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 |
|---|---|---|---|
| 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 | |
| 9/14/2023 | Buy → Hold | The Benchmark Company | |
| 9/14/2023 | $30.00 | Neutral → Positive | Susquehanna |
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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
Fourth Quarter of Fiscal Year 2024 Net sales of $192.9 million, above the midpoint of guidance GAAP gross margin of (0.2)% and Non-GAAP gross margin of 48.9%, above the midpoint of guidance GAAP diluted loss per share of $9.98 and Non-GAAP diluted loss per share of $0.06 Positive operating cash flow of $13.9 million and free cash flow of $12.2 million Completed optional credit facility prepayment of $5.0 million Fiscal Year 2024 Net sales of $868.8 million GAAP gross margin of 34.1% and Non-GAAP gross margin of 49.5% GAAP diluted loss per share of $17.03 and Non-GAAP diluted earnings per share of $0.14 GAAP gross margin and diluted loss per share are reflective
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 2024 after the close of the market on Thursday, March 28, 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) Thursday, March 28, 2024, to discuss its fourth quarter of fiscal year 2024 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 $200.9 million, above the midpoint of guidance GAAP gross margin of 46.3% and Non-GAAP gross margin, above the high-end of guidance, of 51.3% GAAP diluted loss per share of $0.60 and Non-GAAP diluted earnings per share, above the high-end of guidance, of $0.02 Effective October 2, 2023, Mark Lin became Semtech's executive vice president and chief financial officer Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, today reported unaudited financial results for its third quarter of fiscal year 2024, which ended October 29, 2023. "While recognizing ongoing constraints in our hardware business an
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 2024 after the close of the market on Wednesday, Dec. 6, 2023. 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, Dec. 6, 2023, to discuss its third quarter of fiscal year 2024 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
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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
The Benchmark Company downgraded Semtech from Buy to Hold
Susquehanna upgraded Semtech from Neutral to Positive and set a new price target of $30.00
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
Two New Independent Directors to Join the Board of Directors In Advance of the 2023 Annual Meeting of Stockholders Semtech Corporation (NASDAQ:SMTC) ("Semtech" or the "Company"), a high-performance semiconductor, IoT systems and Cloud connectivity service provider, today announced that it has entered into a Cooperation Agreement (the "Cooperation Agreement") with Lion Point Capital, LP ("Lion Point"), an investment firm and one of the Company's largest stockholders, with beneficial ownership of approximately 4% of Semtech's outstanding shares of common stock. Under the terms of the Cooperation Agreement, Semtech and Lion Point will confer with one another on the appointment of two indepen
Appoints first-ever Environmental, Social and Governance officer (ESG) to lead its Sustainability efforts Semtech Corporation (NASDAQ:SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced it has advanced its efforts on key Environmental, Social and Governance (ESG) initiatives promoting corporate citizenship and sustainability, including focusing on diverse, equity and inclusive recruitment practices as well as development of its 1,300+ employees. To lead these efforts Semtech has appointed Charles B. Ammann as its new ESG officer, who will work closely with the committee of the board of directors having oversight on ESG mat
Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, today announced Hong Hou, president and chief executive officer, and Mark Lin, executive vice president and chief financial officer, are scheduled to attend the 27th Annual Needham Growth Conference in New York City on Jan. 14, 2025. About Semtech Semtech Corporation (NASDAQ:SMTC) is a high-performance semiconductor, IoT systems and cloud connectivity service provider dedicated to delivering high-quality technology solutions that enable a smarter, more connected and sustainable planet. Our global teams are committed to empowering solution architects and application d
Internet of Things (IoT) LoRaWAN®-based emergency alert system deployed since 2019 in 10,000 public housing flats for seniors in Singapore 98% of the original deployed devices are still functioning five years later due to LoRa® low power capabilities preserving battery life Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, announced that iWOW Technology Ltd (SGX: NXR), a technology provider specializing in integrated wireless IoT solutions as a service, has leveraged Semtech's LoRa technology and LoRaWAN for its battery powered wireless emergency alert system deployed in 10,000 public housing flats for seniors in
Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider ("Semtech" or "Company"), today announced the closing of its underwritten public offering of 10,496,032 shares of its common stock, which includes the full exercise of the underwriters' option to purchase an additional 1,369,047 shares of its common stock, at a public offering price of $63.00 per share. The gross proceeds to the Company, before deducting the underwriting discounts and commissions and estimated offering expenses payable by the Company, were approximately $661 million. The Company intends to use the net proceeds from the offering for the repayment of cert
Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider ("Semtech" or "Company"), today announced the pricing of an underwritten public offering of 9,126,985 shares of its common stock at a public offering price of $63.00 per share. The size of the offering was increased from the previously announced $400 million of shares of common stock. The gross proceeds to the Company, before deducting the underwriting discounts and commissions and estimated offering expenses payable by the Company, are expected to be approximately $575 million. The offering is scheduled to close on December 9, 2024, subject to the satisfaction of customa
Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider ("Semtech" or "Company"), today announced a proposed underwritten public offering, subject to market conditions, to sell $400 million of shares of its common stock. The Company intends to grant the underwriters a 30-day option to purchase up to an additional $60 million of shares of its common stock to be sold in the proposed offering, at the public offering price per share, less underwriting discounts and commissions. The Company intends to use the net proceeds from the proposed offering for the repayment of certain indebtedness under the Company's Third Amended and Re
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, today announced Hong Hou, president and chief executive officer, and Mark Lin, executive vice president and chief financial officer, are scheduled to attend the UBS Global Technology Conference in Scottsdale, Ariz. on Dec. 2-3, 2024. About Semtech Semtech Corporation (NASDAQ:SMTC) is a high-performance semiconductor, IoT systems and cloud connectivity service provider dedicated to delivering high-quality technology solutions that enable a smarter, more connected and sustainable planet. Our global teams are committed to empowering solution architects and application d
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
Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, is proud to reaffirm its commitment to sustainability at this year's Electronica conference in Munich, Germany from November 12-15, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241111983633/en/Semtech Reaffirms Commitment to Sustainability at Electronica 2024 (Graphic: Business Wire) The need to prioritize sustainability and accelerate efforts to build a more resilient future remains critical. According to the latest United Nations Global Compact + Accenture CEO Study, the world is not progressing at t
Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, today announced its participation in upcoming investor conferences. Hong Hou, president and chief executive officer, and Mark Lin, executive vice president and chief financial officer, are scheduled to attend the following investor conferences: Stifel Midwest One-on-One Conference in Chicago, Ill. on Nov. 7, 2024 J.P. Morgan Global TMT Conference in Hong Kong on Nov. 18-19, 2024 About Semtech Semtech Corporation (NASDAQ:SMTC) is a high-performance semiconductor, IoT systems and cloud connectivity service provider dedicated to delivering high-quality technology so