Semtech (SMTC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are ...

Summary Investment thesis Valuation SweetBunFactory Following my coverage on Semtech Corp. (NASDAQ:SMTC) in Sep'23, which I recommended a hold rating as there were 3 major uncertainties that I was not comfortable with, this post is to provide an update on my thoughts on the business and stock. I am upgrading my rating from hold to buy as I have gained confidence that the industry is turning around. Several pieces of evidence, such as comments from peers and forward-looking booking data, are supportive of th ...

Dublin, June 11, 2024 (GLOBE NEWSWIRE) -- The "Cellular and LPWA IoT Device Ecosystems - 8th Edition" report has been added to ResearchAndMarkets.com's offering. The Internet of Things is weaving a new worldwide web of interconnected objects. By the end of 2023, about 3.8 billion devices were connected to wide area networks based on cellular or LPWA technologies. The market is highly diverse and divided into multiple ecosystems. This research forecasts that annual shipments of cellular and non-3GPP LPWA IoT ...

Not all Semtech's news was bad last night -- but it wasn't nearly as great as you may have heard. Semtech (SMTC 0.16%) investors were all set for a banner day. Last night, the maker of semiconductors for Internet-of-Things applications announced its results for the first quarter of fiscal year 2025, ended April 28. The results included a stunning $0.06-per-share profit where analysts had predicted no profit at all, and reported $206.1 million in sales where the Street was expecting only $200.2 million. Shar ...

Semtech Corporation's (SMTC) first-quarter fiscal 2025 non-GAAP earnings of 6 cents per share beat the Zacks Consensus Estimate of the break-even point. The bottom line increased 50% year over year. Net sales of $206.1 million surpassed the Zacks Consensus Estimate of $200.2 million. The figure decreased 12.9% from the prior-year quarter. Nevertheless, growing momentum in the Signal Integrity, and Analog Mixed Signal & Wireless product lines remained a plus. Improving performances in the infrastructure and ...

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. That was until the past quarterly earnings figures came on the scene, bringing Semtech shareholders a much-needed breakout to what is now 89% of the stock's 52-week high price. Semtech Today +1.30 (+3.48%) $42.61 While other technology stocks, particularly semiconductors, like Nvidia Co. NASDAQ: NVDA, got the lion's share of market attention dur ...

Semtech Corporation (NASDAQ:SMTC) Q1 2025 Earnings Conference Call June 5, 2024 5:00 PM ET Mark Lin - Executive Vice President & Chief Financial Officer Paul Pickle - President & Chief Executive Officer Company Participants 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 St ...

Semtech (SMTC) reported $206.11 million in revenue for the quarter ended April 2024, representing a year- over-year decline of 12.9%. EPS of $0.06 for the same period compares to $0.02 a year ago. ...

| --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------|-------|--------------------------------------|-------|-----------------------------------------|-------|----------------------------------| | GAAP net loss attributable to common stockholders | $ | April 28, 2024 \nQ125 \n(23,159) | $ | January 28, 2024 \nQ424 \n(642,363) | $ | April 30, 2023 \nQ124 \n(29,415) | | Adjustments to GAAP net loss attributable to common stockhol ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________ FORM 10-Q ____________________________________ (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended April 28, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 001-06395 SEMTECH CORPORATION (Exact name of registrant as ...