Semtech Corporation (SMTC) is a fabless supplier of analog and mixed-signal semiconductor devices. Management has been diversifying the product portfolio, introducing new high-margin products and broadening the customer base.

July quarter results exceeded the consensus on both the top and bottom lines. Forward guidance is for 6-10% revenue increase in the October quarter.

Both revenue growth and margin expansion are expected to return in the second half of fiscal 2010 when the new product platforms gain traction.

We are reiterating our BUY rating on SMTC shares.

Zacks Investment Research
View original at: Zacks.com News Feed

1. (LLTC) Linear Technology Tops Forecasts – Guidance ConservativeLinear Technology’s (LLTC) first quarter earnings beat the Zacks consensus by 2 cents. Revenue beat...
2. (APH) Amphenol Corporation – Bull of the DayAmphenol Corporation (APH) is scheduled to release its fiscal Q3 results on October 15. The...
3. (VAL) Valspar Corporation – Bull of the DayWe are upgrading Valspar Corporation (VAL) shares to Outperform with a target price of $32.00....
4. (GRMN) Garmin, Ltd. – Bull of the DayGarmin (GRMN) is an OEM of GPS-based equipment. June quarter results were much better than...
5. (ITT) ITT Corporation – Bull of the DayWe are initiating coverage on ITT Corporation (ITT) with an Outperform rating and $57 target...
6. (SMTC) Semtech Beat Estimates by 17.3%Semtech Corporation’s (SMTC) second-quarter earnings beat the consensus by 3 cents. Revenue of $66.3 million...

Search Posts by Tag: Semtech Corporation | SMTC | Semiconductor - Integrated Circuits | Technology

RSS Feeds by Tag: Semtech Corporation | SMTC | Semiconductor - Integrated Circuits | Technology |

Other Posts by: vitalstocks | RSS Feed for this author