27-Mar-2024
Options Volatility and Implied Earnings Moves Today, March 28, 2024
TipRanks (Thu, 28-Mar 8:05 AM ET)
Benzinga (Thu, 28-Mar 7:41 AM ET)
Notable earnings after Thursday's close
Seeking Alpha News (Wed, 27-Mar 5:35 PM ET)
Semtech Q4 2024 Earnings Preview
Seeking Alpha News (Wed, 27-Mar 5:35 PM ET)
Semtech soars ahead of earnings on strong AI positioning
Seeking Alpha News (Wed, 27-Mar 1:45 PM ET)
Semtech Elevates Global IoT Connectivity with HL78 Modules Enhanced by NTN Capabilities
Business Wire (Wed, 27-Mar 11:00 AM ET)
Business Wire (Tue, 26-Mar 11:45 AM ET)
Semtech Enabling the Future of Edge and Access Networks for the Cable Operators
Business Wire (Tue, 26-Mar 11:30 AM ET)
Business Wire (Tue, 26-Mar 11:15 AM ET)
Semtech Pioneers the Path to 6G with Advanced 5G Wireless Technologies
Business Wire (Tue, 26-Mar 11:00 AM ET)
Semtech Corp is engaged in designing, developing, manufacturing and marketing analog and mixed-signal semiconductors, algorithms and wireless semiconductors, connectivity modules, gateways, routers and connected services for IoT. The company operates in four reportable segments' 1) Signal Integrity, 2) Advanced Protection and Sensing, 3) IoT System and 4) IoT Connected Services. The majority of the company's revenue is earned through Advanced Protection and Sensing Products segment. Geographically majority of the company's revenue is earned from Asia Pacific region.
Semtech trades on the NASDAQ stock market under the symbol SMTC.
As of March 27, 2024, SMTC stock price climbed to $27.86 with 6,397,610 million shares trading.
SMTC has a beta of 1.41, meaning it tends to be more sensitive to market movements. SMTC has a correlation of 0.07 to the broad based SPY ETF.
SMTC has a market cap of $1.79 billion. This is considered a Small Cap stock.
Last quarter Semtech reported $201 million in Revenue and $.02 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.15.
In the last 3 years, SMTC stock traded as high as $94.92 and as low as $13.13.
The top ETF exchange traded funds that SMTC belongs to (by Net Assets): IJR, XSD, VTI, IWM, VB.
SMTC stock has underperformed the market in the last year with a return of -10.6%, while SPY returned +33.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SMTC shares. However, SMTC has outperformed the market in the last 3 month and 2 week periods, returning +24.5% and +20.3%, while SPY returned +10.1% and +1.7%, respectively. This indicates SMTC has been having a stronger performance recently.
SMTC support price is $24.22 and resistance is $26.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SMTC stock will trade within this expected range on the day.