$SMTC (Semtech Corporation)

$SMTC {{ '2016-06-01T20:49:22+0000' | timeago}} • Announcement

Analog and mixed-signal semiconductors supplier $SMTC reported a profit for 1Q17, helped by lower expenses and an after-tax benefit of $1.8MM. $SMTC said it posted a net income of $6.89MM, or $0.11 per share compared to a net loss of $0.14MM or $0.00 per share a year ago. Revenue rose 1% to $131.15MM. Excluding items, $SMTC earned $0.30 per share.

$SMTC {{ '2017-07-11T15:54:07+0000' | timeago}} • Announcement

$SMTC announced the availability of a new load switch in its FemtoSwitch product family. The new ultra-low-Ron load-switch is critical in improving power performance by maintaining a negligible voltage drop when the switch is turned on. It is ideal for preserving the battery life of certain products such as automotive smart-keys.

$SMTC {{ '2017-06-30T11:34:56+0000' | timeago}} • Announcement

$SMTC's acquisition of AptoVision Technologies Inc is expected to add over 30 employees based in Montreal. AptoVision's CEO, Kamran Ahmed, will join Semtech, reporting to Gary Beauchamp, EVP and GM of Semtech's Signal Integrity Products Group.

$SMTC {{ '2017-06-30T11:31:10+0000' | timeago}} • Announcement

$SMTC does not expect its acquisition of AptoVision Technologies Inc. to have any material impact to its 2Q18 financial outlook. The company expects the deal to be neutral to its FY18 non-GAAP earnings and to be accretive to its FY19 non-GAAP earnings.

$SMTC {{ '2017-06-30T11:27:36+0000' | timeago}} • Announcement

$SMTC has agreed to acquire AptoVision Technologies Inc., a privately-held provider of Video over IP solutions, for $28MM and additional contingent consideration of up to $47MM. Semtech expects to fund the purchase price using its current cash assets. The acquisition is expected to close during the current fiscal quarter.

$SMTC {{ '2017-06-06T18:03:46+0000' | timeago}} • Announcement

$SMTC announced its collaboration with SCOSCHE Industries, an innovator of consumer technology and car audio installation products and accessories, by integrating $SMTC's LinkCharge wireless charging platform with SCOSCHE's award-winning MagicMount magnetic mounting solutions for mobile devices.

$SMTC {{ '2017-05-31T22:03:01+0000' | timeago}} • Webcast

China has had a very strong ramp up in smartphones, but the trend is now stabilizing. $SMTC said China's share in the global market is currently stabilizing, but expects it to pick back up again in 2H18.

$SMTC {{ '2017-05-31T21:33:08+0000' | timeago}} • Webcast

$SMTC said it delivered 6th consecutive quarter of strong performance as the growth drivers and target markets continues to deliver solid results. The company added that FY18 is off to a great start and it will continue to expand gross margin and control operating expense.

$SMTC {{ '2017-05-31T21:18:35+0000' | timeago}} • Webcast

For 1Q18, semiconductors supplier $SMTC's shipments into Asia represented 75% of total net sales, while North America and Europe represented 18% and 7%, respectively. Total sales through distribution represented approx. 64% and direct net sales represented approx. 36% for the quarter, said the company.

$SMTC {{ '2017-05-31T21:00:56+0000' | timeago}} • Announcement

$SMTC expects 2Q18 net sales of $147-157MM, EPS of $0.20-0.26 and non-GAAP EPS of $0.43-0.49. The company sees 2Q18 non-GAAP net sales of $150-160MM, gross margin of 59.5-60.6% and non-GAAP gross margin of 60.5-61.5%. $SMTC sees fully-diluted share count of about 67.5MM shares, tax rate of 22-26% and non-GAAP tax rate of 19-23%.

$SMTC {{ '2017-05-31T20:57:22+0000' | timeago}} • Announcement

$SMTC reported a rise in 1Q18 earnings as strong demand for several of its key growth platforms drove sales higher. Net income rose to $11.82MM or $0.18 per share from $6.89MM or $0.11 per share last year. Net sales grew to $143.8MM from $131.15MM. Non-GAAP EPS increased to $0.44 from $0.30.

$SMTC {{ '2017-03-21T18:01:42+0000' | timeago}} • Announcement

$SMTC announced initial production release of new, integrated ClearEdge CDR solutions that enables low-cost SFP28 SR modules and Active Optical Cables (AOCs) for data center, enterprise and wireless applications.

$SMTC {{ '2017-03-21T18:01:38+0000' | timeago}} • Announcement

$SMTC announced the release of a new transceiver and transimpedance amplifier (TIA) for next-generation 10G optical modules. 10G optical modules serve high-demand enterprise and wireless infrastructure applications.

$SMTC {{ '2017-03-20T16:16:04+0000' | timeago}} • Announcement

$SMTC announced the initial production release of a highly integrated chipset for next-generation 100G QSFP28 modules used in data communications applications.

$SMTC {{ '2016-12-01T00:33:39+0000' | timeago}} • Webcast

$SMTC's booking grew about 40% with book-to-bill ratio of above 1. Wireless and Sensing Products group delivered 45% growth in net sales, while Protection Products group delivered 21% growth. Signal integrity revenues grew 15% and represented 43% of net revenues, while communications end market demand represented 18%.

$SMTC {{ '2016-12-01T00:30:46+0000' | timeago}} • Webcast

$SMTC's high-end consumer end market demand grew and represented 29% of total net revenues, of which about 22% was attributable to handheld devices and approx. 7% was attributable to other consumer systems. Price computing end market demand represented 27% of net revenues, while industrial end market demand represented 26%.

$SMTC {{ '2016-12-01T00:23:57+0000' | timeago}} • Webcast

$SMTC said it completed the divestiture of Snowbush IP business and announced a strategic agreement with Comcast for trial LoRaWAN deployments in the US. The company ended 3Q17 with net cash position of $50.1MM, consisting of $297.9MM in cash and marketable securities and $247.9MM of debt.

$SMTC {{ '2016-12-01T00:12:26+0000' | timeago}} • Webcast

$SMTC's shipments into Asia represents 77% of total net sales, North America represents 16% and Europe represented 7%. Total sales to distribution represented approx. 64% of net sales and direct sales represented about 36%.

$SMTC {{ '2016-11-30T22:09:16+0000' | timeago}} • Announcement

$SMTC expects 4Q17 non-GAAP net sales to be in the range of $134-142MM and non-GAAP gross margin to be in the range of 60-60.5%. Non-GAAP earnings per diluted share are expected to be in the range of $0.33-0.37.

$SMTC {{ '2016-11-30T22:09:07+0000' | timeago}} • Announcement

$SMTC expects 4Q17 GAAP net sales to be in the range of $133.2-141.2MM and gross margin to be in the range of 59.4-60%. Earnings per diluted share is expected to be in the range of $0.13-0.17 and capital expenditures are expected to be about $20MM.

$SMTC {{ '2016-11-30T22:08:58+0000' | timeago}} • Announcement

$SMTC posted 3Q17 earnings of $30.8MM, or $0.46 per diluted share, up 187.5% from a year ago. Net sales increased 18.4% to $137MM, helped by growth in the Internet of Things, hyper-scale datacenters and mobile devices markets. Gross margin was 59.1%.

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