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Semtech Corp. - SMTC STOCK NEWS

Welcome to our dedicated news page for Semtech (Ticker: SMTC), a resource for investors and traders seeking the latest updates and insights on Semtech.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Semtech's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Semtech's position in the market.

Rhea-AI Summary
Semtech Corporation demonstrates 100G/lane linear pluggable optical links featuring FiberEdge® 100G PAM4 PMDs at ECOC 2023 exhibition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.1%
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none
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Rhea-AI Summary
LPWAN industry leaders collaborate to implement relay feature utilizing LoRaWAN connectivity
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.21%
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none
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Rhea-AI Summary
Rochester Electronics and Semtech collaborate to provide customers with mixed-signal solutions and continued channel support for active and end-of-life components.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.76%
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none
Rhea-AI Summary
Semtech Corporation reported unaudited financial results for its second quarter of fiscal year 2024. Net sales increased by 0.8% sequentially and 13.9% year-over-year. Cloud data center net sales grew 114% sequentially and high-end consumer net sales grew 58% sequentially. The company also announced the appointment of Mark Lin as the next executive vice president and chief financial officer. Third fiscal quarter 2024 outlook shows expected net sales in the range of $190.0 million to $210.0 million and gross margin in the range of 41.5% to 44.0%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.1%
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Rhea-AI Summary
Semtech Corporation appoints Mark Lin as new EVP and CFO
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End-of-Day
-- %
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management
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Rhea-AI Summary
Semtech Corporation has rescheduled the release of its financial results for Q2 FY2024 to Sept. 13, 2023. A conference call will also be held to discuss performance and outlook. Participants can dial in or access the webcast link provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.67%
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Rhea-AI Summary
Semtech Corporation has filed a Notification of Late Filing for its Q2 Form 10-Q and will reschedule its earnings release and investor conference call. The delay is due to the ongoing assessment of goodwill impairment and the recording of a valuation allowance against certain deferred tax assets. The Company expects to file the Q2 Form 10-Q by September 13, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.67%
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Rhea-AI Summary
Semtech announces production availability of the FiberEdge GN1816 and GN1848 chipset for high-performance optical transceivers and AOCs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.52%
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none
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Rhea-AI Summary
Semtech and Oxit collaborate to enable device manufacturers to build a single device with the OxTech Multi-Connectivity Module that can connect to both AWS IoT Core for Amazon Sidewalk and AWS IoT Core for LoRaWAN networks.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.18%
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none
Rhea-AI Summary
Semtech Corporation plans to release its Q2 2024 financial results on September 7, 2023. A conference call will be held to discuss performance and outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.12%
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Semtech Corp.

Nasdaq:SMTC

SMTC Rankings

SMTC Stock Data

2.11B
63.68M
1.23%
130.29%
17%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
United States
Camarillo

About SMTC

semtech corporation is a leading supplier of high-quality analog and mixed-signal semiconductor products. we are dedicated to providing customers with proprietary solutions and breakthrough technology in power management, protection, advanced communications, human interface, test & measurement, as well as wireless and sensing products. our integrated circuits (ics) are employed in communications, computer and computer-peripheral, automated test equipment, industrial and other commercial applications.