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Last $16.51 USD
Change Today -0.31 / -1.84%
Volume 316.1K
SMTC On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 8:10 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

semtech corp (SMTC) Snapshot

Open
$16.57
Previous Close
$16.82
Day High
$16.76
Day Low
$16.48
52 Week High
03/4/15 - $30.01
52 Week Low
08/24/15 - $15.37
Market Cap
1.1B
Average Volume 10 Days
498.3K
EPS TTM
$0.49
Shares Outstanding
65.3M
EX-Date
--
P/E TM
33.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for SEMTECH CORP (SMTC)

semtech corp (SMTC) Related Businessweek News

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semtech corp (SMTC) Details

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products. The company provides protection products comprising filter and termination devices that are integrated with the transient voltage suppressor devices, which protect electronic systems from voltage spikes; power products, including switching voltage regulators, combination switching and linear regulators, smart regulators, and charge pumps that control, alter, regulate, and condition the power within electronic systems; and discrete semiconductor products consisting of rectifiers, assemblies, and other products for use in industrial, military, medical, automotive, and aerospace applications, as well as defense systems, including satellite communications. It also offers signal integrity and timing products, such as a portfolio of optical communications, broadcast video, surveillance video, active cable transceiver, and backplane products used in various enterprise computing, industrial, communications, and high-end consumer applications; and proprietary advanced wired communication and ultra-high speed serializer/deserializer products for use in long-haul optical transport communication. In addition, the company provides wireless, sensing and timing products, including a portfolio of specialized radio frequency functions used in various industrial, medical, and networking applications, as well as specialized sensing functions used in industrial and consumer applications. It primarily serves original equipment manufacturers and their subcontractors. The company sells its products directly, as well as through independent sales representative firms and independent distributors in North America, the Asia Pacific, and Europe. Semtech Corporation was founded in 1960 and is headquartered in Camarillo, California.

1,456 Employees
Last Reported Date: 03/30/15
Founded in 1960

semtech corp (SMTC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $550.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $347.5K
Executive Vice President, General Counsel and...
Total Annual Compensation: $323.7K
Executive Vice President and General Manager ...
Total Annual Compensation: $269.8K
Senior Vice President of Worldwide Sales and ...
Total Annual Compensation: $307.0K
Compensation as of Fiscal Year 2015.

semtech corp (SMTC) Key Developments

Semtech Corporation, Mueller Systems and Senet to Launch Wide-Area Network in Ventura County

Semtech Corporation along with two partners, Mueller Systems and Senet will launch a low-power, wide-area network in Ventura County to wirelessly track groundwater pumping data from the Fox Canyon aquifer, which sources water to most of the region. The Fox Canyon Groundwater Management Agency board voted unanimously to approve the proposed project, which will streamline the existing data collection process and provide a more cost-efficient model for the county. The LoRa based wide-area network (LoRaWAN™) will be fully implemented for testing by October 2015. The companies submitted the proposal in response to California’s current water shortage and recently passed laws requiring sustainable groundwater management. Semtech’s long-range (LoRa®) RF technology enables wide-area networks that synchronize smart devices wirelessly without cellular networks. Mueller Systems’ smart meters will track groundwater pumping data and connect to the LoRa network, deployed by Senet, to automatically deliver data to local regulators. The new smart metering system should significantly reduce costs associated with the county’s data collection process, which currently relies on groundwater users to report the data themselves. Sensors will attach to the existing meters and automatically report data to regulators through the LoRa network.

Semtech Corporation Announces Unaudited Consolidated Earnings Results for Second Quarter Ended and Six Months Ended July 26, 2015; Provides Earnings Guidance for the Third Quarter of Fiscal Year 2016

Semtech Corporation announced unaudited consolidated earnings results for second quarter ended and six months ended July 26, 2015. For the quarter, the company reported net sales of USD 125,712,000 compared to USD 145,742,000 a year ago. Operating income was USD 3,068,000 compared to USD 22,057,000 a year ago. Income before taxes was USD 1,285,000 compared to USD 20,124,000 a year ago. Net loss was USD 313,000 or USD 0.00 per diluted share compared to net income of USD 17,898,000 or USD 0.26 per diluted share a year ago. Non-GAAP net income was USD 15,579,000 or USD 0.24 per diluted share compared to USD 28,273,000 or USD 0.42 per diluted share a year ago. Net capital expenditure was USD 3,403,000 compared to USD 6,283,000 a year ago. Free cash flow was USD 30,647,000 compared to USD 32,085,000 a year ago. For the six months, the company reported net sales of USD 255,800,000 compared to USD 278,601,000 a year ago. Operating income was USD 7,952,000 compared to USD 33,206,000 a year ago. Income before taxes was USD 3,842,000 compared to USD 29,608,000 a year ago. Net loss was USD 455,000 or USD 0.0.01 per basic and diluted share compared to net income of USD 25,765,000 or USD 0.38 per basic and diluted share a year ago. Non-GAAP net income was USD 33,507,000 or USD 0.50 per diluted share compared to USD 50,036,000 or USD 0.74 per diluted share a year ago. Net cash flow from operations was USD 48,747,000 compared to USD 61,137,000 a year ago. For the third quarter of fiscal year 2016, the company expects net sales are to be in the range of USD 110 million to USD 120 million. GAAP gross profit margin is to be in the range of 59.6% to 60.2%. Non-GAAP gross profit margin is to be in the range of 60.0% to 60.5%. GAAP SG&A expense is to be in the range of USD 30.7 million to USD 31.7 million. GAAP R&D expense is to be in the range of USD 26.2 million to USD 27.2 million. Amortization of acquired intangible assets is to be approximately USD 6.2 million. Interest and other expense is to be approximately USD 1.8 million. GAAP tax rate is expected to be in the range of 54% to 56%. Non-GAAP tax rate is to be in the range of 15% to 18%. GAAP earnings per diluted share are to be in the range of USD 0.00 to USD 0.04. Non-GAAP earnings per diluted share are to be in the range of USD 0.21 to USD 0.27. Fully diluted share count is to be approximately 65.0 million shares. Capital expenditures are to be approximately USD 3.0 million.

Semtech Corporation Announces Resignation of John L. Piotrowski as Director

On August 12, 2015, John L. Piotrowski USAF (Ret.) notified the Chairman of the Board of Directors of Semtech Corporation that he will not seek re-election as a director at the company's 2016 Annual Meeting of Stockholders which is expected to be held in June 2016. Mr. Piotrowski will continue serving as a director until the date of the Annual Meeting.

 

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Industry Analysis

SMTC

Industry Average

Valuation SMTC Industry Range
Price/Earnings 100.0x
Price/Sales 2.0x
Price/Book 2.1x
Price/Cash Flow 40.8x
TEV/Sales 1.1x
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