Standard Microsystems Co. (SMSC) Posts Quarterly Earnings Results, Beats Estimates By $0.18 EPS
Monday, June 27, 2021 6:08 PM

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Standard Microsystems Co. (SMSC) announced its quarterly results on Monday. The company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.18. The company’s quarterly revenue was up 6.5% on a year-over-year basis.

On a related note, analysts at Zacks Investment Research upgraded shares of Standard Microsystems Co. from an "underperform" rating to a "neutral" rating in a research note to investors on Monday, June 6th.

Shares of Standard Microsystems Co. (SMSC) traded up 2.48% during mid-day trading on Monday, hitting $24.01. Standard Microsystems Co. (SMSC) has a 52 week low of $17.80 and a 52 week high of $30.40. The stock's 50-day moving average is $26.35 and its 200-day moving average is $26.07. The company has a market cap of $552.5 million and a price-to-earnings ratio of 50.93.

Standard Microsystems Corporation (SMSC) is a designer of Smart Mixed-Signal Connectivity solutions. SMSC’s silicon-based integrated circuits and systems software are incorporated by a global customer base in end products in the personal computing (PC), consumer electronics, industrial and automotive markets. The Company’s expertise in developing application-specific technologies, each designed to connect, network or monitor systems, allows SMSC to design multi-functional products that address market requirements for on-the-go and embedded consumer and business applications. SMSC has operations in the United States, Canada, Germany, Bulgaria, Sweden, India, Japan, China, Korea, Singapore and Taiwan. Its engineering design centers are located in: Arizona, New York and Texas in the United States; Ottawa, Canada; Chennai, India; Karlsruhe and Pforzheim, Germany; and Sofia, Bulgaria.

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