Semtech reports sales and earnings
MANHASSET, N.Y. Analog and mixed-signal semiconductor supplier Semtech Corp. posted net earnings of $11.5 million, or 15 cents per share on sales of $60.9 million in its third fiscal 2006 quarter ended Oct. 30.
In the year-ago quarter, Semtech earned $14.6 million or 19 cents per share on sales of $65 million.
Semtech (Camarillo, Calif.) generated $21.6 million of cash flow the third fiscal 2006 quarter, and spent $14.6 million on stock repurchases to buy back 924,700 shares of common stock.
The company reported strong sales of parts used in consumer products, telecommunications, and broadband applications.
For the fourth fiscal 2006 quarter, Semtech projects sales to rise 4 to 6 percent sequentially.