Semtech (SMTC) Tops Q1 EPS by 1c, Revenues Beat; Offers 2Q EPS Mid-Point Outlook Below Consensus
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Semtech Announces First Quarter of Fiscal Year 2019 Results
May 30, 2018 4:15 PM EDTCAMARILLO, Calif., May 30, 2018 (GLOBE NEWSWIRE) -- Semtech Corporation (Nasdaq: SMTC), a leading supplier of high performance analog, mixed-signal semiconductors and advanced algorithms, today reported unaudited financial results for its first quarter of fiscal year 2019, which ended April 29, 2018. The Company also announced that its board of directors increased the authorization of an additional $250 million of repurchases under the existing stock repurchase program, which brings the total authorization to approximately $272 million.  Prior to the increase, the Company had approximately $22 million remaining from the authorization that was last expanded in May 2015.
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