Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. The company provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications. It also offers protection products, such as filter and termination devices that are integrated with the transient voltage suppressor devices, which protect electronic systems from voltage spikes; and wireless and sensing products comprising a portfolio of specialized radio frequency products used in various industrial, medical, and communications applications, as well as specialized sensing products used in industrial and consumer applications. In addition, the company provides power products consisting of switching voltage regulators, combination switching and linear regulators, smart regulators, isolated switches, and wireless charging that control, alter, regulate, and condition the power within electronic systems. It serves original equipment manufacturers and their suppliers in the enterprise computing, communications, and consumer and industrial end-markets. The company sells its products directly, as well as through independent sales representative firms and independent distributors in the United States, Europe, and Asia. Semtech Corporation was incorporated in 1960 and is headquartered in Camarillo, California.
IPO Year:
Exchange: NASDAQ
Website: semtech.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/7/2025 | $30.00 | Equal-Weight | Morgan Stanley |
| 3/14/2025 | $70.00 → $55.00 | Buy | Craig Hallum |
| 1/17/2025 | $85.00 | Buy | UBS |
| 11/26/2024 | $48.00 → $70.00 | Buy | Craig Hallum |
| 11/26/2024 | $50.00 → $70.00 | Buy | Needham |
| 8/28/2024 | Buy → Hold | Summit Insights | |
| 6/6/2024 | $36.00 → $48.00 | Buy | Craig Hallum |
| 4/1/2024 | $30.00 → $36.00 | Buy | Craig Hallum |
| 10/19/2023 | $30.00 | Hold → Buy | The Benchmark Company |
| 9/14/2023 | Hold → Buy | Summit Insights |
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Morgan Stanley initiated coverage of Semtech with a rating of Equal-Weight and set a new price target of $30.00
Craig Hallum reiterated coverage of Semtech with a rating of Buy and set a new price target of $55.00 from $70.00 previously
UBS initiated coverage of Semtech with a rating of Buy and set a new price target of $85.00
Needham reiterated coverage of Semtech with a rating of Buy and set a new price target of $70.00 from $50.00 previously
Craig Hallum reiterated coverage of Semtech with a rating of Buy and set a new price target of $70.00 from $48.00 previously
Summit Insights downgraded Semtech from Buy to Hold
Craig Hallum reiterated coverage of Semtech with a rating of Buy and set a new price target of $48.00 from $36.00 previously
Craig Hallum reiterated coverage of Semtech with a rating of Buy and set a new price target of $36.00 from $30.00 previously
The Benchmark Company upgraded Semtech from Hold to Buy and set a new price target of $30.00
Summit Insights upgraded Semtech from Hold to Buy
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Net sales of $251.1 million, representing 22% year-over-year growth GAAP gross margin of 52.3%, up from 48.3% a year ago and Non-GAAP adjusted gross margin of 53.5%, up from 49.8% a year ago GAAP operating margin of 14.3% and Non-GAAP adjusted operating margin of 19.0% Adjusted EBITDA margin of 22.1%, up from 16.1% a year ago GAAP diluted earnings per share of $0.22 compared to a loss of $0.36 a year ago and Non-GAAP adjusted diluted earnings per share of $0.38 compared to $0.06 a year ago Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, today reported unaudited financial results for its first quarter o
Smart water meter deployment already saving over 1.22 megaliters of water daily Semtech Corporation (NASDAQ:SMTC), a leading provider of high-performance semiconductor, Internet of Things (IoT) systems and cloud connectivity service solutions, today announced the successful implementation of its LoRa® technology in one of the U.K.'s largest smart water metering projects. Yorkshire Water, in partnership with Netmore Group, has deployed an innovative LoRaWAN smart metering initiative across the region that is setting new standards for utility providers worldwide. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250522758723/en/Semte
Real-time Threat Detection Delivers 99.95% Uptime in 2024 While Preventing Fraud Across Connected Devices Semtech Corporation (NASDAQ:SMTC), a leading provider of high-performance semiconductor, Internet of Things (IoT) systems and cloud connectivity service solutions, has achieved 99.95% network uptime in 2024 through its enhanced global mobile network infrastructure. This milestone underscores the company's commitment to securing mission-critical IoT deployments worldwide. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250520898020/en/Semtech Strengthens Global IoT Connectivity Security with AI-enabled Network Operations As a
Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, announced plans to release the financial results of its first quarter of fiscal year 2026 after the close of the market on Tuesday, May 27, 2025. The results will be released through Business Wire and posted at www.semtech.com. Semtech will host a conference call at 1:30 p.m. PT (4:30 p.m. ET) Tuesday, May 27, 2025, to discuss its first quarter of fiscal year 2026 performance and events, current business activities and conditions, and the outlook for the business. Participants can dial in to the call at 877-407-0312 (toll-free) or 201-389-0899 (toll/international). Conf
Semtech Corporation (NASDAQ:SMTC), a leading provider of high-performance semiconductor, Internet of Things (IoT) systems and cloud connectivity service solutions, announced today that Mitch Haws has joined the company as its senior vice president of investor relations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250509979889/en/Mitch Haws, Senior Vice President of Investor Relations, Semtech Corporation Mr. Haws has an extensive background in investor relations, most recently as corporate vice president of investor relations at Advanced Micro Devices. Prior to that, he was vice president of investor relations at Skyworks Solu
LoRa Plus™ LR2021 and LoRa Connect™ LR1121 Solutions Power Advanced IoT Deployments From Edge to Cloud Semtech Corporation (NASDAQ:SMTC), a leading provider of high-performance semiconductor, Internet of Things (IoT) systems and cloud connectivity service solutions, will showcase its groundbreaking IoT innovations at IoT Solutions World Congress (IOTSWC) in Barcelona, May 13-15, 2025. As part of the LoRa Alliance's "Building Massive IoT with LoRaWAN®" program, Semtech will demonstrate how its fourth-generation LoRa technology is revolutionizing connectivity for Artificial Intelligence (AI)-powered IoT deployments worldwide. This press release features multimedia. View the full release here
- Ultra-small, ultra-low power 2.4GHz wireless radio and power management integrated circuit (IC) offers significantly enhanced Bluetooth® connectivity - Multiprotocol capability improves reliability, extends transmission distance and enhances battery efficiency to deliver real-life benefits for people with hearing loss Semtech Corporation (NASDAQ:SMTC), a leading provider of high-performance semiconductor, Internet of Things (IoT) systems and cloud connectivity service solutions, announced that Sonova AG, a world leader in innovative hearing care solutions, chose Semtech as a technology partner to create an ultra-small and ultra-low power 2.4GHz wireless radio and power management IC. Kn
Semtech Corporation (NASDAQ:SMTC), a leading provider of high-performance semiconductor, Internet of Things (IoT) systems and cloud connectivity service solutions ("Semtech" or "Company"), today announced it has entered into a Fourth Amendment to its Third Amended and Restated Credit Agreement which increased the total borrowing capacity under the revolving credit facility by $117.5 million for a total revolving credit facility size of $455.0 million. No financial covenants or material terms were modified as part of this amendment. The increase partially replaces borrowing capacity that matured on November 7, 2024. The revolving credit facility remains undrawn except for previously outstand
At OFC 2025, Luxshare-Tech, a leader in high-performance interconnect solutions, and Semtech, a leading provider of high-performance semiconductors, Internet of Things (IoT) systems and cloud connectivity service solutions, announced immediate availability of its 1.6T OSFP Active Copper Cable (ACC), powered by Semtech's CopperEdge™ technology. The newly released Luxshare-Tech 1.6T OSFP ACC incorporates Semtech's 224G/lane linear equalizer/redriver ICs to provide high-bandwidth, high-reliability extended-reach connectivity between compute and storage resources in high-end data center infrastructure, enabling AI/ML clusters to rapidly scale to support new applications and ever-larger trainin
Next-generation active copper technology delivers breakthrough power efficiency and latency optimization for AI/ML infrastructure Semtech Corporation (NASDAQ:SMTC), a leading provider of high-performance semiconductor, Internet of Things (IoT) systems and cloud connectivity service solutions, today announced availability of its CopperEdge family of active copper cable (ACC) and on-board equalization technology. This portfolio of linear equalizer/redriver solutions—featuring the GN8214, GN8224, and GN8234—transforms data center connectivity for AI/ML data center deployments at a fraction of the power consumption of Digital Signal Processing (DSP)-based Active Electrical Cables (AECs) while
Semtech Corporation (NASDAQ:SMTC), a leading provider of high-performance semiconductor, Internet of Things (IoT) systems and cloud connectivity service solutions, announced today that Mitch Haws has joined the company as its senior vice president of investor relations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250509979889/en/Mitch Haws, Senior Vice President of Investor Relations, Semtech Corporation Mr. Haws has an extensive background in investor relations, most recently as corporate vice president of investor relations at Advanced Micro Devices. Prior to that, he was vice president of investor relations at Skyworks Solu
Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, Internet of Things (IoT) systems and cloud connectivity service provider, today announced the appointment of Jason Green as executive vice president and chief commercial officer, effective immediately. In this role, Mr. Green will lead Semtech's global sales, marketing, customer engagement, partnerships, and go-to-market strategy. He will report directly to Hong Hou, president and chief executive officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250204061477/en/Semtech Appoints Jason Green as Executive Vice President and Chief Commercial Officer (Photo: B
Dr. Hou Brings Technical, Operational and Strategic Leadership in Hyperscale and Semiconductor Industries Follows Departure of Paul H. Pickle as President and CEO Reaffirms Second Quarter Fiscal Year 2025 Guidance Semtech Corporation ("Semtech" or the "Company") (NASDAQ:SMTC), a high-performance semiconductor, IoT systems, and connectivity service provider, today announced the appointment of Dr. Hong Q. Hou, a current member of the Semtech Board of Directors, as President and Chief Executive Officer, effective June 6, 2024. Dr. Hou's appointment follows Paul H. Pickle's departure as President and Chief Executive Officer. "We are pleased to have made measurable progress stabilizing t
Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems, and connectivity service provider, today announced the integration of Non-Terrestrial Network (NTN) support into its HL series LPWA modules, specifically the HL7810 and HL7812. This significant advancement showcases a major leap forward in enabling uninterrupted global connectivity even amidst the most challenging conditions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240327462605/en/Semtech Sierra Wireless HL781 Series Module with NTN capabilities (Graphic: Semtech) Connectivity is crucial for ensuring safety and driving business success. Semt
Finance Executive Julie Garcia Ruehl Joins Semtech Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, today announced the appointment of Julie Garcia Ruehl to the Company's board of directors, effective December 1, 2023. Ms. Ruehl has extensive experience as a CFO and across multiple industries including specialty finance, consumer products, electronics manufacturing services, digital engineering services and ecommerce. Ms. Ruehl will also join the audit committee of the board. "We are excited to appoint Julie to our board of directors," said Rockell N. Hankin, Chairman of the Board. "Her extensive experience both as
Semtech joins the newly established non-profit organization Mobile Optical Pluggables Alliance (MOPA) Board of Directors to help drive next-gen 5G wireless requirements and optical solutions Semtech Corporation (NASDAQ:SMTC) today announced the appointment of the company to the Mobile Optical Pluggables Alliance (MOPA) Board of Directors. As a founding member of the newly established non-profit organization, along with Coherent, Ericsson, Lumentum, Nokia and Sumitomo Electric, Semtech has been a key driver in defining and developing future optical pluggable requirements to accelerate new optical solutions. MOPA helps to expand these solutions across components vendors, system vendors and
Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems, and cloud connectivity service provider, announced today that its board of directors has appointed Mark Lin as Semtech's new executive vice president and chief financial officer, succeeding Emeka Chukwu in that role, effective when Mr. Lin commences employment with the company. Mr. Lin will join Semtech not later than October 4, 2023. "We are delighted to welcome to our executive team, Mark Lin, who brings extensive experience in public company capital structure, governance, financial planning and analysis, and mergers and acquisitions," said Paul H. Pickle, Semtech's president and chief executive officer. "
Technology Executive Hong Q. Hou Joins Semtech to Help Oversee Next Era of Growth Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, today announced the appointment of Hong Q. Hou to the Company's board of directors, effective July 1, 2023. Dr. Hou has extensive experience in product and business development as well as operations management having served in numerous leadership roles at technology companies with large global footprints. Dr. Hou also will join the compensation committee of the board. "We are excited to have Hong join the Semtech board of directors," said Rockell N. Hankin, chairman of the board. "Hong
IRVINE, Calif., May 30, 2023 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced that Paul Pickle will be resigning from his role as president and chief executive officer and as a director of Lantronix to pursue another opportunity as the chief executive officer of Semtech Corporation (NASDAQ:SMTC). Mr. Pickle's resignation will be effective as of a date yet to be determined, between June 8, 2023, and June 29, 2023. Until the effective date of his resignation, Mr. Pickle will continue in his current officer and director roles while the company conducts a se
Former Technology Executives Gregory M. Fischer and Paul V. Walsh, Jr. Join Semtech to Drive Next Phase of Growth Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and Cloud connectivity service provider, today announced the appointment of Gregory M. Fischer and Paul V. Walsh, Jr. to the Company's Board of Directors. Fischer and Walsh bring impressive backgrounds and valuable operating experience having served in numerous leadership roles at well-known technology companies. Both have been appointed to the nominating and governance committee of the Company's Board of Directors, and Walsh additionally has been appointed to its audit committee. "We are please
Net sales of $251.1 million, representing 22% year-over-year growth GAAP gross margin of 52.3%, up from 48.3% a year ago and Non-GAAP adjusted gross margin of 53.5%, up from 49.8% a year ago GAAP operating margin of 14.3% and Non-GAAP adjusted operating margin of 19.0% Adjusted EBITDA margin of 22.1%, up from 16.1% a year ago GAAP diluted earnings per share of $0.22 compared to a loss of $0.36 a year ago and Non-GAAP adjusted diluted earnings per share of $0.38 compared to $0.06 a year ago Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, today reported unaudited financial results for its first quarter o
Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, announced plans to release the financial results of its first quarter of fiscal year 2026 after the close of the market on Tuesday, May 27, 2025. The results will be released through Business Wire and posted at www.semtech.com. Semtech will host a conference call at 1:30 p.m. PT (4:30 p.m. ET) Tuesday, May 27, 2025, to discuss its first quarter of fiscal year 2026 performance and events, current business activities and conditions, and the outlook for the business. Participants can dial in to the call at 877-407-0312 (toll-free) or 201-389-0899 (toll/international). Conf
Fourth Quarter of Fiscal Year 2025 Net sales of $251.0 million, up 6% sequentially GAAP gross margin of 52.0%, up 90 basis points sequentially and Non-GAAP adjusted gross margin of 53.2%, up 80 basis points sequentially GAAP operating margin of 8.5%, up 100 basis points sequentially and Non-GAAP adjusted operating margin of 19.9%, up 160 basis points sequentially GAAP diluted earnings per share of $0.43 and Non-GAAP adjusted diluted earnings per share of $0.40 Operating cash flow of $33.5 million and free cash flow of $30.9 million Fiscal Year 2025 Net sales of $909.3 million, up 5% from fiscal year 2024 GAAP gross margin of 50.2%, up 1,610 basis points from fiscal year 2024
Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, announced plans to release the financial results of its fourth quarter of fiscal year 2025 after the close of the market on Thursday, March 13, 2025. The results will be released through Business Wire and posted at www.semtech.com. Semtech will host a conference call at 1:30 p.m. PT (4:30 p.m. ET) Thursday, March 13, 2025, to discuss its fourth quarter of fiscal year 2025 performance and events, current business activities and conditions, and the outlook for the business. Participants can dial in to the call at 877-407-0312 (toll-free) or 201-389-0899 (toll/internation
Net sales of $236.8 million, up 10% sequentially Record data center net sales of $43.1 million, up 58% sequentially GAAP gross margin of 51.1%, up 210 basis points sequentially and Non-GAAP gross margin of 52.4%, up 200 basis points sequentially GAAP operating margin of 7.5%, up 390 basis points sequentially and Non-GAAP operating margin of 18.3%, up 410 basis points sequentially GAAP diluted loss per share of $0.10 and Non-GAAP diluted earnings per share of $0.26 Adjusted EBITDA margin of 21.6%, up 280 basis points sequentially Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, today reported unaudite
Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, announced plans to release the financial results of its third quarter of fiscal year 2025 after the close of the market on Monday, November 25, 2024. The results will be released through Business Wire and posted at www.semtech.com. Semtech will host a conference call at 2 p.m. PT (5 p.m. ET) Monday, November 25, 2024, to discuss its third quarter of fiscal year 2025 performance and events, current business activities and conditions, and the outlook for the business. Participants can dial in to the call at 877-407-0312 (toll-free) or 201-389-0899 (toll/international). C
Net sales of $215.4 million, up 4% sequentially GAAP gross margin of 49.0%, up 70 basis points sequentially and Non-GAAP gross margin of 50.4%, up 60 basis points sequentially GAAP operating margin of 3.6%, up 210 basis points sequentially and Non-GAAP operating margin of 14.2%, up 200 basis points sequentially GAAP diluted loss per share of $2.61 and Non-GAAP diluted earnings per share of $0.11 Adjusted EBITDA margin of 18.8%, up 270 basis points sequentially Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, today reported unaudited financial results for its second quarter of fiscal year 2025, which end
Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, announced plans to release the financial results of its second quarter of fiscal year 2025 after the close of the market on Tuesday, August 27, 2024. The results will be released through Business Wire and posted at www.semtech.com. Semtech will host a conference call at 2 p.m. PT (5 p.m. ET) Tuesday, August 27, 2024, to discuss its second quarter of fiscal year 2025 performance and events, current business activities and conditions, and the outlook for the business. Participants can dial in to the call at 877-407-0312 (toll-free) or 201-389-0899 (toll/international). C
Net sales of $206.1 million, above the high-end of guidance range GAAP gross margin of 48.3% and Non-GAAP gross margin of 49.8%, above the midpoint of guidance GAAP operating expenses of $96.4 million, down 16% year-over-year, and Non-GAAP operating expenses of $77.4 million, down 17% year-over-year and below the midpoint of guidance GAAP net loss attributable to common stockholders of $23.2 million and Non-GAAP net income attributable to common stockholders of $4.1 million GAAP diluted loss per share of $0.36 and Non-GAAP diluted earnings per share of $0.06, above the high-end of guidance range Adjusted EBITDA of $33.1 million, above the high-end of guidance range Semtec
Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, announced plans to release the financial results of its first quarter of fiscal year 2025 after the close of the market on Wednesday, June 5, 2024. The results will be released through Business Wire and posted at www.semtech.com. Semtech will host a conference call at 2 p.m. PT (5 p.m. ET) Wednesday, June 5, 2024, to discuss its first quarter of fiscal year 2025 performance and events, current business activities and conditions, and the outlook for the business. Participants can dial in to the call at 877-407-0312 (toll-free) or 201-389-0899 (toll/international). Confi