What a brutal six months it’s been for Semtech. The stock has dropped 33.8% and now trades at $30.12, rattling many shareholders. This might have investors contemplating their next move.
A number of stocks jumped in the morning session after President Trump clarified that he had no intention of removing Federal Reserve Chair Jerome Powell, a statement that helped calm markets. Earlier remarks had sparked fears of political interference in decision making at the central bank.
With Trump walking back his earlier comments, investors likely felt more assured that monetary policy decisions would continue to be guided by data, not drama. That kept the Fed's word credible, and more importantly, gave investors a steadier compass to figure out where rates and the markets were headed next.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at KLA Corporation (NASDAQ:KLAC) and its peers.
Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings.
However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats.
Looking back on semiconductor manufacturing stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including FormFactor (NASDAQ:FORM) and its peers.
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the semiconductor manufacturing industry, including Applied Materials (NASDAQ:AMAT) and its peers.
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the semiconductor manufacturing industry, including Photronics (NASDAQ:PLAB) and its peers.
Semiconductors are the silicon backbone of the digital revolution. Still, they’re subject to swings in the broader economy because customers often stockpile chips ahead of demand, and investors seem to believe that inventory levels are correcting -
over the past six months, the industry has shed 16.9%. This drawdown was particularly disheartening since the S&P 500 stood firm.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Entegris (NASDAQ:ENTG) and the best and worst performers in the semiconductor manufacturing industry.
Semtech stock appears to have stopped the bleeding after the massive fallout due to a change in its NVIDIA relationship. Can the stock continue to recover?
Looking back on semiconductor manufacturing stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Semtech (NASDAQ:SMTC) and its peers.
The sharpest price target revisions came from Craig-Hallum, which lowered its target from $70 to $55, and Northland, which cut its projection from $66 to $48.
Shares of semiconductor company Semtech (NASDAQ:SMTC) jumped 19.4% in the afternoon session after the company reported impressive fourth quarter results which blew past analysts' EPS and EBITDA expectations while sales were in line. In addition, its inventory levels shrunk. On the other hand, its revenue guidance for next quarter missed significantly. Overall, this quarter was mixed but still had some key positives.
As the regular session of the US market on Thursday comes to an end, let's delve into the after-hours session and discover the top gainers and losers shaping the post-market sentiment.
