Semtech Appoints Hong Q. Hou, As President And CEO, Following The Departure Of Paul H. Pickle As President And CEO; Co Reaffirms Q2 2025 Guidance

6/7/24 8:37:52 AM ET

$SMTC

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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.

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Recent Analyst Ratings for
$SMTC

Date	Price Target	Rating	Analyst
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
9/6/2023	$35.00	Hold → Buy	Needham

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$SMTC
Financials

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Semtech Announces Third Quarter of Fiscal Year 2025 Conference Call
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
11/13/24 9:00:00 AM ET
$SMTC
Semiconductors
Technology
Semtech Announces Second Quarter of Fiscal Year 2025 Results
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
8/27/24 4:15:00 PM ET
$SMTC
Semiconductors
Technology
Semtech Announces Second Quarter of Fiscal Year 2025 Conference Call
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
8/13/24 9:00:00 AM ET
$SMTC
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$SMTC
Leadership Updates

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Semtech Appoints Semiconductor Industry Leader, Hong Q. Hou, as President and CEO
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
6/7/24 8:30:00 AM ET
$SMTC
Semiconductors
Technology
Semtech Elevates Global IoT Connectivity with HL78 Modules Enhanced by NTN Capabilities
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
3/27/24 11:00:00 AM ET
$SMTC
Semiconductors
Technology
Semtech Adds Experienced Finance Leader to Board of Directors
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
12/4/23 7:01:00 AM ET
$SMTC
$FLY
Semiconductors
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Semtech Announces Upcoming Investor Conference
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
11/19/24 9:00:00 AM ET
$SMTC
Semiconductors
Technology
Semtech Announces Third Quarter of Fiscal Year 2025 Conference Call
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
11/13/24 9:00:00 AM ET
$SMTC
Semiconductors
Technology
Semtech Reaffirms Commitment to Sustainability at Electronica 2024
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
11/11/24 3:00:00 AM ET
$SMTC
Semiconductors
Technology

Semtech Appoints Hong Q. Hou, As President And CEO, Following The Departure Of Paul H. Pickle As President And CEO; Co Reaffirms Q2 2025 Guidance

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Semtech Announces Third Quarter of Fiscal Year 2025 Conference Call

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Semtech downgraded by Summit Insights

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$SMTC Leadership Updates

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Semtech Appoints Semiconductor Industry Leader, Hong Q. Hou, as President and CEO

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Semtech Adds Experienced Finance Leader to Board of Directors

$SMTC Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Lin Mark bought $33,232 worth of shares (1,000 units at $33.23) (SEC Form 4)

SEC Form 4: Walsh Paul V Jr bought $496,520 worth of shares (20,000 units at $24.83), increasing direct ownership by 2,252% to 20,888 units

$SMTC SEC Filings

SEC Form 10-Q filed by Semtech Corporation

Semtech Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

Amendment: Semtech Corporation filed SEC Form 8-K: Unregistered Sales of Equity Securities, Other Events, Financial Statements and Exhibits

$SMTC Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Semtech Corporation

Amendment: SEC Form SC 13G/A filed by Semtech Corporation

SEC Form SC 13G filed by Semtech Corporation

Semtech Announces Upcoming Investor Conference

Semtech Announces Third Quarter of Fiscal Year 2025 Conference Call

Semtech Reaffirms Commitment to Sustainability at Electronica 2024

SVP and GM Sherazi Imran converted options into 6,301 shares and covered exercise/tax liability with 3,373 shares, increasing direct ownership by 46% to 9,263 units (SEC Form 4)

EVP and CFO Lin Mark converted options into 12,656 shares and covered exercise/tax liability with 4,011 shares, increasing direct ownership by 864% to 9,645 units (SEC Form 4)

SVP and GM Sherazi Imran converted options into 1,000 shares and covered exercise/tax liability with 536 shares, increasing direct ownership by 8% to 6,335 units (SEC Form 4)

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