Pivotal-Point Tracking Semtech (SMTC): 33% Revenue Increase and Record Margins Are the Fuel After the Q2 Earnings Presentation

Semtech is a developer of high-quality analog and mixed-signal semiconductors as well as advanced algorithms. The company supplies critical components for optical data transmission, mobile network infrastructure, and the Internet of Things (IoT) via its proprietary LoRa radio technology. On August 26th, the figures presented the evening before for Q2 triggered a sharp price jump of over 10%. Semtech increased its revenue year-over-year by 33% to $341.9 million, significantly surpassing the expectations of $328 million. The adjusted earnings per...