Semtech Stock Price, News & Analysis

Semtech Corporation (SMTC) has partnered with Intent Technologies and Nexity Group to enhance building management through its LoRa devices and LoRaWAN standard. This collaboration aims to optimize operational efficiency, achieving a 10% reduction in building management costs. The IntentPlatform, which supports over 1.2 million residential units and 6 million square meters of office space, enables real estate professionals to monitor various metrics. With the smart buildings market projected to reach $141.71 billion by 2028, Semtech's technology is positioned to connect sensors for improved building management.

Semtech Corporation (SMTC) will participate in the Piper Sandler Growth Frontiers Conference in Nashville, TN, on September 13 at 2 p.m. CDT. Chief Financial Officer Emeka Chukwu will engage in a fireside chat, which will be available via a live webcast. Semtech specializes in analog and mixed-signal semiconductors and advanced algorithms for various applications. The company focuses on sustainability and reducing environmental impact through its products and practices. Further details are available on Semtech's website.

Semtech Corporation (SMTC) has announced its 20th collaboration with ProITAV for customized AV-over-IP solutions utilizing its BlueRiver® technology. This partnership highlights Semtech's significant role in the professional AV industry, with BlueRiver now serving over a third of ProITAV's customer base. The technology enables lower power usage and costs, facilitating the development of new SDVoE-enabled solutions. Semtech’s BlueRiver platform is recognized for its capabilities in replacing legacy systems, enhancing performance and scalability in AV signal distribution.

Semtech Corporation (Nasdaq: SMTC) reported strong financial results for Q2 FY2023, with record net sales of $209.3 million, up 3.5% sequentially and 13.1% year-over-year. The company achieved a record GAAP gross margin of 64.9% and non-GAAP gross margin of 65.2%. Diluted earnings per share came in at $0.81 (GAAP) and $0.87 (non-GAAP). Despite these achievements, Semtech anticipates a weaker second half of the year due to a deteriorating macro demand environment. For Q3 FY2023, the company expects net sales between $170.0 million and $180.0 million.

Semtech Corporation (NASDAQ: SMTC) has launched the CopperEdge™ product portfolio, starting with the GN8112, a 112G PAM4 quad linear equalizer. This product targets next-generation 400G and 800G data center interconnects, allowing active copper cables to extend connections up to five meters, ensuring low power consumption (<0.75 Watt) and low latency (<10ps). The GN8112 is now available for sampling, aiming to meet the growing demand for high-performance data center solutions in cloud computing and AI applications.

Semtech Corporation (NASDAQ: SMTC) announces a collaboration with IoT Ventures and Lacuna Space to implement a Drought Early Warning System in New Zealand and South Pacific communities. Utilizing Semtech's LoRa devices, this network of low-cost sensors analyzes water consumption and rain forecasts to manage water supplies efficiently. The solar-powered sensors offer an operational life of 7 to 10 years, helping mitigate drought impacts. The solution aligns with United Nations Sustainability goals by providing reliable access to clean water and facilitating resource management.

Semtech Corporation will release its Q2 fiscal 2023 financial results on August 31, 2022, after market close. A conference call is scheduled for 2 p.m. PT to discuss performance, current activities, and future outlook. Investors can access the webcast on Semtech's website. As a global supplier of high-performance analog and mixed-signal semiconductors, Semtech is committed to sustainability and reducing environmental impact through its internal green programs. For further information, visit semtech.com.

Semtech Corporation has announced its acquisition of Sierra Wireless for US$31 per share, totaling approximately US$1.2 billion. This strategic move is projected to almost double Semtech's annual revenue and add over US$100 million in high-margin recurring IoT Cloud revenues. The deal is expected to enhance Semtech's IoT addressable market by 10x, reaching US$10 billion by 2027. Anticipated operational synergies of US$40 million are expected within 12-18 months post-closure.

Semtech Corporation (Nasdaq: SMTC) has initiated discussions for a potential acquisition of Sierra Wireless, Inc. (Nasdaq: SWIR) at a price of US$31 per share. Semtech emphasizes that there are no guarantees regarding the continuation of these discussions or the finalization of any agreement. The company does not plan to issue further updates until a binding agreement is reached. Semtech, a global leader in analog and mixed-signal semiconductors, aims to advance its market position through this potential transaction.