Semtech Finishes Stock Buyback, Begins Another

Semtech Corp. of Newbury Park said it has completed the $10 million stock repurchase that was announced Feb. 2.

The company also said its board of directors has approved the repurchase of an additional $10 million of its common stock, to be made in the open market over the next several months. The shares will be used to fund future stock option exercises.

Semtech supplies semiconductors used in the communications, computer, test and measurement, video and industrial equipment industries.