Semtech shares sink on lower earnings outlook
Shares of Camarillo-based Semtech Corp. plunged 11.2 percent on Dec. 19 after the company downgraded its revenue and profit outlook for the fourth quarter.
Read More →Semtech sets sales record, shares soar
[wikichart align=”right” ticker=”NASDAQ:SMTC” showannotations=”true” livequote=”true” startdate=”06-09-2012″ enddate=”06-03-2013″ width=”300″ height=”245″] Camarillo-based Semtech beat analyst expectations for revenue and profits for its most current fiscal year and raised its sales prediction for the next quarter, sending shares up more than 11 percent in after-hours trading. Semtech said its full-year revenue came to $578.8 million, up 20.4 percent Read More →
Read More →Semtech breaks profit record, buys French wireless firm
Chipmaker Semtech beat analysts expectations by two cents a share and set a profit record while continuing its streak of acquisitions on March 7. Semtech broke its year-end records with profits up 23 percent to $89 million on net sales of $480 million, a 5 percent increase that was also a new high for the Read More →
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A $494M bet on bandwidth: Semtech places its chips on Canadian firm
Ontario-based Gennum makes chips used by video firms for high-integrity signals.
Read More →Rethinking corporate taxes to put the U.S. economy on a faster track
The U.S. now has consistently higher tax rates than many other countries, and delays in getting a fix are costing jobs and money.
Read More →Semtech to buy Canadian firm for $494M
Camarillo-based semiconductor firm Semtech plans to buy a Canadian chipmaker for $494 million. The agreement to buy Burlington, Ontario-based Gennum is Semtech’s second large acquisition since 2009, when it closed a deal to buy Irvine-based Sierra Monolithics for $180 million. The Gennum deal fits neatly into the strategic plan put in place by Semtech’s leadership Read More →
Read More →Semtech’s earnings rise
[wikichart align=”right” ticker=”NASDAQ:SMTC” showannotations=”true” livequote=”true” startdate=”30-05-2011″ enddate=”30-11-2011″ width=”300″ height=”245″] Camarillo-based Semtech, a chip design firm, posted 67 percent increase in quarterly earnings on a slight increase in sales for the most recent quarter. Semtech, which is in its 2012 fiscal year, said third quarter net income came to $27 million, compared with $16.1 million a Read More →
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