Semtech 4Q Earnings Up

Semiconductor manufacturer Semtech Corp. announced Monday that its fourth quarter income had increased 9 percent over the same period a year ago. Net income for the Camarillo-based company was $13.3 million, or 18 cents per diluted share, on net sales of $64.4 million for the fourth quarter ending Jan. 29. That is up from income of $12.1 million, or 16 cents per diluted share, on net sales of $58.4 for the fourth quarter of fiscal year 2005. Net income for the full fiscal year was $43 million, or 57 cents per diluted share, on $239.4 million. That is a 26 percent decrease from the $58.9 million net income, or 75 cents per diluted share, on net sales of $253.6 million for fiscal year 2005. The company saw a two percent decrease in new orders compared with the third quarter but an increase in orders of 26 percent compared with the fourth quarter of fiscal year 2005. Semtech Corp. analog and mixed-signal semiconductors are used in computer, industrial and communications applications.