On August 21, Semtech rose 6.13% in regular trading, trading at $128.82/share, with turnover of $21.57 million.

On the news front, the company announced on August 19 the expansion of its flagship LoRa Plus chip product line, with LR2022 and LR2012 transceivers officially entering mass production. Together with the previously launched LR2021, these products form a complete three-chip matrix covering Sub-GHz to satellite-direct multi-band frequencies, addressing diverse IoT deployment scenarios from basic sensors to satellite connectivity and edge AI. Additionally, UBS analyst Timothy Arcuri reiterated a Buy rating with a $225 target price ahead of the company's earnings report scheduled for August 25, citing expectations that data center revenue will climb strongly and overall revenue will approach the high end of guidance, with EPS potentially reaching approximately $0.70 for the October quarter.

Further supporting sentiment, Semtech previously signed a definitive agreement to sell its cellular module business to Compal Electronics for $62 million in cash and secured a $360 million revolving credit facility, reinforcing strategic focus and financial flexibility.

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