Semtech Corporation (NASDAQ:SMTC) is reporting second quarter financial results on Wednesday 26th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, SMTC is expected to report 2Q21 income of $ 0.41 per share from revenue of $ 141.76 million.
For the full year, analysts anticipate top line of $ 568.43 million, while looking forward to income of $ 1.67 per share bottom line.
The Company Outlook
Revenue for 2Q21 are expected in a range of $ 138.00 million ~ $ 146.00 million
Click Here For More Historical Outlooks Of Semtech Corporation
Previous Quarter Performance
Semtech Corporation reported income for the first quarter of $ 0.35 per share, from the revenue of $ 132.70 million. The quarterly earnings elevated 2.94 percent compared with the same quarter last year. The consensus estimates are income of $ 0.32 per share from $ 129.28 million in revenue. The bottom line results beat street analysts by $ 0.03 or 9.37 percent, at the same time, top line results outshined analysts by $ 3.42 million or 2.65 percent.
Stock Performance
Shares of Semtech Corporation traded high $ 0.08 or 0.13 percent on Tuesday, reaching $ 62.37 with volume of 265.30 thousand shares. The stock opened down for the day at $ 61.84, after closing the previous day trading at $ 62.29.
According to the previous trading day, closing price of $ 62.29, representing a 139.30 % increase from the 52 week low of $ 26.03 and a 2.82 % decrease over the 52 week high of $ 64.10.
The company has a market capital of $ 4.06 billion and is part of the Technology sector and Semiconductors industry.
Conference Call
Semtech Corporation will be hosting a conference call at 5:00 PM eastern time on 26th August 2020, to discuss its 2Q21 financial results with the investment community. The participants may dial, 1-877-407-0312 (United States), and the passcode is 13704537 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website webcasts.eqs.com/register/Semtechcorp20200826/en
Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. The company provides signal integrity products, including a portfolio of optical data communications and video transport products used in various enterprise computing, industrial, and communications 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. It 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.
