Semtech Cracks Forbes’ Small Business Top 10

Semtech Corp. in Newbury Park, a supplier of semiconductors for communications, computer and industrial equipment, was ranked 10th in Forbes’ 2000 listing of the 200 Best Small Companies in America, moving up from No. 81 in 1999.

In order to make the Forbes list, companies must have a growth rate of 5% in both sales and earnings per share for the last five years, and net income of more than $1 million during the last four quarters.

“Semtech has had a compounded annual growth rate of 38% over the past five years,” said John D. Poe, Semtech’s chairman and chief executive. “Inclusion in the Forbes list for the third year in a row epitomizes the company’s value and growth, while reminding us that we won’t qualify as a small company for much longer.”

Publicly traded since 1967, Semtech is listed on Nasdaq under the symbol SMTC. The stock closed Monday at $28.81 per share, down $1.25.