Osterweis Opportunity Fund on Semtech Corporation
Thesis
Semtech provides high-performance analog and mixed-signal semiconductors whose connectivity products are becoming increasingly important in AI data centers. The company is seeing strong growth in both its data-center and LoRa businesses. Management guided to substantial growth in the following quarter and a potential disposal of Sierra Wireless could improve gross margins. The fund believes Semtech is positioned as a critical supplier in the transition toward higher-bandwidth AI interconnect infrastructure.
“We believe Semtech is well positioned as a critical supplier in the transition to higher-bandwidth AI interconnect infrastructure.”