Semtech Has A Challenging Task To Recover From Its Self-Inflicted Wound [Seeking Alpha]
Semtech Corporation (SMTC)
Last semtech corporation earnings: 3/11 04:15 pm
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US:NASDAQ Investor Relations:
investors.semtech.com/investor-relations
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Source: Seeking Alpha
15min Summary Semtech's acquisition of Sierra Wireless in 2023 led to a significant goodwill write-off and a drop in gross profit margins, resulting in major losses. The company's current financial position is weak, with negative equity and high debt, making it a risky investment despite potential turnaround paths. Two turnaround scenarios suggest intrinsic values significantly lower than the current market price, indicating that the stock is overpriced. simpson33 Investment Thesis Before 2023, Semtech Corporation ( NASDAQ: SMTC ) performed reasonably with an average of 10% ROIC and 8% ROE from 2015 to 2022. All this changed with the USD 1.3 billion Sierra Wireless acquisition in 2023. In 2024, the company had to write off almost USD 890 million of goodwill and assets, mainly related to this acquisition. There was also a reduction of its gross profit margins from an average of 63% for 2021 to 2023 to 49% in 2024. These resulted in a significant loss. The company is
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SMTC
News
- Semtech Shares Rise 94% YTD: Is it Too Late to Buy the Stock? [Yahoo! Finance]Yahoo! Finance
- Semtech Explores Scalable Analog Path For 6G Fronthaul at ECOC 2024Business Wire
- Semtech Eases FTTR Broadband DeploymentsBusiness Wire
- LoRa and LoRaWAN IoT Market Is Expected To Reach a Revenue Of USD 183.9 Bn By 2033, At 36.5% CAGR: Dimension Market Research [Yahoo! Finance]Yahoo! Finance
- Semtech Co. (NASDAQ: SMTC) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $56.00 price target on the stock.MarketBeat
SMTC
Earnings
- 8/27/24 - Beat
SMTC
Sec Filings
- 8/28/24 - Form 10-Q
- 8/27/24 - Form 8-K
- 8/26/24 - Form 4
- SMTC's page on the SEC website