Semtech Corporation (SMTC) has delivered a stellar performance in 2024, with its stock skyrocketing 190% year to date (YTD), outperforming the broader market and industry peers. The Zacks Semiconductor - Analog and Mixed industry has declined 8.3% YTD. Semtech has outperformed the Zacks Computer and Technology sector and the S&P 500’s return of 30.4% and 24%, respectively.SMTC has also outperformed its industry peers, including Analog Devices (ADI) , ON Semiconductors (ON) and NXP Semiconductors (NXPI) . Th ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, it's pretty easy to find cutting-edge growth sto ...

Semtech TodaySMTCSemtech$66.96 +1.81 (+2.78%) 52-Week Range$18.16▼$70.27Price Target$68.70Add to WatchlistSemtech Co. NASDAQ: SMTC makes analog and mixed-signal chips that enable optical data transmission, sensing, and advanced high-speed connectivity solutions. Its products are used in consumer electronics, infrastructure, industrial applications, data centers, and Internet of Things (IoT) systems. The company’s turnaround is impressive as its revenue has returned to growth since its fiscal first quarter ...

Working Capital and Cash Flow Management - Working capital fluctuates based on end-market demand and management of receivables, inventory, and payables, potentially increasing during periods of escalating demand[175] - Net cash provided by operating activities for the nine months ended October 27, 2024, was $24.491 million, compared to a net cash used of $107.839 million for the same period in 2023[176] - Operating cash flows for the first nine months of fiscal year 2025 were positively impacted by reduced annual bonus payments, lower payroll costs, decreased income tax payments, and lower transaction and integration costs[177] - Net sales decreased by 2.6%, negatively impacting operating cash flows, while inventory spend increased[179] Capital Expenditures and Investments - Capital expenditures for the first nine months of fiscal year 2025 were $5.2 million, significantly lower than the $27.5 million in the same period of 2024 due to cost-saving initiatives[179] - The company sold investments for proceeds of $2.7 million and made strategic investments of $0.4 million in the first nine months of fiscal year 2025[179] - Purchases of intangibles, including capitalized development costs and software licenses, totaled $5.9 million for the first nine months of fiscal year 2025[179] Financial Transactions and Payments - Proceeds from corporate-owned life insurance were $4.8 million in the first nine months of fiscal year 2025, compared to $2.5 million in the same period of 2024[179] - The company made a $5.0 million payment on its Revolving Credit Facility in the first nine months of fiscal year 2025, compared to borrowing $70.0 million in the same period of 2024[179] - Employee share-based compensation payroll taxes paid in the first nine months of fiscal year 2025 were $7.3 million, with $1.2 million received from the exercise of stock options[179]

Semtech TodaySMTCSemtech$64.04 -0.16 (-0.25%) 52-Week Range$15.63▼$66.64Price Target$67.70Add to WatchlistThe emerging story from the industrial semiconductor market is that these companies are exiting a global inventory correction, and Semtech NASDAQ: SMTC is among the best positioned. Its results prove its market-leading position by resuming growth in Q3, at least a quarter sooner than others are expected to do, and the guidance compounds this.  The guidance is robust, forecasting sequential acceleration ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Z ...

Semtech Corporation (SMTC) reported third-quarter fiscal 2025 non-GAAP earnings of 26 cents per share, which surpassed the Zacks Consensus Estimate by 8.33%. The bottom line also exceeded management’s guidance of 23 cents and showed a robust improvement from the year-ago quarter’s earnings of 2 cents.The company's impressive bottom-line performance demonstrated its operational excellence and effective expense management.Semtech’s earnings beat the Zacks Consensus Estimate twice over the trailing four quarte ...

Semtech stock is on track for its best day in nearly a yearSemiconductor stock Semtech Corp (NASDAQ:SMTC) is soaring today, up 16% at $61.99 at last check, and earlier traded as high as $63.63, after the company announced better-than-expected third-quarter results and lifted its current-quarter revenue forecast. No fewer than six analysts lifted their price targets after the news, including Craig-Hallum to $70 from $48. A short squeeze could be powering today's breakout, with a healthy 9.2% of SMTC's total ...

Semtech Corporation SMTC reported better-than-expected third-quarter financial results and issued fourth-quarter guidance with its midpoint above estimates.Semtech reported quarterly earnings of 26 cents per share which beat the analyst consensus estimate of 23 cents per share. The company reported quarterly sales of $236.80 million which beat the analyst consensus estimate of $232.06 million.“We are very pleased to report broad-based growth across each of our end markets, and particularly in data center, w ...

Core Insights - Michael Wiggins De Oliveira is identified as an inflection investor, focusing on acquiring undervalued companies at pivotal moments when their business narratives are shifting towards increased profitability over the next year [1] - The investment strategy emphasizes technology and the Great Energy Transition, including uranium, with a concentrated portfolio of approximately 15 to 20 stocks and an average holding period of 18 months [1] Professional Background - With over 10 years of experience in analyzing various companies, Michael has developed significant expertise in the tech and energy sectors, amassing a following of over 40,000 on Seeking Alpha [2] Investment Group - Michael leads the investing group Deep Value Returns, which offers insights through a concentrated portfolio of value stocks, timely updates on stock selections, and a weekly webinar for live advice [3] - The group provides a supportive community for both new and experienced investors, facilitating engagement through chat [3]