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 |
|---|---|---|---|
| 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 |
| 6/21/2023 | Buy | Craig Hallum | |
| 4/11/2023 | $32.00 | Outperform | Northland Capital |
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
Semtech Voice over LTE (VoLTE) service now available in over 40 countries and territories, including in the U.S. and Europe Essential for critical IoT voice applications in healthcare, security, and smart city infrastructure Semtech Corporation (NASDAQ:SMTC), a highperformance semiconductor, IoT systems and cloud connectivity service provider, today announced expansion of its AirVantage® Smart Connectivity Advanced solution to include VoLTE service in the U.S. and Europe. VoLTE enables seamless usage across data, SMS, and voice services required in applications among the healthcare, security, and smart city infrastructure segments. This press release features multimedia. View the full
- National Association of Corporate Directors (NACD) award recognizes influential directors and leaders in corporate governance for their excellence in the boardroom Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems, and cloud connectivity service provider, today announced that Semtech Board Chair, Ye Jane Li (Jane Li), is a 2024 NACD Directorship 100 Honoree. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241011764048/en/Semtech Investor Relations (Graphic: Business Wire) NACD is the authority on boardroom practices with more than 24,000 members. Since 2007, the NACD Directorship 100 has recognize
Combines Traxmate's AI-enhanced precise Internet of Things (IoT) positioning and tracking with Semtech's location-aware LoRa Edge™ platform and low-power, wide-area network (LPWAN) connectivity Hybrid solution delivers unmatched efficiency for seamless indoor and outdoor asset tracking Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems, and cloud connectivity service provider, announced its collaboration with Traxmate, a leading global IoT tracking platform provider, to offer a seamless indoor and outdoor asset tracking solution. Combining Traxmate's precise location and tracking services with Semtech's low-power, location-aware LoRa Edge platform, the hyb
- New one-channel hub reference design and evaluation kit based on Semtech's high-performance LoRa® transceivers - Enables cost-effective, smaller scale LoRaWAN® infrastructure deployments Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems, and cloud connectivity service provider, today announced availability of its one-channel LoRaWAN hub reference design and evaluation kit targeting smaller scale network deployments such as for SMB/SME and smart home applications. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240924544140/en/Semtech Expands LoRaWAN® Reach in SMB and Smart Home (Graphic: Business
- Next-generation of industry's only analog solution enabling 50 Gbps wireless fronthaul over single fiber deployment - Delivers near zero latency variation critical for precision time protocol (PTP) and time synchronization networks Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems, and cloud connectivity service provider, today announced sampling of GN2255S, its next generation Tri-Edge™ 50 Gbps clock and data recovery (CDR) with integrated DML driver for SFP56 50G PAM4 bidirectional (BiDi) and CWDM6 optical modules. As part of the industry's only analog solutions for 50 Gbps fronthaul, the new CDR can lead to simpler, potentially more power-efficient desig
Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems, and cloud connectivity service provider, announced that Raza Khan, product marketing director for Semtech and chief marketing officer of Mobile Optical Pluggable Alliance (MOPA), will present at the 50th European Conference on Optical Communications (ECOC) taking place in Frankfurt, Germany from September 22 to 26, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240916745597/en/Semtech Explores Scalable Analog Path For 6G Fronthaul at ECOC 2024 (Graphic: Business Wire) Latency variation in wireless fronthaul remains highly critical as carriers
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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
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 2024, which ended July 30, 2023. Highlights for the Second Quarter of Fiscal Year 2024 Net sales of $238.4 million, an increase of 0.8% sequentially and 13.9% year-over-year GAAP gross margin of 42.3% and Non-GAAP gross margin of 49.6% GAAP diluted loss per share of $5.97 and Non-GAAP diluted earnings per share of $0.11 Cloud data center net sales grew 114% sequentially High-end consumer net sales grew 58% sequentially Effective June 30, 2023, Paul H. Pickle became Semtec
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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
Needham upgraded Semtech from Hold to Buy and set a new price target of $35.00
Craig Hallum initiated coverage of Semtech with a rating of Buy
Northland Capital initiated coverage of Semtech with a rating of Outperform and set a new price target of $32.00
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Shares of ASLAN Pharmaceuticals Limited (NASDAQ:ASLN) fell sharply during Wednesday's session after the company announced that its Singapore-incorporated, sole operating subsidiary has filed for voluntary liquidation. ASLAN Pharmaceuticals shares dipped 38.7% to $0.68 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Aptevo Therapeutics Inc. (NASDAQ:APVO) shares climbed 84% to $0.6073 after surging around 10% on Tuesday. Aptevo Therapeutics recently announced closing of $2.75 million offering. Shimmick Corporation (NASDAQ:SHIM) shares climbed 49% to $3.0173 after the company received a $27.6 million subcontract for the Sunol Valley Water Trea
Needham analyst Quinn Bolton reiterates Semtech (NASDAQ:SMTC) with a Buy and maintains $50 price target.
Shares of GameStop Corp. (NYSE:GME) fell sharply during Friday's session after the company released worse-than-expected first-quarter results before schedule and filed to sell up to 75 million shares. GameStop released its first-quarter 2024 results early Friday ahead of its scheduled June 11 date. The company reported net sales of $881.8 million, down from $1.237 billion year-over-year. The net sales total missed a consensus estimate of $995.3 million. The company reported a loss of 12 cents per share, missing the estimate of a loss of 9 cents per share, according to data from Benzinga Pro. GameStop shares dipped 22.5% to $36.07 on Friday. Here are some other stocks moving in today
Gainers Presto Automation (NASDAQ:PRST) shares rose 27.9% to $0.1 during Friday's regular session. The company's market cap stands at $11.3 million. SMX (Security Matters) (NASDAQ:SMX) shares rose 17.46% to $0.17. The market value of their outstanding shares is at $6.6 million. Wetouch Technology (NASDAQ:WETH) stock moved upwards by 14.46% to $1.73. The market value of their outstanding shares is at $20.6 million. Soluna Holdings (NASDAQ:SLNH) stock moved upwards by 14.17% to $2.82. The company's market cap stands at $11.0 million. WiSA Technologies (NASDAQ:WISA) stock rose 12.09% to $2.69. The market value of their outstanding shares is at $12.5 million. Brand Engagement Network (NASD
Needham analyst Quinn Bolton reiterates Semtech (NASDAQ:SMTC) with a Buy and maintains $50 price target.
Financial giants have made a conspicuous bullish move on Semtech. Our analysis of options history for Semtech (NASDAQ:SMTC) revealed 8 unusual trades. Delving into the details, we found 37% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $78,580, and 6 were calls, valued at $193,326. Expected Price Movements Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $15.0 to $39.0 for Semtech over the last 3 months. Insights into Volume & Open Interest Looking at the volume and open interest is an insightful way to conduct due diligence on a st
Dr. Hou Brings Technical, Operational and Strategic Leadership in Hyperscale and Semiconductor IndustriesFollows Departure of Paul H. Pickle as President and CEOReaffirms Second Quarter Fiscal Year 2025 GuidanceSemtech 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.
Stifel analyst Tore Svanberg maintains Semtech (NASDAQ:SMTC) with a Buy and raises the price target from $43 to $50.
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