Semtech Stock Price, News & Analysis

Semtech Corporation (SMTC), a global supplier of analog and mixed-signal semiconductors, has announced a consulting partnership with former employees Nicolas Sornin and Francois Sforza. The focus will be on developing technical solutions for human safety applications, particularly in positioning and rescue technologies for outdoor environments, in collaboration with the LoRa ecosystem. This strategic move aims to enhance the company's technical capabilities and expand its product offerings in safety technologies.

Semtech Corporation (Nasdaq: SMTC), a leading supplier of high-performance analog semiconductors, announced that CEO Mohan Maheswaran will participate in the 24th Annual Needham Growth Conference on January 12, 2022, at 4:15 p.m. ET. The event will be held virtually, and interested parties can access a live webcast and replay through the Investor Relations section of Semtech’s website. The company is dedicated to sustainability and reducing environmental impact through its green programs.

Semtech Corporation (NASDAQ: SMTC) has launched its new SurgeSwitch™ product line, designed to offer enhanced protection for circuits in challenging industrial and telecom environments. Key features include:

• 30% reduced clamping
• 80% smaller package size (1.6 x 1.6mm)
• Stable clamping over temperature

The product line includes devices with operating voltages of 22V, 33V, 45V, and 58V, which are immediately available in production quantities, signifying Semtech's commitment to innovation in circuit protection.

Semtech Corporation (NASDAQ: SMTC) announces a collaboration with Arson Metering to implement a smart gas metering solution using LoRaWAN technology. This innovative sensor detects dangerous methane levels, shuts off gas supply, and notifies users via a mobile app. The system is compatible with various gas meters and promotes safety and efficiency in gas management. With sufficient LoRaWAN gateways in place, the partnership aims to enhance utility monitoring and safety across Spain.

Semtech Corporation (SMTC) announced a partnership with Elvexys and Oiken to enhance power grid monitoring using LoRaWAN technology. This collaboration aims to deploy IoT-enabled sensors that provide real-time data on power failures, significantly reducing operational costs and deployment times. Oiken claims that the integration of LoRaWAN into their SCADA systems was straightforward and cost-effective, stating that without this technology, costs could have been tenfold. The partnership enhances grid reliability, benefiting both utilities and consumers.

Semtech Corporation (NASDAQ: SMTC) and Spark Connected, LLC have settled their two-year legal dispute in the United States District Court for the Eastern District of Texas. Both companies have denied any liability in the settlement, which is confidential. Semtech’s Executive VP emphasized the company's commitment to defending its intellectual property rights, while Spark's CEO expressed satisfaction with the resolution and looks forward to future innovations in wireless power solutions. The agreement ends all disputes between the two parties.

Semtech Corporation (Nasdaq: SMTC) reported record financial results for Q3 FY2022, ending October 31, 2021. Net sales reached $194.9 million, marking a 5% sequential increase and a 27% year-over-year growth. Both GAAP and non-GAAP gross margins hit new highs at 63.5% and 63.8%, respectively. Diluted EPS on a GAAP basis was $0.53, while non-GAAP EPS was $0.74. The company anticipates Q4 FY2022 net sales between $184.0 million and $194.0 million, with a potential impact from supply chain issues and COVID-19.

The LoRa Alliance has launched the formal program for the LoRaWAN World Expo scheduled for March 29-30, 2022, in Paris. This key event in the IoT calendar will gather industry leaders to discuss the impact and growth of LoRaWAN technology. Keynotes will include experts from AWS, Microsoft, and the European Commission. Attendees will have opportunities to network and learn about enhancing their IoT strategies through LoRaWAN, which has seen widespread global deployment, now available in over 170 countries.

Semtech Corporation (SMTC) has partnered with ZeeVee to enhance the Tennessee State Museum's audio-visual experience. Utilizing ZeeVee's ZyPer4K encoders and Semtech's BlueRiver AV technology, the collaboration aims to attract new audiences through high-quality, uncompressed 4K60 video. This state-of-the-art AV system reduces costs and complexity, significantly enhancing the museum's immersive exhibits. The project exemplifies the application of Professional AV technology in cultural settings, promoting education and engagement.