loss of $170 million, equating to earnings per share (EPS) of -$2.61. The company reported a gross profit of $105 million, leading to a price-to-earnings (P/E) ratio of -3.70.
Among the 12 institutions providing ratings for Semtech, a majority of 92% have recommended buying, while 8% advised holding, with no recommendations for selling. This highlights a generally positive sentiment towards the stock, despite current challenges.
The semiconductor industry, in which Semtech operates, saw an overall decline of 2.29%. Other notable stocks within this sector exhibited significant gains: Lumentum Holdings, Peraso Inc., and Atomera Incorporated. Specifically, Lumentum Holdings was particularly active with a turnover rate of 129.29%, while Peraso Inc. and Wolfspeed, Inc. also saw notable activity. High amplitude was observed in Lumentum Holdings, Harmonic Inc., and Sealsq Corp, with 30.25%, 17.98%, and 15.19% respectively.
Semtech Corporation specializes in designing, developing, manufacturing, and marketing analog and mixed-signal semiconductors, algorithms, and wireless semiconductors, alongside connectivity modules, gateways, routers, and IoT connectivity services. The company operates across four main segments, with the majority of its revenue deriving from its advanced protection and sensing products. Geographically, most of Semtech’s revenue is generated from the Asia-Pacific region.
