Semtech Stock Price, News & Analysis

Semtech (Nasdaq: SMTC), a leading provider of semiconductor, IoT systems, and cloud connectivity services, has announced its participation in the 27th Annual Needham Growth Conference. The event will take place in New York City on January 14, 2025, featuring presentations from Hong Hou, president and chief executive officer, and Mark Lin, executive vice president and chief financial officer.

The company focuses on delivering technology solutions for infrastructure, industrial, and consumer markets, with a mission to enable a smarter and more connected sustainable planet. Semtech's global teams support solution architects and application developers in creating breakthrough products across various sectors.

Semtech (SMTC) and iWOW Technology have successfully implemented a LoRaWAN®-based emergency alert system in Singapore's senior public housing. The system, deployed since 2019 in 10,000 public housing flats, has helped approximately 800 seniors receive emergency medical care.

The battery-powered system features wall-mounted red buttons that connect to a 24-hour response center and notify next of kin through an app. Notably, 98% of the original devices remain functional after five years due to LoRa® low power capabilities. The program, part of Singapore's Ministry of Health Age Well SG initiative, will expand to serve an additional 27,000 seniors across 170 public rental housing blocks.

The solution was chosen for its minimal maintenance requirements, low energy consumption, and cost-effective network infrastructure for dense housing blocks, while offering potential support for future IoT applications.

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.