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Semtech Posts 2Q12 Results

CAMARILLO, Calif. — Semtech Corp. (Nasdaq: SMTC), a leading supplier of analog and mixed-signal semiconductors, today reported unaudited financial results for its second quarter of fiscal year 2012, which ended July 31, 2011. The company also announced that its Board of Directors approved increasing the existing stock repurchase authorization by $36 million.

Prior to the increase, the company had $14 million remaining in the authorization implemented in March 2008.

Net revenue for the second quarter of fiscal year 2012 was $130.3 million, up 15.0 percent from the second quarter of fiscal year 2011 and up 6.4 percent from the first quarter of fiscal year 2012.

Read the full press release.

{complink 4863|Semtech Corp.}

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