Semtech Corp (SMTC)
Semtech Corporation (SMTC) is a leading supplier of high-performance analog and mixed-signal semiconductors. The company specializes in products for the Internet of Things (IoT), data center infrastructure, and communications markets, providing innovative solutions for connectivity, sensing, and power management. Founded in 1960, Semtech is headquartered in Camarillo, California.
Company News
Semtech reported strong Q2 results with double-digit segment growth, improved margins, and positive free cash flow. Analysts are bullish, with 85% recommending a Buy rating and potential upside of 40%, driven by solid business performance and favorable market conditions.
Specialty chipmaker Semtech reported record quarterly net sales of $257.6 million, representing a 20% year-over-year increase, with significant growth in its data center segment and improved net income.
Law firm investigating potential shareholder claims against Semtech Corporation regarding alleged misleading statements about CopperEdge product performance and sales expectations during August 2024 to February 2025 period.
U.S. stocks may open sluggishly on Tuesday as President-elect Trump threatens tariffs on Canada and Mexico. However, analysts remain optimistic about AI-linked sectors.
Semtech's (SMTC) fiscal first-quarter results benefit from strong momentum across the infrastructure and consumer markets amid softness in the industrial market.
