Semtech Experiences Significant Stake Changes and Positive Analyst Ratings

Semtech Co. (NASDAQ:SMTC) Shares Sold by Price T Rowe Associates Inc. MD

Semtech (STU:SM2) Shares Outstanding (EOP) : 64.6 Mil (As of Apr. 2024)

Semtech Co. has seen notable changes in its shareholder structure, with Price T Rowe Associates reducing its stake by 82.6%, while several other firms, including Fidelis Capital Partners and GAMMA Investing, have increased their investments. Analysts have responded positively, raising price targets significantly, with B. Riley and Roth Mkm both setting targets at $50.00. Semtech reported earnings per share of ($0.17), aligning with expectations, and revenue of $206.11 million, surpassing forecasts. The company's shares outstanding have also increased, indicating a growing presence in the semiconductor industry.

Semtech

Semiconductor Industry Projected to Reach Trillion-Dollar Status by 2030

Semiconductors to Become a Trillion-Dollar Industry by 2030: Study

A recent study forecasts the global semiconductors industry to grow over 65% from its current $607 billion valuation in 2024, reaching a trillion-dollar industry by 2030. This growth is attributed to the increasing demand for integrated circuits, which are expected to generate $850 billion in revenue by 2029, while discrete semiconductors and optoelectronics are projected to reach $50 billion each. The sales volume of semiconductors is anticipated to rise by 15% to over 1.4 billion units by 2029.

Key Semiconductor Companies Experience Significant Market Cap Growth

Nvidia, Taiwan Semiconductor Manufacturing, Samsung, Intel, Broadcom, and ASML Holding, key players in the semiconductors industry, have seen substantial growth in their market caps. Nvidia's market cap increased by $1.8 trillion in the past seven months, while Taiwan Semiconductor Manufacturing's market cap rose by $415 billion, reaching $954 billion last week. Broadcom added $331 billion to its stock value year-to-date, reaching a market cap of almost $800 billion. ASML Holding saw a $128 billion increase in market cap, totaling $423 billion as of last week. Samsung, the world's largest memory chip, smartphone, and TV maker, added one billion dollars to its market cap year-to-date. Combined, the top five semiconductor manufacturers have a market cap totaling $5.6 trillion.

Semtech designs, develops, and manufactures high performance analog and mixed-signal semiconductors.

Semtech LoRa®

The WAN Network Show Podcast

Semtech Pro AV Products 

Gennum Corporation (acquired by Semtech)

Semtech Corporation is a high-performance semiconductor, IoT systems and Cloud connectivity service provider dedicated to delivering high quality technology solutions that enable a smarter, more connected and sustainable planet.

Powervation

Check out RCR Wireless News' article to learn why NB-IoT and LoRa are being hailed as the kings of #IoT, with projections to reach 3.5 billion connections by 2030 based on Omdia's latest research!  📰📣

 “LoRa is expected to remain the preferred choice in private IoT connections, while NB-IoT will expand through cost-effective implementations, with both technologies poised for continued success through 2030,” said Shobhit Srivastava, senior principal analyst at Omdia. 

Read the full article to learn more:
https://hubs.la/Q02CNjRj0

#LoRa #LPWA #Omdia #Connectivity

Day 2 at the #LWL2024 event is buzzing with excitement! Check out live pictures of #Semtech's Olivier Beaujard showcasing the innovative 1channel hub reference design for smart home use cases! 🏡💡 
#LoRaWAN #smarthome #1_channelhub #LoRa #IoT

Worried about electrical surges damaging your circuits? No need to stress with Semtech's SurgeSwitches! These durable devices are put through rigorous testing, enduring thousands of high-powered surges to ensure they can handle anything. In fact, they've survived over 100,000 surges, proving their ability to protect circuits from everyday electrical threats. 🛡💡 

Check out the full video from Semtech's Anindita Bhattacharya and Leon Marquez to learn more:
https://hubs.la/Q02CzRz70
#Semtech #SurgeSwitches #CircuitProtection

What an exciting Wednesday it has been! Again, huge congratulations to all the amazing recipients of the 2023 LoRa Alliance contribution awards. The #DreamTeam at #Semtech is truly something special, and we couldn't be more proud of their hard work. Join us in celebrating their well-deserved recognition within the LoRaWAN ecosystem. Here are some live photos from today's awards ceremony! 🎉📸 

Cheers from the Semtech team!
Carlo Tinella, Geoffroy de Guillebon, Olivier Beaujard, Olivier Seller 
#LWL2024 #LoRa #LoRaWAN #IoT

Exciting news! The LoRa Alliance has just announced the 2023 Contribution Award Winners in celebration of members who are driving the #LoRaWAN standard forward - a big congratulations to all the winners! And a special shoutout to Semtech's very own Olivier Seller for receiving the Lifetime Achievement Award and Olivier Beaujard for the Ecosystem Accelerator Award!

We're only on day 1 and there's already so much to look forward to. Check out our latest blog to dive deeper into the details!
https://hubs.la/Q02CvGfS0
#Semtech #IoT #LoRaAlliance #LoRa #LoRaWAN #LWL2024

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications. The company also offers protection products, such as filter and termination devices that are integrated with the transient voltage suppressor devices, which protect electronic systems from voltage spikes; and wireless and sensing products comprising a portfolio of specialized radio frequency products used in various industrial, medical, and communications applications, as well as specialized sensing products used in industrial and consumer applications. In addition, it provides power products consisting of switching voltage regulators, combination switching and linear regulators, smart regulators, isolated switches, and wireless charging that control, alter, regulate, and condition the power within electronic systems. The company serves original equipment manufacturers and their suppliers in the enterprise computing, communications, and consumer and industrial end-markets. It sells its products directly, as well as through independent sales representative firms and independent distributors in North America, Europe, Asia- Pacific, and internationally. The company was incorporated in 1960 and is headquartered in Camarillo, California.

COM:SEMTECH

Semtech

Last Close

49.17

21/11 21:00

Market Cap

2.27B

Beta: -

Volume Today

1.21M

Avg: -

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