Semtech Named To Fortune Magazine's List of 100 Fastest Growing Companies
Semtech named in list for 2nd Consecutive year and is one of only two semiconductor product companies identified
Camarillo, California - September 24, 2013
Semtech Corporation (Nasdaq: SMTC), a leading supplier of analog and mixed-signal semiconductors, today announced that it has moved up four points on the Fortune Magazine list of the 100 Fastest Growing Companies that was published in the magazine’s September 16, 2013 issue.
This is the second consecutive year for Semtech to be on the list of 100 fastest growing publicly traded companies. The company improved its position from number 88 to number 84 with revenue growth of 20 percent, earnings per share growth of 88 percent and total returns of 29 percent.
“We are delighted to be named as one of Fortune’s 100 Fastest Growing Companies and to have our performance recognized by the editors of Fortune,” said Mohan Maheswaran, Semtech's President and Chief Executive Officer. “Semtech’s growth over the last five years has significantly exceeded the industry growth rate and the growth rate of our peer group and we believe that we are very well positioned to take further advantage of several fast growing markets in the future.”
Fortune screened companies based on size, liquidity, financial metrics and growth criteria and then ranked them by revenue growth rate, EPS growth rate and three-year annualized return for the period ended June 28, 2013. Revenue and EPS growth rates were computed using a trailing four quarter log linear least square regression fit. The article and more information on the methodology used to select the top 100 Fastest Growing Companies can be found at: http://money.cnn.com/magazines/fortune/fastest-growing/2013/snapshots/84.html?iid=FGCos_fl_list.
Semtech Corporation is a leading supplier of analog and mixed-signal semiconductors for high-end consumer, computing, communications and industrial equipment. Products are designed to benefit the engineering community as well as the global community. The company is dedicated to reducing the impact it, and its products, have on the environment. Internal green programs seek to reduce waste through material and manufacturing control, use of green technology and designing for resource reduction. Publicly traded since 1967, Semtech is listed on the NASDAQ Global Select Market under the symbol SMTC. For more information, visit www.semtech.com.
Pauline Cadena, Public Relations, Telephone: (805) 389-2755