Welcome to our dedicated page for Semtech news (Ticker: SMTC), a resource for investors and traders seeking the latest updates and insights on Semtech stock.
Semtech Corporation (NASDAQ: SMTC) is a leading global supplier of high-quality analog and mixed-signal semiconductor products. The company focuses on delivering proprietary solutions and breakthrough technologies across various domains including power management, protection, advanced communications, human interface, test & measurement, and wireless and sensing products. Semtech designs, develops, manufactures, and markets these products to be utilized in diverse applications such as communications, computer and computer peripherals, automated test equipment, industrial, and other commercial sectors.
The company operates through four main segments: Signal Integrity, Advanced Protection and Sensing, IoT System, and IoT Connected Services. A significant portion of its revenue is generated from the Advanced Protection and Sensing Products segment. Geographically, the majority of Semtech’s revenue originates from the Asia Pacific region, reflecting its strong market presence and extensive customer base in that area.
In recent news, Semtech Corporation announced a strategic partnership with Måna Care AB, a Swedish start-up focused on digital communication and care platforms. Semtech’s IoT Systems and Connectivity Product Group, formerly known as Sierra Wireless, has been pivotal in supporting Måna Care’s mission to promote digital inclusion for elderly and cognitively challenged communities. The collaboration leverages Semtech’s AirVantage® Smart Connectivity service to ensure reliable, global connectivity for Måna Care’s innovative communication devices, aiding caregivers, families, and friends to stay connected with their loved ones.
Semtech acquired Sierra Wireless in 2023, enhancing its capabilities in high-performance semiconductors, IoT systems, and cloud connectivity services. This acquisition aligns with Semtech’s commitment to enabling a smarter, more connected, and sustainable planet. The company’s comprehensive product portfolio includes integrated circuits (ICs) and connectivity modules designed to meet the evolving needs of infrastructure, industrial, and consumer markets.
Semtech continues to innovate and expand its product offerings, focusing on advancing technologies that empower solution architects and application developers. By maintaining strong technical support and sales channels, and establishing strategic partnerships, Semtech is well-positioned to capitalize on emerging market opportunities and drive growth in the semiconductor industry. For more details on Semtech Corporation’s latest updates and achievements, visit their official website or follow them on professional networks like LinkedIn and X.
Semtech (SMTC) has successfully closed its underwritten public offering of 10,496,032 shares of common stock at $63.00 per share, including the full exercise of the underwriters' greenshoe option for an additional 1,369,047 shares. The offering generated gross proceeds of approximately $661 million.
The company plans to use the net proceeds to repay debt under its Third Amended and Restated Credit Agreement. Based on current interest rates, Semtech expects annual cash interest savings of approximately $48 million. The transaction is expected to reduce long-term debt to less than half of the principal outstanding as of the end of fiscal Q3 2025.
Semtech (SMTC) has announced the pricing of its public offering of 9,126,985 shares of common stock at $63.00 per share. The offering size was increased from the previously announced $400 million to approximately $575 million in gross proceeds. The company has also granted underwriters a 30-day option to purchase up to an additional 1,369,047 shares.
The offering is expected to close on December 9, 2024. Semtech plans to use the net proceeds to repay certain indebtedness under its Third Amended and Restated Credit Agreement with JPMorgan Chase Bank. Morgan Stanley and UBS Investment Bank are serving as joint book-running managers for the offering.
Semtech (SMTC) has announced a proposed underwritten public offering of $400 million worth of common stock shares. The company will grant underwriters a 30-day option to purchase up to an additional $60 million of shares at the public offering price, less underwriting discounts and commissions.
The semiconductor and IoT systems provider plans to use the net proceeds to repay certain indebtedness under its Third Amended and Restated Credit Agreement from September 26, 2022, with JPMorgan Chase Bank acting as administrative agent. Morgan Stanley and UBS Investment Bank are serving as joint book-running managers for the offering.
Semtech (SMTC) reported strong Q3 FY2025 results with net sales of $236.8 million, up 10% sequentially. The company achieved record data center sales of $43.1 million, representing a 58% sequential increase. GAAP gross margin improved to 51.1%, while non-GAAP gross margin reached 52.4%. The company reported a GAAP operating margin of 7.5% and non-GAAP operating margin of 18.3%. Despite posting a GAAP diluted loss per share of $0.10, non-GAAP diluted earnings were $0.26 per share. For Q4 FY2025, Semtech expects net sales of $250.0 million ±$5.0 million with projected non-GAAP gross margin of 52.8% ±50 bps.
Semtech (SMTC) has announced that its president and CEO Hong Hou, along with EVP and CFO Mark Lin, will participate in the UBS Global Technology Conference in Scottsdale, Arizona on December 2-3, 2024. Semtech, a provider of high-performance semiconductor, IoT systems, and cloud connectivity services, focuses on delivering technology solutions for infrastructure, industrial, and consumer markets to enable a smarter and more connected sustainable planet.
Semtech (SMTC) has announced it will release its third quarter fiscal year 2025 financial results after market close on Monday, November 25, 2024. The company will host a conference call at 2 p.m. PT (5 p.m. ET) on the same day to discuss quarterly performance, current business activities, and future outlook. Investors can participate via phone at 877-407-0312 (toll-free) or 201-389-0899 (international), or through a live webcast available on Semtech's Investor website.
Semtech (SMTC) announces its participation in Electronica 2024 in Munich, Germany, from November 12-15, 2024, emphasizing its commitment to sustainability. The company responds to critical environmental challenges, noting UN reports indicating insufficient progress toward global sustainability goals and IEA's projection of $1 trillion annual investments in sustainable industrial solutions by 2030.
At booth #C3.262, Semtech will showcase innovations including circuit protection solutions, LoRa wireless IoT solutions, PerSe smart sensing solutions, and cellular IoT modules. These technologies aim to enhance connectivity and efficiency across consumer, industrial, automotive, and smart city applications while minimizing environmental impact.
Semtech (SMTC), a semiconductor and IoT systems provider, has announced its participation in two upcoming investor conferences. Hong Hou, president and CEO, and Mark Lin, CFO, will attend the Stifel Midwest One-on-One Conference in Chicago on November 7, 2024, and the J.P. Morgan Global TMT Conference in Hong Kong on November 18-19, 2024.
The company, which specializes in high-performance semiconductor technology and cloud connectivity services, focuses on delivering solutions for infrastructure, industrial, and consumer markets to enable a smarter and more connected planet.
Semtech (SMTC) has expanded its AirVantage® Smart Connectivity Advanced solution to include VoLTE service in the U.S. and Europe. The service is now available in over 40 countries and territories, providing essential voice capabilities for IoT applications in healthcare, security, and smart city infrastructure. The solution offers access to more than 600 networks across 190+ countries through a single global SIM, addressing global deployment complexities and regulatory challenges. According to Transforma Insights, approximately 20% of all IoT connections will require voice support by 2033, particularly in applications like smart watches, child tracking, and vertical transportation.
Semtech (Nasdaq: SMTC) announced that its Board Chair, Ye Jane Li, has been selected as a 2024 NACD Directorship 100 Honoree. The National Association of Corporate Directors (NACD) award recognizes influential directors and leaders in corporate governance for their excellence in the boardroom. NACD, with over 24,000 members, has been acknowledging influential figures in corporate governance since 2007.
Semtech's president and CEO, Hong Hou, expressed pride in Li's recognition, highlighting her commitment to excellence and integrity, as well as the importance of diversity in leadership. Li, in turn, emphasized the significance of diverse voices in corporate governance and the potential to inspire future generations of leaders.
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