Semtech Stock Price, News & Analysis

Semtech Corporation (NASDAQ: SMTC) has partnered with SkyLab and HeNet B.V. to launch innovative dual-band gateways utilizing LoRa® technology aimed at enhancing maritime logistics and monitoring. The new LongAP Pro gateway will support both sub-GHz and 2.4GHz ISM bands, streamlining asset tracking for maritime operators like Stena Line, which handles approximately 28,000 departures annually. This collaboration aims to improve visibility in global supply chains and unlock new possibilities in asset tracking through Semtech's advanced LoRa portfolio.

Semtech Corporation (SMTC) launched its LoRa Cloud Locator, a new SaaS solution for evaluating the LoRa Edge geolocation platform. This service allows customers to assess performance metrics such as accuracy and power usage of LoRa Edge devices, tailored for indoor and outdoor asset tracking. Built with serverless technology, users can visualize tracker locations quickly, typically within 15 minutes. Semtech aims to enhance various industries' asset tracking capabilities, promoting efficiency across the supply chain.

Semtech Corporation has partnered with Mt. Titlis to integrate its BlueRiver® AV over IP technology into the Smart City Integrated Command Center. This collaboration enables high-quality, uncompressed 4K60 4:4:4 video along with efficient KVM functionality, reducing system complexity. The Command Center enhances public safety by providing operators with high-fidelity viewing, promoting effective information distribution for quicker responses. This partnership exemplifies how Semtech's technology supports urban governance through improved operational efficiency.

The LoRa Alliance announced the complete program for the LoRaWAN World Expo happening on July 6-7, 2022, in Paris. This event will highlight LoRaWAN best practices, features, and certification value through dynamic sessions and live demos. Attendees will engage in hands-on technical demonstrations, including the use of a LoRaWAN private network for real-time data reporting. The expo will cover topics such as security, ease of deployment, and present various applications of LoRaWAN technology across multiple vertical markets.

Semtech Corporation (NASDAQ: SMTC) has partnered with Broadata Communications to integrate its GS12170 SDI/HDMI bridge ASIC solution into Broadata's new Quad/12G SDI wall plate. This integration allows seamless conversion between SDI and HDMI 2.0 standards and facilitates low-power transmission of uncompressed 4K video and multi-channel audio. The collaboration aims to enhance SDVoE network capabilities, delivering near zero latency UHD video over standard Ethernet. Semtech's focus on low power consumption and compact design is expected to meet growing industry demands for diverse video interfaces.

Semtech Corporation (Nasdaq: SMTC) reported record first-quarter fiscal year 2023 results, with net sales of $202.1 million, up 6.1% sequentially and 18.7% year-over-year. GAAP gross margin reached 64.4%, while non-GAAP gross margin was 64.8%. The company achieved diluted earnings per share of $0.59 GAAP and $0.80 non-GAAP. The Wireless and Sensing products group saw a 15.0% year-over-year sales growth. For Q2 FY2023, Semtech forecasts net sales between $203.0 million to $213.0 million and diluted EPS of $0.79 to $0.89.

Semtech Corporation (NASDAQ: SMTC), a global supplier of analog semiconductors, will participate in two financial conferences: Baird’s 2022 Global Consumer, Technology & Services Conference in New York City on June 7 at 9:40 a.m. ET and Stifel’s 2022 Cross Sector Insight Conference in Boston on June 8 at 8:00 a.m. ET. A webcast and replay will be available on their corporate website’s Investor Relations section. Semtech is dedicated to environmental sustainability and publicly traded since 1967.

Semtech Corporation announced a partnership with WITRAC to enhance asset tracking in Boluda Corporación Marítima's supply chain. Utilizing LoRa® devices and the LoRaWAN® standard, this integration allows for real-time monitoring of cold chain assets, significantly improving logistics efficiency. The Total Track & Trace Intelligent Platform has successfully completed over 350 voyages, providing critical visibility for transporting goods like fresh food and medicine across 700 miles of maritime corridor from Spain to the Canary Islands.

Semtech Corporation (NASDAQ: SMTC) has partnered with Cranberry Analytics to implement a LoRaWAN® network for smart water metering in Panaji, India. The project will replace 3,094 mechanical water meters with advanced ultrasonic meters using Semtech's LoRa® technology, aimed at enhancing water management efficiency. This collaboration will facilitate daily collection of water consumption data, enabling effective distribution planning and real-time anomaly detection. Semtech emphasizes its commitment to sustainable solutions through this deployment, which is part of broader initiatives to reduce water waste and improve municipal services.