SMTC Stock Recent News
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Upgraded rating from hold to buy based on positive industry trends and evidence of growth recovery. Expecting continued positive sequential growth for Semtech, supported by strong bookings and healthy channel inventories. Target price of ~$48 based on modeling for FY27 EBITDA, with expectations of growth acceleration in FY26/27 and EBITDA margins recovery.
Dublin, June 11, 2024 (GLOBE NEWSWIRE) -- The "Cellular and LPWA IoT Device Ecosystems - 8th Edition" report has been added to ResearchAndMarkets.com's offering.
Semtech stock reported a smaller-than-expected loss yesterday, but still lost money. It's probably going to lose money for all of this year as well.
The termination without cause isn't related to a violation of Semtech's code of conduct or Semtech's operational or financial performance, and shouldn't impact any previous financial statements, the chipmaker said.
CAMARILLO, Calif.--(BUSINESS WIRE)--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 progres.
Semtech exceeded expectations on Q1 earnings last night, and investors were at first overjoyed. Semtech still lost money, however, and while that may change, it's likely to lose money this year.
Semtech's (SMTC) fiscal first-quarter results benefit from strong momentum across the infrastructure and consumer markets amid softness in the industrial market.
Shares of software firm Sprinklr were tumbling, while shares of chip-parts maker Semtech jumped after earnings.
Shares of Semtech Co. NASDAQ: SMTC had been stuck in limbo until recently. For the past two years, the stock struggled to break out of its $20 to $30 price channel.
Semtech Corporation (NASDAQ:SMTC ) Q1 2025 Earnings Conference Call June 5, 2024 5:00 PM ET Company Participants Mark Lin - Executive Vice President & Chief Financial Officer Paul Pickle - President & Chief Executive Officer Conference Call Participants Harsh Kumar - Piper Sandler Tore Svanberg - Stifel Quinn Bolton - Needham & Company Rick Schafer - Oppenheimer & Company Cody Acree - The Benchmark Company Tristan Gerra - Baird Craig Ellis - B. Riley Securities Scott Searle - ROTH Capital Partners Anthony Stoss - Craig-Hallum Operator Greetings.