Semtech Named to Fortune's List of 100 Fastest Growing Companies
Magazine ranks Semtech as one of only 9 semiconductor companies identified as high achievers
CAMARILLO, Calif.--(BUSINESS WIRE)-- Semtech Corporation (NAS: SMTC) , a leading supplier of analog and mixed-signal semiconductors, today announced that Fortune Magazine has identified it as one of the 100 Fastest Growing Companies in the magazine's September 24, 2012 issue. Semtech was listed among 100 publicly traded companies as a high achiever with revenue growth of 25%, profit growth of 78% and total returns of 15%.
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 29, 2012. Revenue and EPS growth rates were computed using a trailing four quarter log linear least square regression fit.
"Semtech is honored to be recognized as one of Fortune's Top 100 Fastest-Growing Companies," said Emeka Chukwu, Senior Vice President and Chief Financial Officer of Semtech Corporation. "By identifying and focusing on the fastest growing segments of our industry, we have been able to outgrow our peer group even during a rather lackluster macroeconomic environment. We believe our product breadth, balanced end-market exposure, and diversified customer base are key to our ability to exploit growth opportunities while delivering attractive returns for our shareholders."
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/2012/snapshots/88.html
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 http://www.semtech.com.
Semtech and the Semtech logo are registered trademarks of Semtech Corporation.
Pauline Cadena, 805-389-2755
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