New combination of Semtech (SMTC) to improve asset tracking systems


Semtech Company SMTC is constantly building partnerships on the back of robust LoRa technology solutions.

This is evident from SMTC’s recent collaboration with Swedish deep-tech company Exeger.

Under terms of the agreement, Semtech’s LoRa Edge asset management platform will be combined with Exeger’s Powerfoyle solar cell technology to increase the battery life of asset tracking devices and environmental detection.

The recent partnership is expected to address the growing need for solar-powered tracking applications for geolocation use cases, including indoor and outdoor asset tracking, global supply chain logistics, agriculture, services smart public and smart cities.

Semtech Corporation Pricing and Consensus

Semtech Corporation Price Consensus Chart | Quote Semtech Corporation

LoRa Wallet Strength

Semtech continues to work on expanding its LoRa offerings to provide advanced technology solutions to customers.

SMTC recently introduced the LoRa Developer Portal to help developers rapidly develop IoT devices connected to the LoRaWAN standard.

Semtech has also added multiband capabilities to the LoRa Edge device-to-Cloud geolocation platform to focus on the challenges facing the logistics industry.

Additionally, Semtech has expanded the LoRa Core portfolio by adding a solution called LoRa Corecell Reference Design for full-duplex gateway applications to the US ISM band 902-928 MHz. The new product enables LoRaWAN gateways to simultaneously receive and transmit data.

Growing clientele

Semtech’s strength in LoRa solutions continuously helps it attract customers and retain old ones.

SMTC recently expanded its partnership with New Zealand-based IoT Ventures and global connectivity provider Lacuna Space. The latter will use the former’s LoRa devices in the early warning system for droughts to provide access to drinking water to citizens of remote Pacific islands.

That aside, Semtech’s LoRa long-range modem is integrated with REYAX’s new antenna transceiver module, the REYAX RYLR998, making it usable in various IoT use cases, such as homes. intelligence and asset tracking.

Additionally, Semtech has partnered with ICT International, in which the latter has integrated Semtech’s LoRa devices and LoRaWAN standard into its water quality monitoring systems for aquaculture.

SMTC’s LoRa devices and the LoRaWAN standard are also integrated into Xorowin Mechatronics’ Enthu Technology Solutions and SIPOAL to provide constant real-time connectivity for industrial use cases.

Semtech’s growing momentum with customers will continue to drive its revenue in the days ahead.

Obviously, this will help SMTC gain investor confidence in the short and long term.

Shares of Semtech are down 65.4% year-to-date, trailing the 31.3% drop in the IT and technology sector.

Zacks Ranking and Stocks to Consider

Currently, Semtech carries a Zacks Rank #3 (Hold). Investors interested in the broader Zacks Computer & Technology sector may consider some higher-ranked stocks like AgilentTechnologies A, Asure Software ASUR and America Movil AMX. While Asure Software sports a Zacks Rank #1 (Strong Buy), Agilent Technologies and Amercia Movil currently carry a Zacks Rank #2 (Buy). You can see the full list of today’s Zacks #1 Rank stocks here.

Agilent Technologies has lost 7.1% since the start of the year. The long-term earnings growth rate for A is currently projected at 10%.

Asure Software has lost 14% since the start of the year. The long-term earnings growth rate for ASUR is currently projected at 14%.

America Movil has lost 4.8% since the start of the year. AMX’s long-term earnings growth rate is currently projected at 25.7%.

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