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Semtech Corp (SMTC.OQ)

SMTC.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Semtech Q4 revenue $140 million
Wednesday, 8 Mar 2017 04:30pm EST 

Semtech Corp : Announces fourth quarter and fiscal year 2017 results . Sees Q1 2018 earnings per share $0.16 to $0.20 . Q4 revenue $140 million versus i/b/e/s view $139.9 million . Qtrly earnings per share $0.12 . Sees net sales are expected to be in range of $138.0 million to $146.0 million for Q1 2018 . Sees Q1 2018 gross margin is expected to be in range of 58.6% to 59.7% . Sees Q1 net sales are expected to be in range of $138.0 million to $146.0 million . Sees Q1 2018 capital expenditures are expected to be approximately $10.0 million . Q1 2018 non-gaap earnings per diluted share are expected to be in range of $0.39 to $0.43 .Says Q1 2018 non-gaap net sales are expected to be in range of $142.0 million to $150.0 million.  Full Article

Semtech announces amendment to its $400 million credit agreement
Wednesday, 16 Nov 2016 04:35pm EST 

Semtech Corp : Semtech announces amendment to its $400 million credit agreement . Semtech says new credit agreement amends and restates Semtech's existing $400 million credit facility, and extends maturity date to November 2021 . Says Q4 of fiscal year 2017 GAAP net income is expected to be impacted by approximately $0.7 million in non-cash costs . Semtech says new credit agreement of a senior secured term a loan facility of $150 million, senior secured revolving credit facility of $250 million .Financial terms of new credit agreement are similar to those contained in prior agreement.  Full Article

Semtech and Comcast sign deal to deploy trial network in US
Wednesday, 5 Oct 2016 04:05pm EDT 

Semtech Corp - : Semtech and Comcast sign agreement to deploy trial Lorawan network in the United States . Updates Q3FY17 gaap guidance as a result of warrant . Upon successful completion of trials, network could be expanded to up to 30 U.S. cities within a period of 30 months . GAAP earnings per diluted share are now expected to be in range of $0.43 to $0.47 compared to prior range of $0.49 to $0.53 for Q3 2017 . Has agreed to grant Comcast a warrant to purchase 1.1 million shares of co's common stock at a purchase price per share equal to $0.01 . Deal provides warrant for Comcast to acquire up to $30 million of Semtech common stock . Semtech expects to record a reduction to its GAAP net sales of approximately $3.8 million in Q3 of fiscal year 2017 . Expects to record reduction to gaap net sales of about $3.8 million in Q3 2017, expected to reduce gaap earnings per share for Q3 by about $0.06 . Sees Q3 gaap net sales to be in range of $130.0 million to $138.0 million .Q3 earnings per share view $0.36, revenue view $138.5 million -- Thomson Reuters I/B/E/S.  Full Article

Semtech Q2 non-GAAP earnings per share $0.35
Wednesday, 31 Aug 2016 04:30pm EDT 

Semtech Corp : Q2 non-GAAP earnings per share $0.35 . Q2 GAAP earnings per share $0.14 . Q2 sales $135.9 million versus I/B/E/S view $135.3 million . Q2 earnings per share view $0.33 -- Thomson Reuters I/B/E/S . Sees Q3 2017 non-GAAP earnings per share $0.34 to $0.38 . Sees Q3 2017 gaap earnings per share $0.49 to $0.53 . Sees Q3 2017 sales $134 million to $142 million . Sees Q3 capital expenditures to be about $10.0 million .Q3 net sales are expected to be in range of $134 million to $142 million.  Full Article

Semtech to divest its Snowbush IP business
Monday, 6 Jun 2016 08:00am EDT 

Semtech Corp :Semtech announces definitive agreement to divest its Snowbush IP business.  Full Article

Rambus to buy Snowbush IP assets in a deal valued at $32.5 mln
Monday, 6 Jun 2016 08:00am EDT 

Rambus Inc : Rambus to acquire Snowbush IP assets . Rambus Inc says deal valued at $32.5 million . To acquire assets of Semtech's Snowbush IP . Expects acquisition to be accretive within 18-24 months .Acquired technologies will be part of Rambus memory and interfaces division.  Full Article

Semtech posts Q1 non-gaap EPS of $0.30
Wednesday, 1 Jun 2016 04:30pm EDT 

Semtech Corp : Q1 non-gaap earnings per share $0.30 . Q1 sales $131.1 million versus i/b/e/s view $128.4 million . Sees q2 2017 non-gaap earnings per share $0.30 to $0.36 . Sees q2 2017 sales $130 million to $140 million . Q2 earnings per share view $0.32, revenue view $133.1 million -- Thomson Reuters I/B/E/S . Semtech announces first quarter of fiscal year 2017 results . Q1 gaap earnings per share $0.11 . Q1 earnings per share view $0.27 -- Thomson Reuters I/B/E/S .Sees Q2 2017 gaap earnings per share $0.12 to $0.17.  Full Article

Semtech Corp gives Q1 2017 guidance
Wednesday, 2 Mar 2016 04:30pm EST 

Semtech Corp:Sees Q1 2017 Net sales are expected to be in the range of $124 million to $132 million.Sees Q1 2017 GAAP earnings per diluted share are expected to be in the range of $0.09 to $0.13.Sees Q1 2017 Non-GAAP earnings per diluted share are expected to be in the range of $0.26 to $0.30.Sees Q1 2017 Capital expenditures are expected to be approximately $8.0 million.  Full Article

Semtech Corp and MultiPhy enter into a strategic agreement
Monday, 11 Jan 2016 08:00am EST 

Semtech Corp and MultiPhy Ltd:Says have entered into a strategic agreement aimed at accelerating the introduction of a 100Gbps single wavelength optical module solution.  Full Article

Semtech Corp gives Q4 2016 guidance; EPS guidance below analysts' estimates
Wednesday, 18 Nov 2015 04:30pm EST 

Semtech Corp:Sees Q4 2016 Net sales to be in the range of $113 million to $119 million.Sees Q4 2016 GAAP loss per diluted share to be in the range of $0.03 to $0.01.Sees Q4 2016 Non-GAAP earnings per diluted share to be in the range of $0.14 to $0.18.Q4 2016 revenue of $114 million and EPS of $0.23 - Thomson Reuters I/B/E/S.  Full Article

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BRIEF-Semtech Q4 revenue $140 million

* Sees net sales are expected to be in range of $138.0 million to $146.0 million for Q1 2018