We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Semtech (SMTC) and Intel Form Alliance for LiDAR Technology
Read MoreHide Full Article
Semtech Corporation (SMTC - Free Report) has joined forces with Intel (INTC - Free Report) in a bid to bolster its initiatives in Light Detection and Ranging (LiDAR) technology.
Notably, the company strives to build optical semiconductor platforms for LiDAR by incorporating its own optical semiconductor devices into Intel’s RealSense LiDAR Camera L515.
More precisely, the incorporation of Semtech’s advanced laser drivers and programmable transimpedance amplifiers (TIAs) into Intel’s L515 will deliver high-precision depth, with errors below 16mm at maximum operating range in the development of consumer LiDAR with high resolution.
In addition, with TIAs’ low input-referred-noise feature, L515 is capable enough to be a LiDAR system with high accuracy.
Notably, the latest collaboration is likely to aid Semtech in gaining strong footprint in the optical semiconductor space and solid momentum in LiDAR technology.
Huge investments are being made in the LiDAR market due to its increased usage in the development of advanced products.
According to the MarketsandMarkets report, the global LiDAR market is expected to hit $2.8 billion by 2025, witnessing a CAGR of 20.7% during the period of 2020-2025.
Further, a report from Allied Market Research indicates that this particular market is expected to hit $2.9 billion by 2027, registering a CAGR of 20.1% between 2020 and 2027.
Also, Reportlinker data reveals that the LiDAR market is anticipated to witness a CAGR of 29.6% between 2021 and 2026, and reach $7.4 billion by 2026.
We believe that Semtech’s strategic alliance with Intel and other endeavors in LiDAR will help it rapidly penetrate into this expanding market.
Semtech’s Optical Portfolio in Focus
Strong optical product offerings will continue to boost Semtech’s footprint in the promising market of LiDAR.
The company’s optical product portfolio comprises optical transceiver IC products ranging from 100Mbps to more than 100Gbps, which support key industry standards such as Fibre Channel, InfiniBand, Ethernet, Common Public Radio Interface and Passive Optical Network to name a few.
We believe that it remains well poised to gain strong momentum in various end markets on the back of robust optical portfolio.
Zacks Rank & Stocks to Consider
Currently, Semtech carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector include MACOM Technology Solutions Holdings, Inc. (MTSI - Free Report) and Microchip Technology Incorporated (MCHP - Free Report) . While MACOM sports a Zacks Rank #1 (Strong Buy), Microchip carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rates for MACOM and Microchip are currently projected at 37% and 15.3% respectively.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Image: Bigstock
Semtech (SMTC) and Intel Form Alliance for LiDAR Technology
Semtech Corporation (SMTC - Free Report) has joined forces with Intel (INTC - Free Report) in a bid to bolster its initiatives in Light Detection and Ranging (LiDAR) technology.
Notably, the company strives to build optical semiconductor platforms for LiDAR by incorporating its own optical semiconductor devices into Intel’s RealSense LiDAR Camera L515.
More precisely, the incorporation of Semtech’s advanced laser drivers and programmable transimpedance amplifiers (TIAs) into Intel’s L515 will deliver high-precision depth, with errors below 16mm at maximum operating range in the development of consumer LiDAR with high resolution.
In addition, with TIAs’ low input-referred-noise feature, L515 is capable enough to be a LiDAR system with high accuracy.
Notably, the latest collaboration is likely to aid Semtech in gaining strong footprint in the optical semiconductor space and solid momentum in LiDAR technology.
Semtech Corporation Price and Consensus
Semtech Corporation price-consensus-chart | Semtech Corporation Quote
LiDAR Prospects
Huge investments are being made in the LiDAR market due to its increased usage in the development of advanced products.
According to the MarketsandMarkets report, the global LiDAR market is expected to hit $2.8 billion by 2025, witnessing a CAGR of 20.7% during the period of 2020-2025.
Further, a report from Allied Market Research indicates that this particular market is expected to hit $2.9 billion by 2027, registering a CAGR of 20.1% between 2020 and 2027.
Also, Reportlinker data reveals that the LiDAR market is anticipated to witness a CAGR of 29.6% between 2021 and 2026, and reach $7.4 billion by 2026.
We believe that Semtech’s strategic alliance with Intel and other endeavors in LiDAR will help it rapidly penetrate into this expanding market.
Semtech’s Optical Portfolio in Focus
Strong optical product offerings will continue to boost Semtech’s footprint in the promising market of LiDAR.
The company’s optical product portfolio comprises optical transceiver IC products ranging from 100Mbps to more than 100Gbps, which support key industry standards such as Fibre Channel, InfiniBand, Ethernet, Common Public Radio Interface and Passive Optical Network to name a few.
We believe that it remains well poised to gain strong momentum in various end markets on the back of robust optical portfolio.
Zacks Rank & Stocks to Consider
Currently, Semtech carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector include MACOM Technology Solutions Holdings, Inc. (MTSI - Free Report) and Microchip Technology Incorporated (MCHP - Free Report) . While MACOM sports a Zacks Rank #1 (Strong Buy), Microchip carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rates for MACOM and Microchip are currently projected at 37% and 15.3% respectively.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>