Semtech announces $300M in debt placement to help finance Sierra acquisition
The Camarillo-based semiconductor manufacturer Semtech will raise up to $300 million in a private debt placement to help pay for its pending acquisition of Sierra Wireless. The company announced a $250 million in convertible senior notes on Oct. 6 and upped the total to $300 million the next day. The notes will pay 1.625% interest Read More →
Semtech shares hit two-year low after company lowers Q3 guidance
Camarillo-based Semtech produced record revenue and earnings in the second quarter of 2022, but its shares plummeted 27% the day after its earnings release after the company’s guidances for the third quarter were well below analysts’ expectations. Semtech, a semiconductor company specializing in Internet of Things applications, saw its net income increase in the second Read More →
Semtech announces $1.2B Sierra Wireless acquisition
Semtech Corporation, a Camarillo-based semiconductor company specializing in Internet of Things applications, is making its largest acquisition ever, announcing Aug. 2 that it will buy Sierra Wireless for $1.2 billion. Based in Vancouver, Canada, Sierra Wireless also makes components for Internet of Things applications. “Internet of Things” refers to devices connected to the internet that Read More →
Semtech in talks to buy Sierra Wireless for $1.2B
The Camarillo-based semiconductor company Semtech Corp. disclosed Aug. 2 that it “has engaged in advanced discussions” regarding a possible $1.2 billion acquisition of Sierra Wireless, a Canadian company that makes components for the Internet of Things applications that Semtech also specializes in. Bloomberg first reported a potential deal on Aug. 1, and that day shares Read More →
Semtech reports earnings and revenue growth in Q1
Camarillo-based Semtech Corp. reported record sales and rising earnings when it announced its financial results for the first quarter of 2022 on June 1. Semtech, a semiconductor company specializing in Internet of Things applications, saw net income increase in the first quarter of 2022, as the company netted $38 million, or 59 cents per share, Read More →
Semtech shares up after earnings report
Camarillo-based Semtech Corp. delivered a strong fourth quarter and full year fiscal 2021 earnings report after the markets closed March 16, recording an all-time best revenue mark along with a bump in net profit for the full year. Semtech, a semiconductor company specializing in Internet of Things applications, had revenue of $740.9 million for the Read More →
Semtech tops expectations with record quarter
Camarillo-based Semtech topped analysts’ expectations on Dec. 1 with an announcement of record net sales and net income in the third quarter of its 2021-22 fiscal year. Semtech, a semiconductor company specializing in Internet of Things applications, generated sales totaling $194.9 million in the third quarter of 2021, up 27% from the same quarter a Read More →
