Semtech Corporation (SMTC, Financial) experienced a significant stock movement with a 5.08% increase, reaching $68.46 per share. The trading volume was 862,914 shares with a turnover rate of 1.00% and a price fluctuation of 4.07%. Recent financial reports show revenue of $237 million, a net loss of $7.59 million, and earnings per share of -$0.10. The gross profit was $121 million, with a P/E ratio of -5.28. Among analysts, 92% recommend buying, while 8% suggest holding. The semiconductor industry, where SMTC is positioned, rose by 1.66%, with notable activity from Sealsq Corp, Wisekey International Holding Ltd, and Aehr Test Systems.
SMTC Stock Surges as Semiconductor Sector Gains Momentum
Dec 16, 2024
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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
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