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SMTC

Semtech Corporation

5/25/2013, 3:23 AM ET

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Wednesday, May 22, 4:44 PM More on Semtech (SMTC): Q1 comes in line on earnings but beats on revenue. Net sales rose 39% Y/Y on record revenues and higher margins. For Q2, the company expects net sales to be in the range of $164M to $172M, splitting the Street consensus of $167M. Gross profit margin for the quarter is expected to be in the range of 61.0% to 61.5%. Comment! [Tech, Earnings]
Wednesday, May 22, 4:36 PM Semtech (SMTC): Q1 EPS of $0.46 in-line. Revenue of $162M (+39.2% Y/Y) beats by $3.27M. (PR) Comment! [Earnings, Breaking News, Tech]
Wednesday, March 6, 5:36 PM After-hours top gainers, as of 5:15 p.m.: NQ +19%. VVTV +12%. SMTC +11%. INVN +4%. ANGI +4%.
After-hours top losers: SCTY -11%. PETM -8%. CE -8%. VICL -7%. BSFT -6%. Comment! [On the Move]
Wednesday, March 6, 4:36 PM Semtech (SMTC): Q4 EPS of $0.49 beats by $0.06. Revenue of $151M (+45% Y/Y) beats by $1.88M. Shares +3.8% AH. (PR) Comment! [Earnings, Breaking News, Tech, On the Move]
Thursday, November 29, 2012, 10:04 AM Analog chipmaker Semtech (SMTC +13.8%) has soared and is near its 52-week high after soundly beating FQ3 estimates and guiding for FQ4 revenue of $146M-$152M vs. a $147.6M consensus, pleasing investors on edge over troubles faced by peers. Semtech's gross margin rose 970 bps Q/Q to 59.2%, and is expected to be in the range of 58.3%-58.9% in seasonally weak FQ4. Micrel (MCRL +2.9%), Microsemi (MSCC +2.9%), and Intersil (ISIL +1.6%) might be rallying in sympathy. Comment! [Tech, Earnings, On the Move]
Wednesday, November 28, 2012, 5:42 PM After-hours top gainers, as of 5:15 p.m.: BLOX +17.2%. SMTC +7.6%. GES +5.2%. ARQL +4.7%. WDAY +3.8%.
After-hours top losers: IDIX -14.7%. LZB -13.3%. TKR -10.4%. ARO -7.2%. VECO -7.1%. Comment! [On the Move]
Wednesday, November 28, 2012, 4:46 PM Semtech (SMTC): Q3 EPS of $0.53 beats by $0.10. Revenue of $160.9M (+29.8% Y/Y) beats by $9M. (PR) Comment! [Earnings, Tech]
Wednesday, October 3, 2012, 10:36 AM Semtech (SMTC +3.4%) pops on an upgrade to Buy from Lazard, which is setting a $31 target. The firm praises Semtech's recently-closed acquisition of Gennum, a Canadian analog/mixed-signal chipmaker focused on the optical communications and video broadcast markets, as well as the company's emerging markets growth. Comment! [Tech, On the Move]
Wednesday, August 22, 2012, 5:07 PM More on International Rectifier and Semtech's earnings: IRF expects FQ1 revenue of $235M-$250M, below a $274M consensus. The company is closing a California chip manufacturing plant, and resizing a U..K. plant. Semtech expects FQ3 revenue of $148M-$154M and EPS of $0.41-$0.45, below a consensus of $158.6M and $0.47. Are the analog chipmakers just suffering from weak industry demand, or are they also losing share to expanding Texas Instruments (TXN)? IRF -4.7% AH. SMTC -4.1%. (IRF PR) (SMTC PR) (ON Semi layoffs) Comment! [Tech, Earnings, On the Move]
Wednesday, August 22, 2012, 4:36 PM Semtech (SMTC): Q2 EPS of $0.41 in-line. Revenue of $150.7M (+15.7% Y/Y) beats by $1.1M. (PR) Comment! [Earnings, Tech]
Thursday, May 24, 2012, 4:58 PM More on Semtech (SMTC) Q1 misses across the board on a 4.7% decline in total Y/Y revenue. Net earnings slid 90% as expenses and a purchase accounting adjustment related to its acquisition of Gennum Corp. weighed on margins and bottom-line results. The firm also sets Q2 guidance that straddles current Street estimates, saying it expects to earn between $0.37 - $0.45 per share on revenue of $146 - $154M. Street expectations are for an EPS of $0.41 on revenue of $149M. Shares -3.2.% AH. Comment! [Tech, Earnings, On the Move]
Thursday, May 24, 2012, 4:33 PM Semtech (SMTC): Q1 EPS of $0.27 misses by $0.04. Revenue of $116.6M (-4.7% Y/Y) misses by $3M. Shares -5% AH. (PR) Comment! [Earnings, Tech, On the Move]
Wednesday, March 7, 2012, 4:54 PM More on Semtech (SMTC): Q4 beats slightly on both revenue and EPS, but guides Q1 lower due to anticipated flat margins and higher SG&A expenses. The company now expects sales in the range of $102M - $108M, below the Street view of $113M. Q1 EPS are seen in the range of $0.28 - $0.32, versus expectations of $0.36 per share. Shares -2.3% AH. Comment! [On the Move, Tech, Earnings]
Wednesday, March 7, 2012, 4:45 PM Semtech (SMTC): Q4 EPS of $0.32 beats by $0.02. Revenue of $71.1M (-10.6% Y/Y) beats by $7M. Shares -0.2% AH. (PR) Comment! [Earnings, Tech]
Tuesday, March 6, 2012, 1:09 PM Caris recommends buying Semtech (SMTC -0.7%) on weakness after increasing its estimates to account for the company's acquisition of Gennum. The firm maintains an Above Average rating on the stock, and raises its target to $34 from $28. Comment! [Tech, Quick Ideas]
Monday, January 23, 2012, 7:32 PM Semtech (SMTC) acquires Gennum (GNUMF.PK) for approximately $494M. Gennum designs and sells products that enable video, data and multimedia content to be transmitted at high speed over long distances, while maintaining signal integrity and eliminating the potential for errors in transmission. Comment! [Tech, M&A]