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Semtech (SMTC), Symmetry Ink Distribution Deal for AV Products
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Semtech Corporation (SMTC - Free Report) recently announced a distribution deal with Symmetry Electronics. The financial terms of the deal were kept confidential.
Symmetry is a well established distributor in the audio/visual (AV) market. The company offers sales and technical support, and also distributes wireless and video technologies.
Per the deal, Symmetry will deliver Semtech’s Pro AV products in North America. The products include Semtech’s BlueRiver AV-over-IP chipsets, used to send 4K HDR over standard Ethernet. In addition, it includes AVX products, which are used for point-to-point distribution of 4K video, audio, and control signals between AV equipment.
Semtech’s BlueRiver technology provides better price/performance, flexibility and scalability. It also offers hardware advantages including a small form factor and low power consumption.
Semtech is witnessing growing strategic alliance and contracts, thanks to cost-efficient abilities of the BlueRiver technology.
Consequently, the move is likely to boost the adoption rate of the company’s both BlueRiver and AVX products in North America, which, in turn, will drive the top line.
This deal will strengthen Semtech’s presence in the Pro AV market on the back of technological advancements. In addition, growing adoption of pro AV products in several industries is expected to propel the global pro AV market growth.
Per a research report, the global Pro AV market was valued at $246.5 billion in 2019. It is expected to witness CAGR of 11.2% in the 2020-2027 period.
The latest deal will help Semtech reap benefits from potential growth of this market.
We believe Semtech is well poised to rapidly penetrate into several markets and industries, aided by the BlueRiver technology.
Zacks Rank & Stocks to Consider
Currently, Semtech carries a Zacks Rank #3 (Hold).
Long-term earnings growth for Marchex, Overstock.com, and Maxim is currently projected at 15%, 20% and 10%, respectively.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
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Semtech (SMTC), Symmetry Ink Distribution Deal for AV Products
Semtech Corporation (SMTC - Free Report) recently announced a distribution deal with Symmetry Electronics. The financial terms of the deal were kept confidential.
Symmetry is a well established distributor in the audio/visual (AV) market. The company offers sales and technical support, and also distributes wireless and video technologies.
Per the deal, Symmetry will deliver Semtech’s Pro AV products in North America. The products include Semtech’s BlueRiver AV-over-IP chipsets, used to send 4K HDR over standard Ethernet. In addition, it includes AVX products, which are used for point-to-point distribution of 4K video, audio, and control signals between AV equipment.
Semtech’s BlueRiver technology provides better price/performance, flexibility and scalability. It also offers hardware advantages including a small form factor and low power consumption.
Semtech is witnessing growing strategic alliance and contracts, thanks to cost-efficient abilities of the BlueRiver technology.
Consequently, the move is likely to boost the adoption rate of the company’s both BlueRiver and AVX products in North America, which, in turn, will drive the top line.
Semtech Corporation Price and Consensus
Semtech Corporation price-consensus-chart | Semtech Corporation Quote
Market Opportunities to Aid Growth
This deal will strengthen Semtech’s presence in the Pro AV market on the back of technological advancements. In addition, growing adoption of pro AV products in several industries is expected to propel the global pro AV market growth.
Per a research report, the global Pro AV market was valued at $246.5 billion in 2019. It is expected to witness CAGR of 11.2% in the 2020-2027 period.
The latest deal will help Semtech reap benefits from potential growth of this market.
We believe Semtech is well poised to rapidly penetrate into several markets and industries, aided by the BlueRiver technology.
Zacks Rank & Stocks to Consider
Currently, Semtech carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector include Marchex (MCHX - Free Report) , Overstock.com and Maxim Integrated Products, Inc. , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Long-term earnings growth for Marchex, Overstock.com, and Maxim is currently projected at 15%, 20% and 10%, respectively.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>