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Stock Market & Financial Investment News

News Breaks
March 7, 2013
07:33 EDTSMTCSemtech price target raised to $41 from $35 at Oppenheimer
Oppenheimer increased its price target on Semtech after the company reported stronger than expected results for its January quarter. The firm expects the company to continue to beat expectations this year and it maintains an Outperform rating.
News For SMTC From The Last 14 Days
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March 4, 2015
18:37 EDTSMTCOn The Fly: After Hours Movers
UP AFTER EARNINGS: Roundy's (RNDY), up 12.7%... Pacific Ethanol (PEIX), up 11.5%... Miller Industries (MLR), 6.9%. ALSO HIGHER: Pharmacyclics (PCYC), up 2.8% after speculation of acquisition by Johnson & Johnson (JNJ). Johnson & Johnson is up marginally. DOWN AFTER EARNINGS: Semtech (SMTC), down 5.3%... Callon Petroleum (CPE), down 1.3%. ALSO LOWER: Vanda Pharmaceuticals (VNDA), down 7% following results from tradipitant Phase II study... Encana (ECA), down 4.2% after announcing C$1.25B bought deal offering... Apollo Commercial (ARI), down 2.9% after filing to sell 10M shares of common stock... Neustar (NSR), down 2.7% after making statement on LNPA vendor selection.
16:37 EDTSMTCSemtech sees Q1 EPS 27c-30c, consensus 37c
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16:36 EDTSMTCSemtech acquires Triune Systems for $45M
Semtech has completed the acquisition of Triune Systems, a privately-held supplier of wireless charging and power management platforms targeted at high and low power, high efficiency applications. The acquisition will add approximately 35 employees with the majority of these employees based in Plano, Texas. Semtech acquired all of the outstanding equity interests of Triune Systems for an aggregate purchase price of $45M consisting of $35M cash paid at closing, with an additional cash consideration of $10M to be paid in six months and additional contingent consideration subject to achieving certain future financial goals. In conjunction with the transaction, Semtech expects to fund the aggregate purchase price using its revolving line of credit. Semtech expects the deal to be slightly accretive for its fiscal year 2016. Triune Systems CEO Ross Teggatz will join Semtech as General Manager of Semtech’s Power Management and High-Reliability Product Group.
16:35 EDTSMTCSemtech reports Q4 EPS 34c, consensus 33c
Reports Q4 revenue $130.4M, consensus $130.11M.
16:33 EDTSMTCSemtech sees Q1 adjusted EPS 27c-30c , consensus 37c
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15:13 EDTSMTCNotable companies reporting after market close
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