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Semtech (SMTC) just unveiled an announcement.
The company is optimistic about its financial performance, reaffirming its second-quarter outlook for fiscal year 2025 and noting a sequential increase in bookings for the fourth consecutive quarter. Additionally, the company has initiated exchange agreements with certain note holders to convert approximately $183 million of its 2028 Notes into about 9.9 million shares of common stock, with the exchange expected to be completed by July 24, 2024. While these forward-looking statements suggest positive developments, they come with the usual caveats of market risks and uncertainties that could impact actual results.
Find detailed analytics on SMTC stock on TipRanks’ Stock Analysis page.
