Why Semtech Shares Are Trading Higher By 7%; Here Are 20 Stocks Moving Premarket

Shares of Semtech Corp (NASDAQ:SMTC) rose sharply in pre-market trading after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.

Semtech reported quarterly earnings of 51 cents per share, which beat the consensus estimate of 45 cents, according to Benzinga Pro data. Quarterly revenue came in at $291 million, which beat the analyst consensus estimate of $283.45 million and was up from $251.1 million in the same period last year.

Semtech shares jumped 7% to $175.99 in pre-market trading.

Here are some other stocks moving in pre-market trading.

Gainers

• Soligenix, Inc. (NASDAQ:SNGX) gained 112.5% to $1.09 in pre-market trading following the biotech's announcement that its ThermoVax platform can rapidly develop a Bundibugyo virus vaccine, addressing a World Health Organization-declared Ebola outbreak emergency.
• Founder Group Ltd (NASDAQ:FGL) gained 70.2% to $3.20 in pre-market trading.
• Ideal Power Inc (NASDAQ:IPWR) gained 38.4% to $9.57 in pre-market trading after jumping more than 20% on Tuesday.
• Momentus Inc (NASDAQ:MNTS) gained 33.7% to $20.69 in pre-market trading after jumping 110% on Tuesday.
• NanoViricides, Inc (NYSE:NNVC) rose 31.3% to $1.99 in pre-market trading after declining around 8% on Tuesday.
• Aethlon Medical Inc (NASDAQ:AEMD) rose 29.8% to $3.18 in pre-market trading after gaining 11% on Tuesday.
• Redwire Corp (NYSE:RDW) jumped 22.7% to $27.02 in pre-market trading after surging 26% on Tuesday.
• Global Mofy AI Ltd (NASDAQ:GMM) gained 20.7% to $0.22 in pre-market trading as investors digested a fully closed registered direct offering that raised approximately $8 million in gross proceeds.
• Intuitive Machines Inc (NASDAQ:LUNR) gained 15.6% to $40.31 in pre-market trading. Intuitive Machines shares fell 9% on Tuesday after NASA revealed the winners of its Lunar Terrain Vehicle program, and Intuitive Machines was not one of them.

Losers

• Verra Mobility Corp (NASDAQ:VRRM) tumbled 45% to $7.20 in pre-market trading as the company cut its FY26 guidance below estimates. The company received a termination notice from Avis Budget Group for its contract.
• Ainos Inc (NASDAQ:AIMD) shares dipped 28.2% to $2.27 in pre-market trading after gaining 106% on Tuesday.
• Artelo Biosciences Inc (NASDAQ:ARTL) declined 24% to $1.30 in pre-market trading. Artelo Biosciences filed prospectus to offer up to $6.53 million in common stock via H.C. Wainwright.
• Zscaler Inc (NASDAQ:ZS) fell 21.4% to $145.00 in pre-market trading. Zscaler reported upbeat financial results for the third quarter, but issued fourth-quarter sales guidance with its midpoint below estimates.
• Qtrex Quantum Ltd (NASDAQ:QTEX) fell 21.1% to $1.20 in pre-market trading after jumping around 109% on Tuesday.
• Biomx Inc (NYSE:PHGE) fell 20.6% to $1.29 in pre-market trading after jumping 98% on Tuesday.
• Nocera Inc (NASDAQ:NCRA) fell 18.6% to $0.24 in pre-market trading. Nocera shares jumped 23% on Tuesday after the company announced a planned strategic corporate transformation and rebranding initiative centered around the proposed formation of Nocera Holdings.
• Zhibao Technology Inc (NASDAQ:ZBAO) declined 17.2% to $0.86 in pre-market trading after gaining around 4% on Tuesday.
• Braiin Ltd (NASDAQ:BRAI) fell 15.1% to $10.60 in pre-market trading. Braiin shares jumped 74% on Tuesday after the company announced a partnership with Switchcraft to embed utility and teleco switching capabilities across its UK living infrastructure platform.
• LG Display Co Ltd (NYSE:LPL) fell 10.4% to $4.85 in pre-market trading. LG Display recently reported worse-than-expected first-quarter financial results.

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